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$1,943 - $2,7851 to 2 Bedroom Apartments Available Now
Rivers Edge
2088 E Lakeshore DrLake Elsinore, CA 92530
Cheap Apartments for Rent in Lake Elsinore, CA from $400 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Elsinore.
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$1,999 - $2,7751 to 3 Bedroom Apartments Available Now
Shoreline Apartments
15120-15150 Grand AveLake Elsinore, CA 92530
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Rent Specials
$1,936 - $4,6041 to 3 Bedroom Apartments Available Now
Ridgestone
39415 Ardenwood WayLake Elsinore, CA 92532
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$1,855 - $2,4751 to 3 Bedroom Apartments Available Now
Lakehouse Apartments
15195 Lincoln StLake Elsinore, CA 92530
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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.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Lake Elsinore, CA Local Guide
Lake Elsinore wildflowers by Jim_Sneddon is licensed under CC BY 2.0
How much does it cost to rent an apartment in Lake Elsinore?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lake Elsinore Studio Apartments | $1,800 | $1,800 | $1,800 |
| Cheap Lake Elsinore 1 Bedroom Apartments | $2,120 | $1,600 | $2,568 |
| Cheap Lake Elsinore 2 Bedroom Apartments | $2,836 | $1,930 | $2,965 |
| Cheap Lake Elsinore 3 Bedroom Apartments | $3,020 | $2,425 | $3,075 |
Browse Top Apartments in Lake Elsinore
See all Apartments in Lake ElsinoreExplore Lake Elsinore
Lake Elsinore, CA Local Guide
Written By:
Staff Writer Local Guide Expert
- Lake Elsinore Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lake Elsinore, CA
Pricing Updated: 11/08/2025Current apartment rentals in the Lake Elsinore, CA area range in price from $1,600 to $3,075 with an overall median price of $2,829. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Horsethief Canyon at $1,855, Alberhill Ranch at $1,855, and Country Club Heights at $1,600. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lake Elsinore Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Horsethief Canyon | $2,425 | $1,855 | 3 |
| Alberhill Ranch | $2,522 | $1,855 | 23 |
| Country Club Heights | $2,522 | $1,600 | 25 |
| Country Club Heights Lakeland | $2,522 | $1,600 | 12 |
| Fox & Jacobs at Rosetta Canyon | $3,038 | $1,600 | 17 |
| Lake Elsinore Hills | $3,038 | $1,600 | 20 |
| Santa Rosa by Fox & Jacobs at Rosetta Canyon | $3,038 | $1,600 | 17 |
| Tuscany Hills | $3,038 | $1,600 | 20 |
| Alderbrook at Canyon Hills | $3,075 | $1,875 | 206 |
| Brookview Terrace | $3,075 | $1,875 | 206 |
Cheapest Available Lake Elsinore Apartments for Rent
The cheapest available apartment rental in Lake Elsinore, CA is a 2 Beds unit found at Sierra Vista Apartments in the Horsethief Canyon neighborhood priced from $1,775. Grand Oaks Apartments in the Outer SW Riverside County Temecula neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,835. Here is today’s list of the most affordable Lake Elsinore apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sierra Vista Apartments | 2 Bed 1 Bath upstairs | 2BR,1BA | $1,775 |
| Grand Oaks Apartments | 2 Bed 1.5 Bath | 2BR,1BA | $1,835 |
| Lakehouse Apartments | 1x1 | 1BR,1BA | $1,855 |
| Ridgestone | A1 | 1BR,1BA | $1,936 |
| Rivers Edge | The Californian | 1BR,1BA | $1,943 |
| Boulders Menifee | 2D- 1st Floor (115-116) | 1BR,1BA | $1,995 |
Best Value Apartments for Rent in Lake Elsinore, CA
As of November 08, 2025 the best value apartment in the Lake Elsinore area is the $2.09 price per square foot 2 Bed 1.5 Bath Model at Grand Oaks Apartments in the in the Outer SW Riverside County Temecula neighborhood starting from $1,835. The second greatest value Lake Elsinore apartment is the Marina Model at Shoreline Apartments starting at $2,199 with a $2.53 price per square foot in the Alberhill Ranch neighborhood. Here is today’s list of the best values for Lake Elsinore apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grand Oaks Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $2.09 |
| Shoreline Apartments | Marina | 2BR,1.5BA | $2.53 |
| Sierra Vista Apartments | 2 Bed 1 Bath yard | 2BR,1BA | $2.17 |
| Rivers Edge | The Cottage | 1BR,1BA | $2.64 |
| Ridgestone | A1 | 1BR,1BA | $2.63 |
| 16911 Glenetta Way, Unit 2 | 16911 Glenetta Way | 1BR,1BA | $2.24 |
| 29902 Western Front Dr, Unit Casitas | 29902 Western Front Dr | 1BR,1BA | $2.68 |
| 240 E Graham Ave, Unit 12 | 240 E Graham Ave | 1BR,1BA | $2.46 |
| Lakehouse Apartments | 1x1 | 1BR,1BA | $2.90 |
| 18173 Brightman Ave, Unit A | 18173 Brightman Ave | Studio ,1BA | $3.00 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
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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!
Best Local Schools in Lake Elsinore, CA
Cottonwood Canyon Elementary
Lake Elsinore Unified School District
Public School - Grades K-5 (789)
7 out of 10
Temescal Canyon High
Lake Elsinore Unified School District
Public School - Grades 9-12 (2176)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Elsinore, CA Rentals by Map
See the most popular apartments and homes in Lake Elsinore, CA
Getting Around Lake Elsinore, CA
Walk Score®
40 / 100
Car-Dependent
Most errands require a car
Bike Score®
30 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,855 at Lakehouse 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 $1,775 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 $2,425.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.