Lake Elsinore, CA Rental Market Trends
Highlights
The average rent for an apartment in Lake Elsinore is $1,507, a 10% increase compared to the previous year, when the average rent was $1,366.
Average Rent in Lake Elsinore, CA
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,507 | 10% | 941 sq. ft. |
The average size for a Lake Elsinore, CA apartment is 941 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Lake Elsinore, CA Apartment Rent Ranges
- $701-$1,0003%
- $1,001-$1,50050%
- $1,501-$2,00046%
Lake Elsinore, CA Occupied Housing Units
- Renter-occupied Households19%
- Owner-occupied Households80%
4,225 or 19% of the households in Lake Elsinore, CA are renter-occupied while 17,242 or 80% are owner-occupied.
Lake Elsinore, CA Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lake Elsinore, CA | $1,213 | $1,258 | $1,295 | $1,318 | $1,372 | $1,366 | $1,366 | $1,418 | $1,441 | $1,507 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does Lake Elsinore Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Riverside | $1,577 | 4% |
| Temecula | $1,703 | 4% |
| Temecula City | $1,686 | 6% |
| Moreno Valley | $1,535 | 5% |
| Moreno Valley City | $1,483 | 7% |
| Menifee | $1,614 | 11% |
| Corona | $1,754 | 5% |
| Corona City | $1,720 | 6% |
| Murrieta | $1,708 | 6% |
| Murrieta City | $1,713 | 9% |
| Lake Elsinore | $1,507 | 10% |
For more information about the Lake Elsinore rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lake Elsinore apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.