Cheap Homes for Rent in Lake Elsinore, CA from $1,400 (18 Rentals)

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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.

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Lake Elsinore, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Elsinore, CA

Pricing Updated: 01/05/2026

Current apartment rentals in the Lake Elsinore, CA area range in price from $1,695 to $3,075 with an overall median price of $2,693. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Horsethief Canyon at $1,695, Country Club Heights at $1,695, and Alberhill Ranch at $1,695. 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
Horsethief Canyon$2,425$1,6954
Country Club Heights$2,473$1,69523
Alberhill Ranch$2,522$1,69522
Country Club Heights Lakeland$2,522$1,85511
Fox & Jacobs at Rosetta Canyon$2,647$1,69513
Lake Elsinore Hills$2,647$1,88017
Santa Rosa by Fox & Jacobs at Rosetta Canyon$2,647$1,88012
Tuscany Hills$2,899$1,88016
Alderbrook at Canyon Hills$3,075$1,8905
Brookview Terrace$3,075$1,8905

Cheapest Available Lake Elsinore Apartments for Rent

 

The cheapest available apartment rental in Lake Elsinore, CA is a 2 Beds unit found at Sierra Vista Apartments in the Horsethief Canyon neighborhood priced from $1,825. Grand Oaks Apartments in the Outer SW Riverside County Temecula neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,835. Here is today’s list of the most affordable Lake Elsinore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sierra Vista Apartments2 Bed 1 Bath yard2BR,1BA$1,825
Grand Oaks Apartments2 Bed 1.5 Bath2BR,1BA$1,835
Lakehouse Apartments1x11BR,1BA$1,855
Shoreline ApartmentsBay1BR,1BA$1,855
RidgestoneA11BR,1BA$1,880

Best Value Apartments for Rent in Lake Elsinore, CA

As of January 06, 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 2 Bed 1 Bath yard Model at Sierra Vista Apartments starting at $1,825 with a $2.17 price per square foot in the Horsethief Canyon 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
Sierra Vista Apartments2 Bed 1 Bath yard2BR,1BA$2.17
Rivers EdgeThe Californian1BR,1BA$2.42
RidgestoneA11BR,1BA$2.54
Shoreline ApartmentsBay1BR,1BA$2.77
Lakehouse Apartments1x11BR,1BA$2.90
Boulders Menifee2A-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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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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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

Explore Lake Elsinore, CA Rentals by Map

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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 $1,695 to $3,075. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elsinore ranging from $1,445 to $7,899.

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 $1,445 to $7,899 with an average monthly rent of $3,315.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!