
Cheap Apartments for Rent in Lake Elsinore, CA from $600 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Elsinore.


Shoreline Apartments

Ridgestone

Lakehouse Apartments
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 Studio Apartments | $1,800 | $1,800 | $1,800 |
Cheap Lake Elsinore 1 Bedroom Apartments | $2,099 | $950 | $2,616 |
Cheap Lake Elsinore 2 Bedroom Apartments | $2,447 | $1,999 | $2,920 |
Cheap Lake Elsinore 3 Bedroom Apartments | $2,820 | $2,522 | $3,189 |
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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: 03/22/2025Current apartment rentals in the Lake Elsinore, CA area range in price from $950 to $3,189 with an overall median price of $2,545. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Alberhill Ranch at $2,175, Country Club Heights at $2,175, and Horsethief Canyon at $2,175. 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 | 11 |
Country Club Heights | $2,175 | $2,175 | 11 |
Horsethief Canyon | $2,175 | $2,175 | 11 |
Alderbrook at Canyon Hills | $2,467 | $1,650 | 117 |
Brookview Terrace | $2,467 | $1,650 | 117 |
Fox & Jacobs at Rosetta Canyon | $2,775 | $950 | 177 |
Lake Elsinore Hills | $3,065 | $950 | 152 |
Santa Rosa by Fox & Jacobs at Rosetta Canyon | $3,065 | $950 | 163 |
Cheapest Available Lake Elsinore Apartments for Rent
 The cheapest available apartment rental in Lake Elsinore, CA is a 1 Bed unit found at River's Edge in the Santa Rosa by Fox & Jacobs at Rosetta Canyon neighborhood priced from $1,796. Shoreline Apartments in the Fox & Jacobs at Rosetta Canyon neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,799. Here is today’s list of the most affordable Lake Elsinore apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
River's Edge | The Cottage | 1BR,1BA | $1,796 |
Shoreline Apartments | Pier | 1BR,1BA | $1,799 |
Grand Oaks Apartments | 2 Bed 1.5 Bath | 2BR,1BA | $1,835 |
Ridgestone | A2 | 1BR,1BA | $2,015 |
Lakehouse Apartments | 2x1 | 2BR,1BA | $2,175 |
Best Value Apartments for Rent in Lake Elsinore, CA
As of March 22, 2025 the best value apartment in the Lake Elsinore area is the $2.09 price per square foot 2 Bed 1.5 Bath Model at Grand Oaks Apartments in the in the Outer SW Riverside County Temecula neighborhood starting from $1,835. 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. |
---|---|---|---|
Grand Oaks Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $2.09 |
Lakehouse Apartments | 2x1 | 2BR,1BA | $2.53 |
21220 Mazie Ave, Unit 1 Bedroom Apt | 21220 Mazie Ave | 1BR,1BA | $1.19 |
River's Edge | The Cottage | 1BR,1BA | $2.42 |
Ridgestone | A1 | 1BR,1BA | $2.74 |
Shoreline Apartments | Pier | 1BR,1BA | $2.69 |
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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!
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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 $1,796 at River's Edge.
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 $1,835 at Grand Oaks 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 Ridgestone and starts from $3,065.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.