Cheap Homes for Rent in Lake Elsinore, CA from $1,100 (11 Rentals)

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

property at 33141 Case St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

Studio, 0.5 Bath Home for Rent

Available Now

33141 Case St

Lake ElsinoreCA92530

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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

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.

Lake Elsinore, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Elsinore, CA

Pricing Updated: 06/21/2026

Current apartment rentals in the Lake Elsinore, CA area range in price from $1,695 to $4,412 with an overall median price of $2,997. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Horsethief Canyon at $1,845, Country Club Heights Lakeland at $1,695, and Alberhill Ranch at $1,795. 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$2,445$1,8453
Country Club Heights Lakeland$2,522$1,69510
Alberhill Ranch$2,585$1,79521
Country Club Heights$2,585$1,79521
Alderbrook at Canyon Hills$2,995$1,921112
Brookview Terrace$2,995$1,921112
Fox & Jacobs at Rosetta Canyon$3,454$1,91817
Lake Elsinore Hills$3,454$1,91824
Santa Rosa by Fox & Jacobs at Rosetta Canyon$3,454$1,91817
Tuscany Hills$3,484$1,91823

Cheapest Available Lake Elsinore Apartments for Rent

 

The cheapest available apartment rental in Lake Elsinore, CA is a 1 Bed unit found at Grand Oaks Apartments in the Outer SW Riverside County Temecula neighborhood priced from $1,600. Lakehouse Apartments in the Horsethief Canyon neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,845. Here is today’s list of the most affordable Lake Elsinore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grand Oaks Apartments1 Bed 1 Bath1BR,1BA$1,600
Lakehouse Apartments1x11BR,1BA$1,845
RidgestoneA51BR,1BA$1,918
Rivers EdgeThe Californian1BR,1BA$1,921
Boulders Menifee2D- 1st Floor (115-116)1BR,1BA$1,995

Best Value Apartments for Rent in Lake Elsinore, CA

As of June 21, 2026 the best value apartment in the Lake Elsinore area is the $2.60 price per square foot C1 Model at Ridgestone in the in the Santa Rosa by Fox & Jacobs at Rosetta Canyon neighborhood starting from $3,454. The second greatest value Lake Elsinore apartment is the The Foursquare Model at Rivers Edge starting at $2,789 with a $2.53 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.
RidgestoneC13BR,2BA$2.60
Rivers EdgeThe Foursquare2BR,2BA$2.53
Shoreline ApartmentsBay1BR,1BA$2.98
Grand Oaks Apartments1 Bed 1 Bath1BR,1BA$2.42
Lakehouse Apartments1x11BR,1BA$2.88
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 148 Apartments for Rent in Lake Elsinore, CA with pricing that ranges from $1,695 to $4,412. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elsinore ranging from $1,150 to $7,500.

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 $1,150 to $7,500 with an average monthly rent of $2,619.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.