Cheap Homes for Rent in Lake Elsinore, CA from $1,300 (14 Rentals)

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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.

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

Cheapest Neighborhoods for Apartments in Lake Elsinore, CA

Pricing Updated: 10/05/2025

Current apartment rentals in the Lake Elsinore, CA area range in price from $1,300 to $4,450 with an overall median price of $3,130. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Alberhill Ranch at $1,950, Country Club Heights at $1,950, and Country Club Heights Lakeland at $2,080. 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
Alberhill Ranch$1,995$1,9501
Country Club Heights$1,995$1,9501
Country Club Heights Lakeland$2,100$2,0804
Tuscany Hills$3,400$3,4001
Alderbrook at Canyon Hills$3,500$1,30017
Brookview Terrace$3,500$1,30019
Lake Elsinore Hills$3,500$1,70012
Fox & Jacobs at Rosetta Canyon$3,547$1,7009
Santa Rosa by Fox & Jacobs at Rosetta Canyon$3,547$1,8007
Horsethief Canyon$4,225$1,50014

Cheapest Available Lake Elsinore Apartments for Rent

 

The cheapest available apartment rental in Lake Elsinore, CA is a 2 Beds unit found at Shoreline Apartments in the Alberhill Ranch neighborhood priced from $1,817. 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
Shoreline ApartmentsAlcove2BR,1BA$1,817
Sierra Vista Apartments2 Bed 1 Bath yard2BR,1BA$1,825
Lakehouse Apartments1x11BR,1BA$1,855
RidgestoneA11BR,1BA$1,907
Boulders Menifee2D- 1st Floor (115-116)1BR,1BA$1,995

Best Value Apartments for Rent in Lake Elsinore, CA

As of October 05, 2025 the best value apartment in the Lake Elsinore area is the $2.14 price per square foot The Craftsman Model at Rivers Edge in the in the Brookview Terrace neighborhood starting from $2,304. The second greatest value Lake Elsinore apartment is the Marina Model at Shoreline Apartments starting at $2,150 with a $2.47 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Rivers EdgeThe Craftsman2BR,2BA$2.14
Shoreline ApartmentsMarina2BR,1.5BA$2.47
Sierra Vista Apartments2 Bed 1 Bath yard2BR,1BA$2.17
RidgestoneA11BR,1BA$2.58
Lakehouse Apartments1x11BR,1BA$2.90
Boulders Menifee2A-ALT- 1st Floor (101)1BR,1BA$3.18
18173 Brightman Ave, Unit A18173 Brightman AveStudio ,1BA$3.00

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

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Frequently Asked Questions about Lake Elsinore

What type of rentals are currently available in Lake Elsinore?

There are currently 147 Apartments for Rent in Lake Elsinore, CA with pricing that ranges from $1,800 to $3,170. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elsinore ranging from $1,300 to $3,995.

What is the current price range for Rental Homes in Lake Elsinore?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Elsinore ranges from $1,300 to $3,995 with an average monthly rent of $2,528.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.