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Canyon Lake, CA Homes for Rent

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  • /14

    $1,975

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • House for Rent

    29984 Big Range Rd, Canyon Lake, CA 92587

    Very quiet, peaceful and safe, fully furnished (or unfurnished) apartment for a single situated beneath the main home occupied by semi retired couple. Unit has separate entrance and view of the private pool. All utilities, including HOA fees are included so there is no cost outside the monthly rent. Renter will have access to pool, barbecue, lower yard area and gazebo. Entire property

    29984 Big Range Rd, Canyon Lake, CA 92587
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    $2,800

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 668 Sq Ft
    • House for Rent

    29940 White Wake Dr, Canyon Lake, CA 92587

    BRAND-NEW LUXURY CASITA / ADUWelcome to your private retreat! This stunning, newly constructed 2026 casita sits on our back property. Everything is brand new, from the floors and paint to the appliances and finishes throughout.Though thoughtfully designed as a "tiny home," the soaring vaulted ceilings and second-story layout create an open, airy feel that lives much larger than

    29940 White Wake Dr, Canyon Lake, CA 92587
  • /57

    $4,500 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,724 Sq Ft
    • House for Rent

    23889 Cruise Circle Dr, Canyon Lake, CA 92587

    Welcome to the Exclusive Community of Canyon Lake 3-car Garage, Oversized Master Suite, Indoor/Outdoor Kitchens, and an Entertainment-Ready backyard! It is in the highly-coveted guard-gated city of Canyon Lake, "The Crown Jewel of Riverside County,” as well as centrally located between Orange County, Los Angeles County, and San Diego County. The updated interior has an openly flowing floor plan,

    Sam Ali ASH REALTY

    23889 Cruise Circle Dr, Canyon Lake, CA 92587
  • /30

    $3,000 Per Month

    • 3 Beds
    • 2 Baths
    • 1,248 Sq Ft
    • Spacious 3 Bedroom Home with Large Fenced Yard and Two-Car Garage

    24380 Pso Vivora, Canyon Lake, CA 92587

    Enjoy the comfort of single-story living with the added benefit of generous outdoor space at this move-in ready 3 bedroom, 2 bathroom home. Offering approximately 1,248 square feet of living space and a fully fenced yard, this property combines practical features with easy access to local conveniences and recreation.Inside, the open floor plan creates a natural flow between the living,

    24380 Pso Vivora, Canyon Lake, CA 92587
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    $3,980 Per Month

    • 3 Beds
    • 2 Baths
    • 2,450 Sq Ft
    • Apartment for Rent

    30050 Big Range Rd Unit 2, Canyon Lake, CA 92587

    Private Lakefront Living in a Gated Community that includes the DOCK and RV Garage. The kitchen features a Sub-Zero refrigerator and Viking stove. Welcome to our stunning three-story lakeside residence available for rent in Canyon Lake, California. This property offers the perfect combination of luxury, convenience, and breathtaking views. Each floor of the house has its own entrance, independent

    Thomas Paulauskas Keller Williams Realty Antelope Valley

    30050 Big Range Rd Unit 2, Canyon Lake, CA 92587
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    $1,980 Per Month

    • 1 Bed
    • 1 Bath
    • 900 Sq Ft
    • Apartment for Rent

    30026 Big Range Rd Unit 3, Canyon Lake, CA 92587

    This luxurious home on the water is sectioned into 3 floors each as its own unit. This property offers the perfect combination of luxury, convenience, and breathtaking views. It It is 25 minutes from Corona Business Center, few minutes from an outlet mall, and provides the perfect environment and atmosphere for those who work remote or from home. Each floor of the house has its own entrance,

    Thomas Paulauskas Keller Williams Realty Antelope Valley

    30026 Big Range Rd Unit 3, Canyon Lake, CA 92587
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    $3,595 Per Month

    • 5 Beds
    • 3 Baths
    • 2,715 Sq Ft
    • House for Rent

    24413 Comanche Creek Dr, Menifee, CA 92584

    This beautifully appointed rental home in the highly sought-after Audie Murphy community of Menifee offers the perfect blend of space, comfort, and scenic surroundings. Featuring 5 bedrooms and 3 full bathrooms, including a convenient downstairs bedroom and full bath, this home is designed for both everyday living and entertaining. Upon entry, you are welcomed by a spacious foyer that opens into

    DARLENE OLIVAREZ Beechwood Realty

    24413 Comanche Creek Dr, Menifee, CA 92584

Why Live in Canyon Lake

Canyon Lake, CA, is a unique gated community nestled in the foothills of the Temescal Mountains, built around a 500-acre reservoir. Known for its lakeside homes, palm trees, and scenic views, the area offers year-round water activities such as fishing, swimming, and boating. The Canyon Lake Property Owners Association maintains the city’s streets, parks, and numerous social events, contributing to the community's vibrant atmosphere. Residents enjoy over a dozen green spaces and sandy beaches, including Holiday Harbor with its playgrounds and swimming beach, and East Port Park with a dedicated dog park. The Lodge hosts community events like movie nights and classic car shows, while Skippers Island is famous for its Fourth of July fireworks display. Housing options range from modest 1960s ranch-style houses to custom-built multi-level residences, often featuring Spanish-inspired red tile roofs, large windows, and solar panels. The majority of homes are detached single-family residences, fostering a close-knit community where neighbors look out for each other. Local attractions include the Canyon Lake golf course, equestrian center, and tennis courts. Though retail stores and restaurants are limited, residents frequent neighborhood spots like Canyon Lake Market and The Lighthouse Restaurant & Bar. The highly rated schools in the Lake Elsinore Unified School District include Tuscany Hills Elementary, Canyon Lake Middle, and Temescal Canyon High. Canyon Lake is conveniently located near the 15 and 215 Freeways, making travel to nearby cities like Riverside, Murrieta, and Temecula accessible.

Frequently Asked Questions

How much does it cost to rent a home in Canyon Lake, CA?
The median rent for a home in Canyon Lake, CA is $2,900 per month, though prices vary by neighborhood, size, and property type. As of August 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 $116,000 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 $2,900 per month in Canyon Lake, CA, renters typically need to show $8,700 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 21.0, 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 home?
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 home include Tuscany Hills, Canyon Hills, Sun City, East Lake District and Lake Elsinore Hills, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$2,900
Median Single Family Home Rent
$3,450
Median Townhouse Rent
$2,400
Median Condo Rent
$2,550
How to Rent a Home