200 E Graham Ave
Lake ElsinoreCA92530
Cheap Apartments for Rent in Lake Elsinore, CA from $400 (4 Rentals)
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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 | $2,104 | $1,200 | $2,483 |
| Cheap Lake Elsinore 2 Bedroom Apartments | $2,834 | $2,075 | $2,965 |
| Cheap Lake Elsinore 3 Bedroom Apartments | $3,061 | $2,499 | $3,800 |
Browse Top Apartments in Lake Elsinore
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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: 07/07/2025Current apartment rentals in the Lake Elsinore, CA area range in price from $1,200 to $3,075 with an overall median price of $2,577. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Horsethief Canyon at $1,695, Lake Elsinore Hills at $1,200, and Alberhill Ranch at $1,695. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Lake Elsinore Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Horsethief Canyon | $2,075 | $1,695 | 1 |
| Lake Elsinore Hills | $2,420 | $1,200 | 21 |
| Alberhill Ranch | $2,510 | $1,695 | 21 |
| Country Club Heights | $2,510 | $1,695 | 22 |
| Country Club Heights Lakeland | $2,510 | $1,550 | 5 |
| Fox & Jacobs at Rosetta Canyon | $2,511 | $1,200 | 20 |
| Santa Rosa by Fox & Jacobs at Rosetta Canyon | $2,511 | $1,200 | 20 |
| Alderbrook at Canyon Hills | $3,075 | $1,961 | 1 |
| Brookview Terrace | $3,075 | $1,961 | 1 |
Best Value Apartments for Rent in Lake Elsinore, CA
As of July 07, 2025 the best value apartment in the Lake Elsinore area is the $2.14 price per square foot The Foursquare Model at Rivers Edge in the in the Brookview Terrace neighborhood starting from $2,364. The second greatest value Lake Elsinore apartment is the 3 Bed 2 Bath Model at Grand Oaks Apartments starting at $2,135 with a $2.09 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. |
|---|---|---|---|
| Rivers Edge | The Foursquare | 2BR,2BA | $2.14 |
| Grand Oaks Apartments | 3 Bed 2 Bath | 3BR,2BA | $2.09 |
| 415 Ellis St, Unit A | 415 Ellis St | 2BR,2BA | $2.33 |
| Shoreline Apartments | Marina | 2BR,1.5BA | $2.47 |
| Lakehouse Apartments | 2x1 | 2BR,1BA | $2.41 |
| Ridgestone | A1 | 1BR,1BA | $2.67 |
| 16911 Glenetta Way, Unit 3 | 16911 Glenetta Way | 1BR,1BA | $2.12 |
| 18173 Brightman Ave, Unit A | 18173 Brightman Ave | Studio ,1BA | $3.00 |
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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)
6 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
Lake Elsinore, CA Apartments MapLake Elsinore, CA Rental Homes MapGetting 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 $1,979 at Ridgestone.
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 $1,710 at Grand Oaks Apartments.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.