
Cheap Homes for Rent in Lake Elsinore, CA from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Elsinore.


29422 Wildcat Canyon Rd

29411 Meadow
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.

31766 Canyon Ridge Dr

3963 Ash St

33792 Harvest Way E
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

How much does it cost to rent a home in Lake Elsinore?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Elsinore 2 Bedroom Homes for Rent | $2,479 | $1,995 | $2,950 |
Lake Elsinore 3 Bedroom Homes for Rent | $3,575 | $1,000 | $6,500 |
Lake Elsinore 4 Bedroom Homes for Rent | $3,236 | $3,000 | $3,500 |
Lake Elsinore 5 Bedroom Homes for Rent | $4,997 | $3,995 | $5,999 |
Browse Top Homes for Rent in Lake Elsinore
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Lake Elsinore, CA Local Guide
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Cheapest Neighborhoods for Apartments in Lake Elsinore, CA
Pricing Updated: 06/23/2025Current apartment rentals in the Lake Elsinore, CA area range in price from $1,000 to $6,400 with an overall median price of $3,506. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Country Club Heights Lakeland at $1,000, Alderbrook at Canyon Hills at $1,000, and Brookview Terrace at $1,000. 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 |
---|---|---|---|
Country Club Heights Lakeland | $2,510 | $1,000 | 4 |
Alderbrook at Canyon Hills | $3,075 | $1,000 | 4 |
Brookview Terrace | $3,075 | $1,000 | 4 |
Fox & Jacobs at Rosetta Canyon | $3,600 | $1,200 | 17 |
Lake Elsinore Hills | $3,600 | $1,200 | 18 |
Santa Rosa by Fox & Jacobs at Rosetta Canyon | $3,600 | $1,200 | 17 |
Alberhill Ranch | $3,800 | $1,975 | 19 |
Country Club Heights | $3,800 | $1,975 | 20 |
Horsethief Canyon | $4,500 | $2,075 | 5 |
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 Alberhill Ranch neighborhood priced from $1,710. Ridgestone in the Santa Rosa by Fox & Jacobs at Rosetta Canyon neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,043. Here is today’s list of the most affordable Lake Elsinore apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Grand Oaks Apartments | 2 Bed 1.5 Bath | 2BR,1BA | $1,710 |
Ridgestone | A2 | 1BR,1BA | $2,043 |
Lakehouse Apartments | 2x1 | 2BR,1BA | $2,075 |
Best Value Apartments for Rent in Lake Elsinore, CA
As of June 23, 2025 the best value apartment in the Lake Elsinore area is the $2.30 price per square foot The Foursquare Model at Rivers Edge in the in the Brookview Terrace neighborhood starting from $2,542. The second greatest value Lake Elsinore apartment is the 2 Bed 1.5 Bath Model at Grand Oaks Apartments starting at $1,710 with a $1.94 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 | $2.30 |
Grand Oaks Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.94 |
Shoreline Apartments | Marina | 2BR,1.5BA | $2.47 |
Lakehouse Apartments | 2x1 | 2BR,1BA | $2.41 |
Ridgestone | A1 | 1BR,1BA | $2.78 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Lake Elsinore
What type of rentals are currently available in Lake Elsinore?
There are currently 150 Apartments for Rent in Lake Elsinore, CA with pricing that ranges from $1,000 to $3,800. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elsinore ranging from $750 to $6,500.
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 $750 to $6,500 with an average monthly rent of $2,831.
How much are larger Three and Four Bedroom Rentals in Lake Elsinore?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Elsinore range from $2,499 to $3,075, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $6,500. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $3,600.
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.