29 rentals in Lake Elsinore
Lake Elsinore is centered around its namesake natural lake offering water sports and recreation. Features affordable housing, skydiving, and hot springs.
Today, Lake Elsinore has 29 homes for rent at a median rent of $3,000/mo, typically leasing in about 19 days. Families here choose from 1 schools rated 8 or higher on the Topfind School Score.
Powered by the Topfind School Score
Median Rent
$2,800/mo
↓ 5.1% over the past yearMonths of Rental Inventory
Estimated time to lease all rentals at the current leasing pace
0.1 months of supply
Landlord's MarketWith only 29 active rentals, supply is tight.
What this means for renters
Rental inventory is tight relative to how many homes get leased each month—fewer options, and well-priced units draw competition. Rentals typically lease in ~19 days.
Rental Velocity
How fast rentals are leasing
Rentals are leasing quickly—be prepared to apply fast when you find a good fit. Leasing 68% faster than 6 months ago.
Rental Inventory Distribution
Rentals are being leased quickly—most listings move within 30 days, signaling strong renter demand.
Housing Tenure in Lake Elsinore
Homeownership is significantly higher than average—this is a homeowner-dominated market with more long-term residents.
72%
Homeowners
28%
Renters
Homeownership is 16.5% higher than the California average (55.5%)
20,416 households (2023)
Affordability Snapshot
Typical rent
$3,000/mo
Median rent
Affordable budget (30%)
$2,413/mo
Based on median income
Median household income
$8,044/mo
Lake Elsinore
Typical rent costs about 37% of the median household's income.
The standard recommendation is to spend ≤30% of income on rent.
Income needed to afford typical rent comfortably
$120K/year
Assumes rent ≤30% of income
Median Rent by Bedroom
Rent increases significantly with bedroom count—larger units command premium prices.
Each additional bedroom adds about $849.75/mo to rent on average, with larger units commanding higher premiums.
Largest increase: 1 → 2 bedrooms (+$1,233/mo)
Rent Reductions
8 listings have reduced their rent
28% of active listings
Average reduction: 16.8% (~$504/mo)
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