27203 Peach St
PerrisCA92570
Cheap Homes for Rent in Lake Elsinore, CA from $1,200 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Elsinore.
675 Woodcrest Dr, Unit 675 Woodcrest Drive unit B, Unit 675 Woodcrest Drive unit B
675 Woodcrest Dr
Lake ElsinoreCA92530
33244 Churchill St
Lake ElsinoreCA92530
150 E Lakeshore Dr, Unit 55+
150 E Lakeshore Dr
Lake ElsinoreCA92530
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.
150 E Lakeshore Dr, Unit 55plusSeniorEndUnit, Unit 55plusSeniorEndUnit
150 E Lakeshore Dr
Lake ElsinoreCA92530
17291 Akley St, Unit B, Unit B
17291 Akley St
Lake ElsinoreCA92530
53193 Trailing Rose Dr
Lake ElsinoreCA92532
29984 Big Range Rd
Canyon LakeCA92587
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$1,7951 Bedroom Apartments Available Now
16840 Bell Ave, Unit 8
16840 Bell AveLake Elsinore, CA 92530
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.
16840 Bell Ave, Unit 1, Unit 1
16840 Bell Ave
Lake ElsinoreCA92530
31133 Antares St
MenifeeCA92584
309 W Heald Ave
Lake ElsinoreCA92530
17650 Grand Ave
Lake ElsinoreCA92530
26221 Painted Daisy Cir
MenifeeCA92584
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.
590 Parkview Dr
Lake ElsinoreCA92530
Showing Results 1-16, Page 1 of 1
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 | $2,079 | $1,500 | $2,400 |
| Lake Elsinore 3 Bedroom Homes for Rent | $2,805 | $1,300 | $3,300 |
| Lake Elsinore 4 Bedroom Homes for Rent | $3,424 | $2,095 | $6,000 |
| Lake Elsinore 5 Bedroom Homes for Rent | $3,347 | $3,200 | $3,495 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Lake Elsinore
Explore Lake Elsinore
Lake Elsinore, CA Local Guide
- Lake Elsinore Neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lake Elsinore, CA
Pricing Updated: 05/07/2026Current apartment rentals in the Lake Elsinore, CA area range in price from $1,200 to $4,000 with an overall median price of $3,087. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Tuscany Hills at $1,775, Country Club Heights Lakeland at $1,500, and Country Club Heights at $1,300. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lake Elsinore Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Tuscany Hills | $1,775 | $1,775 | 1 |
| Country Club Heights Lakeland | $2,837 | $1,500 | 6 |
| Country Club Heights | $3,100 | $1,300 | 4 |
| Alberhill Ranch | $3,200 | $1,300 | 4 |
| Fox & Jacobs at Rosetta Canyon | $3,200 | $1,200 | 12 |
| Lake Elsinore Hills | $3,200 | $1,200 | 12 |
| Santa Rosa by Fox & Jacobs at Rosetta Canyon | $3,225 | $1,200 | 8 |
| Brookview Terrace | $3,347 | $1,775 | 17 |
| Alderbrook at Canyon Hills | $3,495 | $1,775 | 15 |
| Horsethief Canyon | $3,500 | $1,300 | 6 |
Cheapest Available Lake Elsinore Apartments for Rent
The cheapest available apartment rental in Lake Elsinore, CA is a 1 Bed unit found at Ridgestone in the Santa Rosa by Fox & Jacobs at Rosetta Canyon neighborhood priced from $1,883. Boulders Menifee in the Ashton Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,995. Here is today’s list of the most affordable Lake Elsinore apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgestone | A1 | 1BR,1BA | $1,883 |
| Boulders Menifee | 2D- 1st Floor (115-116) | 1BR,1BA | $1,995 |
| Rivers Edge | The Californian | 1BR,1BA | $2,037 |
| Grand Oaks Apartments | 3 Bed 2 Bath | 3BR,2BA | $2,135 |
| Shoreline Apartments | Lakeside | 3BR,2BA | $2,775 |
Best Value Apartments for Rent in Lake Elsinore, CA
As of May 07, 2026 the best value apartment in the Lake Elsinore area is the $2.59 price per square foot Lakeside Model at Shoreline Apartments in the in the Alberhill Ranch neighborhood starting from $2,775. The second greatest value Lake Elsinore apartment is the 1A-2nd or 3rd floor (213,214,313, 314) Model at Boulders Menifee starting at $2,245 with a $2.82 price per square foot in the Ashton Hills 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. |
|---|---|---|---|
| Shoreline Apartments | Lakeside | 3BR,2BA | $2.59 |
| Boulders Menifee | 1A-2nd or 3rd floor (213,214,313, 314) | 1BR,1BA | $2.82 |
| Rivers Edge | The Californian | 1BR,1BA | $2.61 |
| Ridgestone | A1 | 1BR,1BA | $2.54 |
| 26266 Cherry Plum, Unit ADU | 26266 Cherry Plum | 1BR,1BA | $4.10 |
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.
Read Article
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, CAPopulation: 68,183
Ranked #535
in US Census Population by City
Best Local Schools in Lake Elsinore, CA
Rice Canyon Elementary
Lake Elsinore Unified School District
Public School - Grades K-5 (596)
7 out of 10
Temescal Canyon High
Lake Elsinore Unified School District
Public School - Grades 9-12 (2373)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Elsinore, CA Rentals by Map
See the most popular apartments and homes in Lake Elsinore, CA
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 $1,295 to $3,584. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elsinore ranging from $1,200 to $6,000.
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 $1,200 to $6,000 with an average monthly rent of $2,491.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.