Rentometer, Inc. | Data as of 10/22/2025
Lake Elsinore, nestled in the heart of Riverside County, offers a blend of scenic waterfront living and easy access to Southern California’s major employment hubs. Residents enjoy the expansive lake promenade, historic downtown with boutique shops and cafés, and outdoor adventures at nearby Canyon Lake and the Santa Rosa Plateau. The city’s pleasant climate, family‑friendly atmosphere, and convenient freeway connections make it an attractive destination for both professionals and retirees seeking a balanced lifestyle.
The rental market reflects this appeal, providing a diverse portfolio of apartments and single‑family homes. One‑bedroom apartments generally fall in the $1,800‑$2,000 range, while larger two‑ and three‑bedroom units trend toward the $2,200‑$2,600 brackets. For those preferring a house, two‑bedroom homes are typically priced around the $2,200‑$2,300 range, with three‑bedroom and four‑plus‑bedroom properties moving into the $3,000‑$3,400 spectrum. This variety supports a wide range of budgets and lifestyle preferences, from compact urban units to spacious suburban family homes.
Neighborhoods such as the Lake Hills, Downtown Lake Elsinore, and the historic Rancho Lakes area each offer distinct character, from vibrant nightlife to quiet, tree‑lined streets. Proximity to recreational amenities, reputable schools, and growing retail hubs enhances the city’s rental desirability. Whether you’re seeking a modern apartment steps from the lake or a larger house in a tranquil suburb, Lake Elsinore delivers a welcoming rental environment with strong community ties and convenient access to the broader Southern California region.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,885 | $1,999 | $1,395 - $2,230 | $1,695 - $2,118 |
| Apartment | 2 Bedroom | $2,177 | $2,223 | $1,595 - $2,653 | $1,850 - $2,495 |
| Apartment | 3 Bedroom | $2,603 | $2,572 | $2,135 - $3,377 | $2,425 - $2,700 |
| House | 2 Bedroom | $2,174 | $2,295 | $1,350 - $2,700 | $1,995 - $2,400 |
| House | 3 Bedroom | $2,957 | $2,950 | $1,000 - $4,800 | $2,695 - $3,250 |
| House | 4+ Bedroom | $3,425 | $3,400 | $1,750 - $7,850 | $3,195 - $3,600 |
In the current period, the average rent in Lake Elsinore was
$1,829 for 1 Bedroom,
$2,176 for 2 Bedroom,
$2,936 for 3 Bedroom, and
$3,357 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.