Cheap Homes for Rent in Lake Elsinore, CA from $800 (13 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.

Lake Elsinore, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Elsinore, CA

Pricing Updated: 11/21/2025

Current apartment rentals in the Lake Elsinore, CA area range in price from $1,600 to $3,188 with an overall median price of $2,904. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Horsethief Canyon at $1,855, Country Club Heights Lakeland at $1,600, and Alberhill Ranch at $1,855. 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$1,8553
Country Club Heights Lakeland$2,522$1,60015
Alberhill Ranch$2,755$1,85530
Country Club Heights$2,755$1,60032
Elsinore Eucalyptus$2,988$1,85524
Alderbrook at Canyon Hills$3,075$1,8756
Brookview Terrace$3,075$1,8756
Fox & Jacobs at Rosetta Canyon$3,088$1,60023
Lake Elsinore Hills$3,088$1,60028
Santa Rosa by Fox & Jacobs at Rosetta Canyon$3,088$1,60023

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 $1,775. Lakehouse Apartments in the Horsethief Canyon neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,855. 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 upstairs2BR,1BA$1,775
Lakehouse Apartments1x11BR,1BA$1,855
RidgestoneA11BR,1BA$1,883
Rivers EdgeThe Californian1BR,1BA$1,982
Boulders Menifee2D- 1st Floor (115-116)1BR,1BA$1,995

Best Value Apartments for Rent in Lake Elsinore, CA

As of November 21, 2025 the best value apartment in the Lake Elsinore area is the $2.17 price per square foot 2 Bed 1 Bath yard Model at Sierra Vista Apartments in the in the Horsethief Canyon neighborhood starting from $1,825. The second greatest value Lake Elsinore apartment is the The Californian Model at Rivers Edge starting at $1,982 with a $2.54 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.
Sierra Vista Apartments2 Bed 1 Bath yard2BR,1BA$2.17
Rivers EdgeThe Californian1BR,1BA$2.54
RidgestoneA11BR,1BA$2.54
16911 Glenetta Way, Unit 216911 Glenetta Way1BR,1BA$2.24
29902 Western Front Dr, Unit Casitas29902 Western Front Dr1BR,1BA$2.68
Shoreline ApartmentsBay1BR,1BA$3.02
240 E Graham Ave, Unit 12240 E Graham Ave1BR,1BA$2.46
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

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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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 $1,600 to $3,076. There are also 79 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elsinore ranging from $890 to $7,499.

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 $890 to $7,499 with an average monthly rent of $3,153.

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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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! 

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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.