Cheap Homes for Rent in Lake Elsinore, CA from $900 (5 Rentals)

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Lake Elsinore, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Elsinore, CA

Pricing Updated: 04/12/2025

Current apartment rentals in the Lake Elsinore, CA area range in price from $950 to $12,000 with an overall median price of $4,158. The three Lake Elsinore neighborhoods with the lowest median rent pricing are Country Club Heights at $1,695, Alberhill Ranch at $1,695, and Horsethief Canyon at $1,695. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Lake Elsinore Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Country Club Heights$2,597$1,6955
Alberhill Ranch$2,840$1,6956
Horsethief Canyon$3,245$1,69510
Tuscany Hills$3,745$3,7451
Alderbrook at Canyon Hills$4,000$95017
Brookview Terrace$4,000$95017
Fox & Jacobs at Rosetta Canyon$4,000$1,0008
Lake Elsinore Hills$6,499$1,0008
Santa Rosa by Fox & Jacobs at Rosetta Canyon$6,499$1,0007

Cheapest Available Lake Elsinore Apartments for Rent

 

The cheapest available apartment rental in Lake Elsinore, CA is a 1 Bed unit found at Rivers Edge in the Santa Rosa by Fox & Jacobs at Rosetta Canyon neighborhood priced from $1,928. 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 ListingModel NameBed/BathPriced From
Rivers EdgeThe Californian1BR,1BA$1,928
Boulders Menifee2D- 1st Floor (115-116)1BR,1BA$1,995
Shoreline ApartmentsAlcove2BR,1BA$1,999

Best Value Apartments for Rent in Lake Elsinore, CA

As of April 12, 2025 the best value apartment in the Lake Elsinore area is the $2.30 price per square foot Alcove Model at Shoreline Apartments in the in the Fox & Jacobs at Rosetta Canyon neighborhood starting from $1,999. 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.
Shoreline ApartmentsAlcove2BR,1.5BA$2.30
Lakehouse Apartments2x12BR,1BA$2.53
Rivers EdgeThe Cottage1BR,1BA$2.72
RidgestoneA11BR,1BA$2.85
Boulders Menifee2A-ALT- 1st Floor (101)1BR,1BA$3.18

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Frequently Asked Questions about Lake Elsinore

What type of rentals are currently available in Lake Elsinore?

There are currently 149 Apartments for Rent in Lake Elsinore, CA with pricing that ranges from $1,800 to $3,619. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Elsinore ranging from $950 to $12,000.

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 $950 to $12,000 with an average monthly rent of $2,783.

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.

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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.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.

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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.