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Canyon Lake, CA Condos for Rent

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  • /26

    $2,800

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,050 Sq Ft
    • Condo for Rent

    24311 Canyon Lake Dr N Unit Canyon Lake, Canyon Lake, CA 92587

    2 bedroom 2 bath second floor condo overlooking lake and newly built and included boat dock with assigned slip,.Includes covered parking and storage Condo, pool and Jacuzzi and additional storageAdjacent to community park and Pickleball courts and dog park right next to condoSame area as boat launch and fishingIncludes access to community Restaurant community club beaches,

    24311 Canyon Lake Dr N Unit Canyon Lake, Canyon Lake, CA 92587
  • /37

    $2,400

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    22020 Village Way Dr, Canyon Lake, CA 92587

    Water, Trash, & Electric Included! Bright 800 sq. ft. 1 bedrdoom 1 bathroom apartment. Washer & dryer hookups in unit. Private entrance with private driveway & off street parking. Located on one of the best streets in Canyon Lake. Access to all the lake amenities included.Canyon Lake residents enjoy access to a private lake for boating, waterskiing, wakeboarding, fishing and paddle boarding ,

    22020 Village Way Dr, Canyon Lake, CA 92587
  • /25

    $2,150 Per Month

    • 2 Beds
    • 2 Baths
    • 1,540 Sq Ft
    • Condo for Rent

    31864 Railroad Canyon Rd Unit J, Canyon Lake, CA 92587

    Great Canyon Lake Condo with Spectacular Amenities! Discover living in this stunning 2-bedroom, 2-bathroom condo nestled in the prestigious community of Canyon Lake with unmatched amenities, this condo is your gateway to a lifestyle of comfort and recreation. Property Highlights: Spacious 2 bedrooms, 2 bathrooms for maximum comfort. Open kitchen concept with breakfast bar, perfect for

    WENDY GAULT COLDWELL BANKER ABR PROP MGMT

    31864 Railroad Canyon Rd Unit J, Canyon Lake, CA 92587

Frequently Asked Questions

How much does it cost to rent a condo in Canyon Lake, CA?
The median rent for a condo in Canyon Lake, CA is $2,800 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Canyon Lake, CA?
To comfortably afford the median rent in Canyon Lake, CA, a household needs to earn roughly $120,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,000 per month in Canyon Lake, CA, renters typically need to show $9,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Canyon Lake, CA?
In Canyon Lake, CA, the price-to-rent ratio is 20.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Canyon Lake, CA are best for renting a condo?
The best neighborhood for renting in Canyon Lake, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Sun City and Sunnymead, each with its own character and price range.

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$2,800
Median 1 Bedroom Condo Rent
$1,800
Median 2 Bedroom Condo Rent
$2,800
Median 3 Bedroom Condo Rent
$3,500
How to Rent a Home