Cheap Homes for Rent in Lake Elsinore, CA from $800 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in Lake Elsinore.

property at 33792 Harvest Way E

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

33792 Harvest Way E

WildomarCA92595
property at 27507 Fallbrook Ct

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

27507 Fallbrook Ct

CoronaCA92883
property at 4781 Sicily Dr

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

4781 Sicily Dr

Lake ElsinoreCA92530

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.

property at 33141 Case St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

1 Bedroom, 0.5 Bath Home for Rent

Available Now

33141 Case St

Lake ElsinoreCA92530
property at 150 E Lakeshore Dr

$1,550 - $1,575

Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $1,575

Total Monthly Price
$1,550 - $1,575

1 Bedroom, 1 Bath Condo for Rent

Available Apr 1

150 E Lakeshore Dr

Lake ElsinoreCA92530
property at 53193 Trailing Rose Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Home for Rent

Available Now

53193 Trailing Rose Dr

Lake ElsinoreCA92532

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.

Lake Elsinore, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Elsinore, CA

Pricing Updated: 03/22/2026

Current apartment rentals in the Lake Elsinore, CA area range in price from $1,500 to $3,800 with an overall median price of $2,832. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Alberhill Ranch at $1,845, Country Club Heights at $1,500, and Santa Rosa by Fox & Jacobs at Rosetta Canyon at $1,500. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Lake Elsinore Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Alberhill Ranch$2,499$1,84513
Country Club Heights$2,499$1,50014
Santa Rosa by Fox & Jacobs at Rosetta Canyon$2,613$1,50012
Fox & Jacobs at Rosetta Canyon$2,643$1,50011
Lake Elsinore Hills$2,643$1,50016
Tuscany Hills$2,643$1,50016
Alderbrook at Canyon Hills$3,075$1,995144
Brookview Terrace$3,075$1,995144
Country Club Heights Lakeland$3,800$1,50010

Cheapest Available Lake Elsinore Apartments for Rent

 

The cheapest available apartment rental in Lake Elsinore, CA is a 2 Beds unit found at Grand Oaks Apartments in the Outer SW Riverside County Temecula neighborhood priced from $1,835. Shoreline Apartments in the Alberhill Ranch neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,899. Here is today’s list of the most affordable Lake Elsinore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grand Oaks Apartments2 Bed 1.5 Bath2BR,1BA$1,835
Shoreline ApartmentsBay1BR,1BA$1,899
Boulders Menifee2D- 1st Floor (115-116)1BR,1BA$1,995
RidgestoneA11BR,1BA$2,008
Rivers EdgeThe Californian1BR,1BA$2,114

Best Value Apartments for Rent in Lake Elsinore, CA

As of March 22, 2026 the best value apartment in the Lake Elsinore area is the $2.09 price per square foot 3 Bed 2 Bath Model at Grand Oaks Apartments in the in the Outer SW Riverside County Temecula neighborhood starting from $2,135. The second greatest value Lake Elsinore apartment is the The Californian Model at Rivers Edge starting at $2,114 with a $2.71 price per square foot in the Brookview Terrace 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.
Grand Oaks Apartments3 Bed 2 Bath3BR,2BA$2.09
Rivers EdgeThe Californian1BR,1BA$2.71
RidgestoneA11BR,1BA$2.71
Shoreline ApartmentsPier1BR,1BA$2.84
240 E Graham Ave, Unit 12240 E Graham Ave1BR,1BA$2.31
Boulders Menifee2A-ALT- 1st Floor (101)1BR,1BA$3.18

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The 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.

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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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Lake Elsinore, CA
Population: 68,183

Ranked #535

in US Census Population by City

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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 149 Apartments for Rent in Lake Elsinore, CA with pricing that ranges from $1,500 to $3,800. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elsinore ranging from $850 to $6,000.

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 $850 to $6,000 with an average monthly rent of $2,935.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.