
Cheap Apartments for Rent in Lake Elsinore, CA from $400 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Elsinore.

Lake Elsinore, CA Local Guide

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 |
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Lake Elsinore, CA Local Guide

- 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
Temescal Canyon High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $1,979 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.