Average Rent in Lake Elsinore, CA

Home » CA » Lake Elsinore

Current Versus Historical Lake Elsinore, CA Rents

Lake Elsinore rentals average $1,850 for a 1-bedroom rental to $3,400 for a 4-bedroom rental. The median price of all currently available listings is $3,100, or roughly $20 per square feet.

For the apartment units and housing in August 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $38 (2.16%) year-over-year from $1,762 to $1,800. 1-bedroom rentals prices have increased by $67 (4.91%) year-over-year from $1,358 to $1,425. 2-bedroom rentals prices have decreased by $440 (-20.10%) year-over-year from $2,190 to $1,750. 3-bedroom rentals prices have increased by $116 (4.03%) year-over-year from $2,874 to $2,990. 4-bedroom rentals prices have increased by $35 (1.03%) year-over-year from $3,413 to $3,448. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 13.64% this month. 2-bedroom rents have gone down by 15.17% this month. 3-bedroom rents have gone up by 2.72% this month. 4-bedroom rents have gone up by 3.30% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$36.88	$1,425	$1,358 (4.91%)	$1,340 (6.34%)
2 BR	$24.71	$1,750	$2,190 (-20.10%)	$1,900 (-7.92%)
3 BR	$21.64	$2,990	$2,874 (4.03%)	$2,649 (12.87%)
4+ BR	$17.57	$3,448	$3,413 (1.03%)	$3,132 (10.06%)

Historical Rents in Lake Elsinore, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lake Elsinore

There are a total of 10 cities nearby Lake Elsinore. The average rent in Lake Elsinore is currently $3,450 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Hemet, CA, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Lake Elsinore, CA is San Clemente, CA. Monthly rents here are on average $4,850 per month.

Let's compare Lake Elsinore, CA's rent against other top cities nearby by bedroom size. One bedrooms are about 11.42% more affordable. Two bedrooms in Lake Elsinore, CA are about 33.95% more affordable. Finally, rent for three bedrooms are about 10.48% more affordable. Want more information? Check out the top 10 cities near Lake Elsinore, CA in the following table.

City	Studio	1 Bed	2 Bed	All
Hemet, CA	$1,616	$1,475	$1,700	$2,000
Menifee, CA	$1,995	$1,445	$2,298	$2,800
Moreno Valley, CA	$1,425	$1,725	$2,290	$3,000
Murrieta, CA	N/A	$2,675	$2,674	$3,195
Temecula, CA	N/A	N/A	$2,375	$3,400
Corona, CA	$1,850	$1,823	$2,550	$3,500
Rancho Santa Margarita, CA	N/A	$2,577	$2,967	$4,200
Lake Forest, CA	$2,175	$2,348	$3,120	$4,350
Mission Viejo, CA	N/A	$2,300	$3,647	$4,500
San Clemente, CA	$2,900	$2,650	$3,700	$4,850

Top Neighborhoods Near Lake Elsinore

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Lake Elsinore

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Lake Elsinore

There are a total of 7 zipcodes in or near Lake Elsinore, CA. The average rent for all of these zipcodes is $3,980. One zipcode has an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92562, Riverside County, CA at $3,100 per month. In comparison, the zipcode with the most expensive average rent of $4,500 per month is 92630, Lake Forest, CA.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Lake Elsinore, CA is $2,200 per month. Or in other words, $39 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,838 per month. Which comes out to $28 per sqft. The following table includes the top 7 zipcodes in Lake Elsinore, CA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
92672, San Clemente, CA	$2,900	$2,650	$3,900	$4,450
92562, Riverside County, CA	N/A	$2,675	$2,838	$3,100
92692, Mission Viejo, CA	N/A	$2,402	$3,750	$4,500
92563, Murrieta, CA	N/A	$1,800	$2,350	$3,295
92592, Riverside County, CA	$1,695	N/A	$2,325	$3,700
92630, Lake Forest, CA	$2,175	$2,200	$2,998	$4,500
92880, Riverside County, CA	N/A	$1,725	$2,350	$3,980

Frequently Asked Questions - Lake Elsinore Average Rents

What is the average rent price in Lake Elsinore, CA?

The average monthly rental price for Lake Elsinore, CA apartments for rent is approximately $3,100. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lake Elsinore, CA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Lake Elsinore, CA.

How much is a one bedroom apartment in Lake Elsinore, CA?

The average monthly rental price for one bedroom apartments is $1,850 and an average price per square feet of $36.88. There are a total of 3 one bedroom apartment listings currently available for rent in Lake Elsinore.

How much is a two bedroom apartment in Lake Elsinore, CA?

The average monthly rental price for two bedroom apartments is $1,950 and an average price per square feet of $24.71. There are a total of 8 two bedroom apartment listings currently available for rent in Lake Elsinore.

How have rent prices in Lake Elsinore, CA changed this year?

Rent prices for rentals in Lake Elsinore, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.02%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by -0.20%, three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in Lake Elsinore, CA?

A reasonable rent price in Lake Elsinore, CA is around $2,480/month. You can search for these reasonably priced rental listings on RentHop.