The average monthly rent of apartments in Lake Elsinore, CA is $2,089.
The average monthly rent of apartments in Lake Elsinore, CA is $2,089.
Compared to the national average rent of $1,727, the average rent in Lake Elsinore, CA is $2,089.
Prices and availability in Lake Elsinore, CA were last updated on 1 Feb 2023.
The average rent in Lake Elsinore, CA is $2,089. Start your search for apartments in Lake Elsinore, CA now.
The price range for a 1-bedroom apartment in Lake Elsinore, CA is between $1,899 and $2,074. Browse all available 1-bedroom apartments in Lake Elsinore, CA now.
The price range for a 2-bedroom apartment in Lake Elsinore, CA is between $2,075 and $2,474. Browse and find a 2-bedroom apartment in Lake Elsinore, CA.
The price range for a 3-bedroom apartment in Lake Elsinore, CA is between $2,424 and $2,824. Browse all available 3-bedroom apartments in Lake Elsinore, CA.
In Lake Elsinore 31% of the housing is rented out compared to 69% of homes are owned, according to the most recent Census Bureau estimates. 5% of Lake Elsinore’s apartments are found in large buildings of 50 units or more, 42% are located in smaller apartment complexes with less than 50 units, and 51% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lake Elsinore are about 23 years old, on average. Of these, 49% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Lake Elsinore are around 0% of rentals, while 1-bedroom floor plans represent 29% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 46% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Located in Riverside County, Lake Elsinore is a small city in California known for its great schools, natural spots, outdoor activities, and historical sights. Originally known as a getaway spot for Hollywood celebrities, some of the celebrities’ mansions still stand around Lake Elsinore. The hot days and warm winds blowing from Ortega Mountains make Lake Elsinore a popular spot for skydiving, hang-gliding, and other aerial sports. Renters enjoy a moderate Mediterranean climate with average temperatures of 40F° to 70F° and almost no precipitation outside the winter months. There is plenty of sunshine and days that last up to 14 hours, so renters can explore the varying outdoor and lakeside activities.
Most people living in Lake Elsinore are homeowners, but there are different renter households in the area as well. Residential neighborhoods are surrounded by nature, parks, and sports facilities, characterized by single-family homes with three or four bedrooms or one- to three-bedroom apartments for rent. Lake Elsinore’s rental market also has a few known gated communities like Summerly, Alberhill Ranch, and Westlake. Rental apartments and homes for rent in these neighborhoods are within walking distance of private amenities and outdoor activities. California is rent-controlled, so landlords can only increase rent for 5% plus inflation, or maximum 10% per year. The landlord may collect a pre-paid rent, a reasonable late rent fee, and a security deposit not higher than two months’ rent for unfurnished apartments and three months’ rent for furnished apartments in Lake Elsinore. Depending on the circumstances, a 30 or 60 days’ written notice is needed to terminate the lease.
Lake Elsinore, CA has a population of 64,201 according to the most recent data from the U.S. Census Bureau. 33,212 of Lake Elsinore’s residents are women and 30,989 are men. The median age of those who live in Lake Elsinore, CA is 31.4.
The city is a great spot for renters looking for discount shopping. Outlets at Lake Elsinore has a collection of brand outlets like Carter’s, Nike, Guess, Levi’s, GAP, and others. Two smaller shopping venues are available for local renters: Lake Elsinore Square and Lake Elsinore Town Center. Aside from brands, renters can shop in boutiques, antique stores, and locally owned stores. Other shopping spots are also available throughout the city. Renters typically do their grocery shopping in Dollar General, Albertson’s, ALDI, Target, and Costco. The local chain stores Stater Bros., Cardenas, and Lake Elsinore Market are also present throughout the city.
According to U.S. Census data, there are 17,435 households in Lake Elsinore, CA. 14,235 are family households and 3,200 are non-family households. There are 8,538 households with children in Lake Elsinore and 8,897 households without children. On average, about 3.68 people live in a household in Lake Elsinore, CA.
Lake Elsinore commuters have access to several arterial roads. Interstate 15 connects the city with Murrieta, Temecula, San Diego, Corona, Ontario, and Las Vegas, while State Route 74 connects commuters with Orange County, Perris, San Jacinto Valley, and Coachella Valley. Aside from the major roads, the city’s streets also give renters convenient access to neighboring cities. For renters who use public transportation, Lake Elsinore has a bus network provided by Riverside Transit Agency. The city is also very walkable and bike-friendly, with a developed network of walk and bike trails and amenities that encourage renters to opt for an eco-friendly transportation mode. Uber and Lyft are available as ridesharing service providers in the area. For air travel, LA/Ontario International Airport and John Wayne Airport are located 38 and 51 miles away, respectively.
The level of education of the population of Lake Elsinore, CA is as follows: 8% have no high school education, 34% completed some high school, 30% partially completed college, 9% have an Associate Degree, 14% have a Bachelor Degree, and 5% have a Graduate Degree.
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