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


Ridgestone

Shoreline Apartments

Lakehouse Apartments
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.
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.
Lake Elsinore, CA Local Guide

How much does it cost to rent an apartment in Lake Elsinore?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Lake Elsinore 1 Bedroom Apartments | $2,126 | $1,895 | $2,395 |
Cheap Lake Elsinore 2 Bedroom Apartments | $2,838 | $2,175 | $2,965 |
Cheap Lake Elsinore 3 Bedroom Apartments | $3,044 | $2,522 | $3,275 |
Browse Top Apartments in Lake Elsinore
See all Apartments in Lake ElsinoreExplore Lake Elsinore
Lake Elsinore, CA Local Guide

- Lake Elsinore Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lake Elsinore, CA
Pricing Updated: 05/05/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Alberhill Ranch | $2,175 | $2,175 | 1 |
Country Club Heights | $2,175 | $2,175 | 1 |
Santa Rosa by Fox & Jacobs at Rosetta Canyon | $2,370 | $1,950 | 13 |
Lake Elsinore Hills | $2,385 | $1,950 | 12 |
Fox & Jacobs at Rosetta Canyon | $2,608 | $1,895 | 15 |
Alderbrook at Canyon Hills | $3,075 | $1,650 | 7 |
Brookview Terrace | $3,075 | $1,650 | 7 |
Horsethief Canyon | $3,949 | $2,175 | 3 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Shoreline Apartments | Pier | 1BR,1BA | $1,895 |
Ridgestone | A2 | 1BR,1BA | $2,100 |
Lakehouse Apartments | 2x1 | 2BR,1BA | $2,175 |
Rivers Edge | The Bungalow | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Rivers Edge | The Bungalow | 2BR,2BA | $2.11 |
Lakehouse Apartments | 2x1 | 2BR,1BA | $2.53 |
Ridgestone | A1 | 1BR,1BA | $2.89 |
Shoreline Apartments | Pier | 1BR,1BA | $2.83 |
Boulders Menifee | 2A-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.
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!
Best Local Schools in Lake Elsinore, CA
Cottonwood Canyon Elementary
Temescal Canyon High
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
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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.

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.

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.