Cheap Apartments for Rent in Lake Elsinore, CA from $400 (43 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Cheap Apartments in Lake Elsinore.

close
View Me
226 E Peck St
1 Bedroom Apartments

226 E Peck St

226 E Peck StLake Elsinore, CA 92530
close
View Me
Sierra Vista Apartments
1 to 3 Bedroom Apartments

Sierra Vista Apartments

15177 Lincoln StLake Elsinore, CA 92530
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

close
View Me
32986 Blackwell Blvd
Studio to 3 Bedroom Apartments

32986 Blackwell Blvd

32986 Blackwell BlvdLake Elsinore, CA 92530
close
View Me
Parkside Apartments
1 to 2 Bedroom Apartments

Parkside Apartments

442 N Kellogg StLake Elsinore, CA 92530
  • Utilities Included
close
View Me
Villa Siena
1 to 4 Bedroom Apartments

Villa Siena

31300 Auto Center DrLake Elsinore, CA 92530
  • Utilities Included
close
View Me
Lakeview Apartments
1 to 3 Bedroom Apartments

Lakeview Apartments

32209 Riverside DrLake Elsinore, CA 92530
close
View Me
17856 Grand Ave
1 to 3 Bedroom Apartments

17856 Grand Ave

17856 Grand AveLake Elsinore, CA 92530

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

close
View Me
505 W Limited Ave
2 to 3 Bedroom Apartments

505 W Limited Ave

505 W Limited AveLake Elsinore, CA 92530
close
View Me
16341-16347 Grand Ave
2 Bedroom Apartments

16341-16347 Grand Ave

16341-16347 Grand AveLake Elsinore, CA 92530
  • Utilities Included
close
View Me
Parkview Townhomes
3 to 4 Bedroom Apartments

Parkview Townhomes

597-639 Woodcrest DrLake Elsinore, CA 92530
  • Utilities Included
close
View Me
313-317 N Main St
1 to 2 Bedroom Apartments

313-317 N Main St

313-317 N Main StLake Elsinore, CA 92530
close
View Me
110-118 W Heald Ave
Studio to 2 Bedroom Apartments

110-118 W Heald Ave

110-118 W Heald AveLake Elsinore, CA 92530
close
View Me
307 N Riley St
Studio to 3 Bedroom Apartments

307 N Riley St

307 N Riley StLake Elsinore, CA 92530
close
View Me
304 S Spring St
1 to 2 Bedroom Apartments

304 S Spring St

304 S Spring StLake Elsinore, CA 92530
close
View Me
16420 W Joy St
3 Bedroom Apartments

16420 W Joy St

16420 W Joy StLake Elsinore, CA 92530
close
View Me
501 W Limited Ave
2 to 3 Bedroom Apartments

501 W Limited Ave

501 W Limited AveLake Elsinore, CA 92530
close
View Me
509 W Limited St
2 to 3 Bedroom Apartments

509 W Limited St

509 W Limited StLake Elsinore, CA 92530
close
View Me
507 W Limited Ave
2 to 3 Bedroom Apartments

507 W Limited Ave

507 W Limited AveLake Elsinore, CA 92530
close
View Me
212 N Langstaff St
2 Bedroom Apartments

212 N Langstaff St

212 N Langstaff StLake Elsinore, CA 92530
close
View Me
17586-17596 Grand Ave
Studio Apartments

17586-17596 Grand Ave

17586-17596 Grand AveLake Elsinore, CA 92530
  • Utilities Included
close
View Me
121 S Spring St
Studio to 2 Bedroom Apartments

121 S Spring St

121 S Spring StLake Elsinore, CA 92530
close
View Me
21000 Mariposa Rd
1 to 3 Bedroom Apartments

21000 Mariposa Rd

21000 Mariposa RdLake Elsinore, CA 92530
close
View Me
3681 Nashland Ave
2 to 3 Bedroom Apartments

3681 Nashland Ave

3681 Nashland AveLake Elsinore, CA 92530
close
View Me
16459 Joy St
3 Bedroom Apartments

16459 Joy St

16459 Joy StLake Elsinore, CA 92530
close
View Me
15129 Joy St
Studio Apartments

15129 Joy St

15129 Joy StLake Elsinore, CA 92530
close
View Me
503 Limited Ave
2 Bedroom Apartments

503 Limited Ave

503 Limited AveLake Elsinore, CA 92530
close
View Me
17810 Grand Ave
2 Bedroom Apartments

17810 Grand Ave

17810 Grand AveLake Elsinore, CA 92530
close
View Me
511 W Limited Ave
2 to 3 Bedroom Apartments

511 W Limited Ave

511 W Limited AveLake Elsinore, CA 92530
close
View Me
705 Quail Dr
2 to 3 Bedroom Apartments

705 Quail Dr

705 Quail DrLake Elsinore, CA 92530

Lake Elsinore, CA Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lake Elsinore, CA

Pricing Updated: 05/05/2025

Current apartment rentals in the Lake Elsinore, CA area range in price from $1,650 to $3,949 with an overall median price of $2,726. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Alberhill Ranch at $2,175, Country Club Heights at $2,175, and Santa Rosa by Fox & Jacobs at Rosetta Canyon at $1,950. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Lake Elsinore Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Alberhill Ranch$2,175$2,1751
Country Club Heights$2,175$2,1751
Santa Rosa by Fox & Jacobs at Rosetta Canyon$2,370$1,95013
Lake Elsinore Hills$2,385$1,95012
Fox & Jacobs at Rosetta Canyon$2,608$1,89515
Alderbrook at Canyon Hills$3,075$1,6507
Brookview Terrace$3,075$1,6507
Horsethief Canyon$3,949$2,1753

Cheapest Available Lake Elsinore Apartments for Rent

 

The cheapest available apartment rental in Lake Elsinore, CA is a 1 Bed unit found at Shoreline Apartments in the Fox & Jacobs at Rosetta Canyon neighborhood priced from $1,895. 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 $2,100. Here is today’s list of the most affordable Lake Elsinore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shoreline ApartmentsPier1BR,1BA$1,895
RidgestoneA21BR,1BA$2,100
Lakehouse Apartments2x12BR,1BA$2,175
Rivers EdgeThe Bungalow2BR,2BA$2,249

Best Value Apartments for Rent in Lake Elsinore, CA

As of May 05, 2025 the best value apartment in the Lake Elsinore area is the $2.11 price per square foot The Bungalow Model at Rivers Edge in the in the Santa Rosa by Fox & Jacobs at Rosetta Canyon neighborhood starting from $2,293. The second greatest value Lake Elsinore apartment is the 2x1 Model at Lakehouse Apartments starting at $2,175 with a $2.53 price per square foot in the Santa Rosa by Fox & Jacobs at Rosetta Canyon 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 Bungalow2BR,2BA$2.11
Lakehouse Apartments2x12BR,1BA$2.53
RidgestoneA11BR,1BA$2.89
Shoreline ApartmentsPier1BR,1BA$2.83
Boulders Menifee2A-ALT- 1st Floor (101)1BR,1BA$3.18

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Lake Elsinore Overview

If you’ve decided to look for Lake Elsinore apartments, then you’ve made a great decision. With a higher quality of life, a historic downtown, and many things to do and see, Lake Elsinore is a wonderful place to live. Furthermore, residents are in love with the weather in Lake Elsinore. With a very mild winter and summers that are bearable, staying comfortable is very easy in this city! And if you want to cool off, there is a gorgeous lake just minutes away and the beach is only a one-hour drive down the highway! Whether you want to raise a family or just try somewhere new after finishing college, then Lake Elsinore is a top place to call home!

Why live in Lake Elsinore, CA?

If you’ve decided to look for Lake Elsinore apartments, then you’ve made a great decision. With a higher quality of life, a historic downtown, and many things to do and see, Lake Elsinore is a wonderful place to live. Furthermore, residents are in love with the weather in Lake Elsinore. With a very mild winter and summers that are bearable, staying comfortable is very easy in this city! And if you want to cool off, there is a gorgeous lake just minutes away and the beach is only a one-hour drive down the highway! Whether you want to raise a family or just try somewhere new after finishing college, then Lake Elsinore is a top place to call home!

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Elsinore, CA Rentals by Map

View MapLake Elsinore, CA Apartments MapView MapLake Elsinore, CA Rental Homes Map

Getting Around Lake Elsinore, CA

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

30 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Lake Elsinore Apartments

How much is rent for a Cheap One Bedroom Lake Elsinore Apartment?

The lowest price for a Cheap One Bedroom Lake Elsinore Apartment is $1,895 at Shoreline Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Elsinore Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Elsinore is starting from $2,175 at Lakehouse Apartments.

What is the most affordable Lake Elsinore Three Bedroom Apartment?

The best deal on a cheap Lake Elsinore Three Bedroom Apartment rental is at Shoreline Apartments and starts from $2,695.

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.