14809 Hidden Palm Ct
Lake ElsinoreCA92530
Cheap Apartments for Rent in Lake Elsinore, CA from $1,150 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Elsinore.
1800 E Lakeshore Dr, Unit 1008
1800 E Lakeshore Dr
Lake ElsinoreCA92530
119 E Prospect St
Lake ElsinoreCA92530
200 E Graham Ave
Lake ElsinoreCA92530
150 E Lakeshore Dr, Unit 55+
150 E Lakeshore Dr
Lake ElsinoreCA92530
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$1,600
Total Monthly Price
Base Rent$1,600
Total Monthly Price$1,600
240 E Graham Ave, Unit 12
240 E Graham 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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$1,821 - $2,5701 to 2 Bedroom Apartments Available Now
Rivers Edge
2088 E Lakeshore DrLake Elsinore, CA 92530
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$1,845 - $2,4951 to 3 Bedroom Apartments Available Now
Lakehouse Apartments
15195 Lincoln StLake Elsinore, CA 92530
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Rent Specials
$1,883 - $9,375
Total Monthly Price
Base Rent$1,883 - $9,375
Total Monthly PriceVaries
Ridgestone
39415 Ardenwood WayLake Elsinore, CA 92532
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1 to 3 Bedroom Apartments
Pottery Court Apartments
295 W Sumner AveLake Elsinore, CA 92530
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2 to 3 Bedroom Apartments
Cottages at Mission Trail
32675 Mission TrlLake Elsinore, CA 92530
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1 to 2 Bedroom Apartments
Mountain Ridge Apartments
1410 Morro WayLake 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.
32982 Maiden Ln
Lake ElsinoreCA92530
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1 to 3 Bedroom Apartments
Walnut Grove Apartments
16460 Joy StLake Elsinore, CA 92530
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1 to 3 Bedroom Apartments
Grand Oaks Apartments
15190 Grand AveLake Elsinore, CA 92530
150 E Lakeshore Dr
Lake ElsinoreCA92530
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1 to 3 Bedroom Apartments
Sierra Vista Apartments
15177 Lincoln StLake Elsinore, CA 92530
30639 Champion Dr
Canyon LakeCA92587
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.
21815 Silver Run Cir
WildomarCA92595
29272 Murrieta Rd
MenifeeCA92586
Showing Results 1-20, Page 1 of 1
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 | $1,150 | $1,150 | $1,150 |
| Cheap Lake Elsinore 1 Bedroom Apartments | $2,068 | $1,200 | $2,405 |
| Cheap Lake Elsinore 2 Bedroom Apartments | $2,663 | $1,990 | $2,745 |
| Cheap Lake Elsinore 3 Bedroom Apartments | $2,907 | $2,445 | $3,250 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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
Cheapest Neighborhoods for Apartments in Lake Elsinore, CA
Pricing Updated: 09/03/2026Current apartment rentals in the Lake Elsinore, CA area range in price from $1,150 to $3,250 with an overall median price of $2,451. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Horsethief Canyon at $1,990, Country Club Heights Lakeland at $2,099, and Alberhill Ranch at $2,120. 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 | $1,990 | $1,845 | 3 |
| Country Club Heights Lakeland | $2,099 | $1,600 | 8 |
| Alberhill Ranch | $2,120 | $1,845 | 29 |
| Country Club Heights | $2,120 | $1,600 | 31 |
| Fox & Jacobs at Rosetta Canyon | $2,120 | $1,150 | 29 |
| Lake Elsinore Hills | $2,120 | $1,150 | 35 |
| Santa Rosa by Fox & Jacobs at Rosetta Canyon | $2,120 | $1,150 | 29 |
| Tuscany Hills | $2,120 | $1,600 | 32 |
| Alderbrook at Canyon Hills | $2,745 | $1,830 | 111 |
| Brookview Terrace | $2,745 | $1,830 | 111 |
Cheapest Available Lake Elsinore Apartments for Rent
The cheapest available apartment rental in Lake Elsinore, CA is a 1 Bed unit found at Rivers Edge in the Brookview Terrace neighborhood priced from $1,821. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rivers Edge | The Californian | 1BR,1BA | $1,821 |
| Sierra Vista Apartments | 2 Bed 1 Bath upstairs | 2BR,1BA | $1,825 |
| Grand Oaks Apartments | 2 Bed 1.5 Bath | 2BR,1BA | $1,835 |
| Lakehouse Apartments | 1x1 | 1BR,1BA | $1,845 |
| Ridgestone | A2 | 1BR,1BA | $1,883 |
Best Value Apartments for Rent in Lake Elsinore, CA
As of September 03, 2026 the best value apartment in the Lake Elsinore area is the $2.26 price per square foot 2 bed, 2 bath Model at Graham Ave in the in the Santa Rosa by Fox & Jacobs at Rosetta Canyon neighborhood starting from $1,995. The second greatest value Lake Elsinore apartment is the 2 Bed 1.5 Bath Model at Grand Oaks Apartments starting at $1,835 with a $2.09 price per square foot in the Outer SW Riverside County Temecula 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. |
|---|---|---|---|
| Graham Ave | 2 bed, 2 bath | 2BR,2BA | $2.26 |
| Grand Oaks Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $2.09 |
| Sierra Vista Apartments | 2 Bed 1 Bath upstairs | 2BR,1BA | $2.17 |
| Ridgestone | A5 | 1BR,1BA | $2.49 |
| Rivers Edge | The Californian | 1BR,1BA | $2.33 |
| Shoreline Apartments | Bay | 1BR,1BA | $2.98 |
| 240 E Graham Ave, Unit 12 | 240 E Graham Ave | 1BR,1BA | $2.46 |
| Lakehouse Apartments | 1x1 | 1BR,1BA | $2.88 |
| Boulders Menifee | 2A-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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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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, CAPopulation: 68,183
Ranked #535
in US Census Population by City
Best Local Schools in Lake Elsinore, CA
Rice Canyon Elementary
Lake Elsinore Unified School District
Public School - Grades K-5 (596)
7 out of 10
Temescal Canyon High
Lake Elsinore Unified School District
Public School - Grades 9-12 (2373)
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
Frequently Asked Questions about Cheap Lake Elsinore Apartments
What is the price of a cheap apartment in Lake Elsinore?
The cheapest apartment in Lake Elsinore is Rivers Edge which is listed at $1,821, while the average apartment in Lake Elsinore costs $2,451.
What types of apartments are the cheapest in Lake Elsinore?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 30 regular apartments in Lake Elsinore that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Elsinore?
Cheap apartments in Lake Elsinore have an average cost of $534 which is $1,917 cheaper than the average rent for all rentals in Lake Elsinore.
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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.