Cheap Apartments for Rent in Lake Elsinore, CA from $400 (58 Rentals)

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Ridgestone
Rent Specials
$1,889 - $7,847
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$1,889 - $7,847

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1 to 3 Bedroom Apartments Available Now

Ridgestone

39415 Ardenwood WayLake Elsinore, CA 92532
Affordability
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226 E Peck St
1 Bedroom Apartments

226 E Peck St

226 E Peck StLake Elsinore, CA 92530
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17856 Grand Ave
1 to 3 Bedroom Apartments

17856 Grand Ave

17856 Grand AveLake Elsinore, CA 92530
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505 W Limited Ave
2 to 3 Bedroom Apartments

505 W Limited Ave

505 W Limited AveLake Elsinore, CA 92530

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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117 N Lowell St
Studio Apartments

117 N Lowell St

117 N Lowell StLake Elsinore, CA 92530
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16341-16347 Grand Ave
2 Bedroom Apartments

16341-16347 Grand Ave

16341-16347 Grand AveLake Elsinore, CA 92530
  • Utilities Included
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110-118 W Heald Ave
Studio to 2 Bedroom Apartments

110-118 W Heald Ave

110-118 W Heald AveLake Elsinore, CA 92530
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313-317 N Main St
1 to 2 Bedroom Apartments

313-317 N Main St

313-317 N Main StLake Elsinore, CA 92530
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212 N Langstaff St
2 Bedroom Apartments

212 N Langstaff St

212 N Langstaff StLake Elsinore, CA 92530

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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260 N Main St
Studio Apartments

260 N Main St

260 N Main StLake Elsinore, CA 92530
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507 W Limited Ave
2 to 3 Bedroom Apartments

507 W Limited Ave

507 W Limited AveLake Elsinore, CA 92530
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307 N Riley St
Studio to 3 Bedroom Apartments

307 N Riley St

307 N Riley StLake Elsinore, CA 92530
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304 S Spring St
1 to 2 Bedroom Apartments

304 S Spring St

304 S Spring StLake Elsinore, CA 92530
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16420 W Joy St
3 Bedroom Apartments

16420 W Joy St

16420 W Joy StLake Elsinore, CA 92530
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501 W Limited Ave
2 to 3 Bedroom Apartments

501 W Limited Ave

501 W Limited AveLake Elsinore, CA 92530
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509 W Limited St
2 to 3 Bedroom Apartments

509 W Limited St

509 W Limited StLake Elsinore, CA 92530
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3600 Nashland Ave
Studio Apartments

3600 Nashland Ave

3600 Nashland AveLake Elsinore, CA 92530
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21000 Mariposa Rd
1 to 3 Bedroom Apartments

21000 Mariposa Rd

21000 Mariposa RdLake Elsinore, CA 92530

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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3681 Nashland Ave
2 to 3 Bedroom Apartments

3681 Nashland Ave

3681 Nashland AveLake Elsinore, CA 92530
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32764 Ortega Hwy
3 Bedroom Apartments

32764 Ortega Hwy

32764 Ortega HwyLake Elsinore, CA 92530
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15129 Joy St
Studio Apartments

15129 Joy St

15129 Joy StLake Elsinore, CA 92530
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16495 Joy St
Studio Apartments

16495 Joy St

16495 Joy StLake Elsinore, CA 92530
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503 Limited Ave
2 Bedroom Apartments

503 Limited Ave

503 Limited AveLake Elsinore, CA 92530
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16459 Joy St
3 Bedroom Apartments

16459 Joy St

16459 Joy StLake Elsinore, CA 92530
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511 W Limited Ave
2 to 3 Bedroom Apartments

511 W Limited Ave

511 W Limited AveLake Elsinore, CA 92530

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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17810 Grand Ave
2 Bedroom Apartments

17810 Grand Ave

17810 Grand AveLake Elsinore, CA 92530
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705 Quail Dr
2 to 3 Bedroom Apartments

705 Quail Dr

705 Quail DrLake Elsinore, CA 92530
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Sierra Vista Apartments
1 to 3 Bedroom Apartments

Sierra Vista Apartments

15177 Lincoln StLake Elsinore, CA 92530
  • Utilities Included
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32986 Blackwell Blvd
Studio to 3 Bedroom Apartments

32986 Blackwell Blvd

32986 Blackwell BlvdLake Elsinore, CA 92530
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113 S Spring St
Studio Apartments

113 S Spring St

113 S Spring StLake Elsinore, CA 92530

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Lake Elsinore, CA Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Lake Elsinore, CA

Pricing Updated: 07/20/2026

Current apartment rentals in the Lake Elsinore, CA area range in price from $1,300 to $7,499 with an overall median price of $5,083. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Country Club Heights Lakeland at $1,300, Tuscany Hills at $3,350, and Fox & Jacobs at Rosetta Canyon at $1,490. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lake Elsinore Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Country Club Heights Lakeland$2,700$1,3005
Tuscany Hills$3,350$3,3501
Fox & Jacobs at Rosetta Canyon$3,395$1,49015
Country Club Heights$3,595$1,7507
Alberhill Ranch$3,772$1,75010
Horsethief Canyon$4,025$1,79520
Alderbrook at Canyon Hills$7,499$1,85020
Brookview Terrace$7,499$1,85019
Lake Elsinore Hills$7,499$1,49015
Santa Rosa by Fox & Jacobs at Rosetta Canyon$7,499$1,4908

Cheapest Available Lake Elsinore Apartments for Rent

 

The cheapest available apartment rental in Lake Elsinore, CA is a 1 Bed unit found at Grand Oaks Apartments in the Outer SW Riverside County Temecula neighborhood priced from $1,600. Sierra Vista Apartments in the Horsethief Canyon neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,825. Here is today’s list of the most affordable Lake Elsinore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grand Oaks Apartments1 Bed 1 Bath1BR,1BA$1,600
Sierra Vista Apartments2 Bed 1 Bath2BR,1BA$1,825
Lakehouse Apartments1x11BR,1BA$1,845
RidgestoneA11BR,1BA$1,889
Boulders Menifee2D- 1st Floor (115-116)1BR,1BA$1,995
Shoreline ApartmentsBay2BR,1BA$1,999

Best Value Apartments for Rent in Lake Elsinore, CA

As of July 20, 2026 the best value apartment in the Lake Elsinore area is the $2.61 price per square foot C1 Model at Ridgestone in the in the Santa Rosa by Fox & Jacobs at Rosetta Canyon neighborhood starting from $3,466. The second greatest value Lake Elsinore apartment is the 2 Bed 1 Bath Model at Sierra Vista Apartments starting at $1,825 with a $2.17 price per square foot in the Horsethief Canyon neighborhood. Here is today’s list of the best values for Lake Elsinore apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
RidgestoneC13BR,2BA$2.61
Sierra Vista Apartments2 Bed 1 Bath2BR,1BA$2.17
Shoreline ApartmentsBay1BR,1BA$2.98
Grand Oaks Apartments1 Bed 1 Bath1BR,1BA$2.42
Lakehouse Apartments1x11BR,1BA$2.88
Boulders Menifee2A-ALT- 1st Floor (101)1BR,1BA$3.18

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lake Elsinore Overview

If you’ve decided to look for Lake Elsinore apartments, then you’ve made a great decision. With a higher quality of life, a historic downtown, and many things to do and see, Lake Elsinore is a wonderful place to live. Furthermore, residents are in love with the weather in Lake Elsinore. With a very mild winter and summers that are bearable, staying comfortable is very easy in this city! And if you want to cool off, there is a gorgeous lake just minutes away and the beach is only a one-hour drive down the highway! Whether you want to raise a family or just try somewhere new after finishing college, then Lake Elsinore is a top place to call home!

Why live in Lake Elsinore, CA?

If you’ve decided to look for Lake Elsinore apartments, then you’ve made a great decision. With a higher quality of life, a historic downtown, and many things to do and see, Lake Elsinore is a wonderful place to live. Furthermore, residents are in love with the weather in Lake Elsinore. With a very mild winter and summers that are bearable, staying comfortable is very easy in this city! And if you want to cool off, there is a gorgeous lake just minutes away and the beach is only a one-hour drive down the highway! Whether you want to raise a family or just try somewhere new after finishing college, then Lake Elsinore is a top place to call home!

Lake Elsinore, CA
Population: 68,183

Ranked #535

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Lake Elsinore Apartments

How much is rent for a Cheap One Bedroom Lake Elsinore Apartment?

The lowest price for a Cheap One Bedroom Lake Elsinore Apartment is $1,600 at Grand Oaks Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Elsinore Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Elsinore is starting from $1,825 at Sierra Vista Apartments.

What is the most affordable Lake Elsinore Three Bedroom Apartment?

The best deal on a cheap Lake Elsinore Three Bedroom Apartment rental is at Lakehouse Apartments and starts from $2,445.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.