Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Lake Elsinore, CA Rental Market Trends
What is the average rent in Lake Elsinore?
The average rent for an apartment in Lake Elsinore is $1,971. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Lake Elsinore, CA
Last updated May 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,971 | 941 sq. ft. |
What is the average apartment size in Lake Elsinore?
The average size for a Lake Elsinore, CA apartment is 941 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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
Lake Elsinore, CA Occupied Housing Units
3,200 or 18% of the households in Lake Elsinore, CA are renter-occupied while 14,235 or 81% are owner-occupied.
Lake Elsinore, CA Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | May / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lake Elsinore, CA | $1,441 | $1,507 | $1,500 | $1,573 | $1,612 | $1,650 | $1,700 | $1,795 | $1,957 | $1,971 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Lake Elsinore Compares to Other Cities
| City | Average Rent |
|---|---|
| Los Angeles | $2,661 |
| San Francisco | $3,230 |
| East Bay | $2,452 |
| San Diego | $2,756 |
| Long Beach | $2,530 |
| Oakland | $2,772 |
| Sacramento | $1,792 |
| San Jose | $2,754 |
| Santa Monica | $3,891 |
| Berkeley | $3,164 |
| Anaheim | $2,143 |
| Riverside | $2,074 |
| Santa Ana | $2,375 |
| San Bernardino | $1,630 |
| Costa Mesa | $2,580 |
| Fullerton | $2,294 |
| Huntington Beach | $2,596 |
| Rancho Cucamonga | $2,574 |
| Escondido | $2,006 |
| Irvine | $3,074 |
| Lake Elsinore | $1,971 |
Most Popular Apartments in Lake Elsinore
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 ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.