Cheap Homes for Rent in Lake Elsinore, CA from $700 (6 Rentals)

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

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: 06/23/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Country Club Heights Lakeland$2,510$1,0004
Alderbrook at Canyon Hills$3,075$1,0004
Brookview Terrace$3,075$1,0004
Fox & Jacobs at Rosetta Canyon$3,600$1,20017
Lake Elsinore Hills$3,600$1,20018
Santa Rosa by Fox & Jacobs at Rosetta Canyon$3,600$1,20017
Alberhill Ranch$3,800$1,97519
Country Club Heights$3,800$1,97520
Horsethief Canyon$4,500$2,0755

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 ListingModel NameBed/BathPriced From
Grand Oaks Apartments2 Bed 1.5 Bath2BR,1BA$1,710
RidgestoneA21BR,1BA$2,043
Lakehouse Apartments2x12BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Rivers EdgeThe Foursquare2BR,2BA$2.30
Grand Oaks Apartments2 Bed 1.5 Bath2BR,1.5BA$1.94
Shoreline ApartmentsMarina2BR,1.5BA$2.47
Lakehouse Apartments2x12BR,1BA$2.41
RidgestoneA11BR,1BA$2.78

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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.

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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.

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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.

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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.

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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.