Rent to own Homes in Lake Elsinore, CA

Plenty of boating fun! Lake Elsinore is the largest natural freshwater lake in Southern California. Its Marina has large boat docks and launch facilities, so after spending a day fishing or water skiing, you'll have a place to tie up before you head to your nearby rent to own house. For more watery action, check out the competitive swim programs and events at Mesa Aquatics.

Lake Elsinore, CA is a great place for affordable rent-to-own homes! With a median household income of over $74,490 and a median rent of $1,501, the Lake Elsinore, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lake Elsinore, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Lake Elsinore, CA rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
New
1 of 113 15125 LIGHTHOUSE LN
Rent To Own
Lake Edge District
Single Family Home
Lake Elsinore, CA 92530
4
3
2197 ft2
2003
22368 WALNUT ST
Rent To Own
Wildomar
Single Family Home
Wildomar, CA 92595
4
1
1563 ft2
1986
21710 APPALOOSA CT
Rent To Own
Tuscany Hills
Single Family Home
Canyon Lake, CA 92587
3
4
3550 ft2
1991
8386 BARNWOOD LN
Rent To Own
Orangecrest
Single Family Home
Riverside, CA 92508
7
4
4104 ft2
2003
28572 PASEO ZORRO
Rent To Own
 
Single Family Home
San Juan Capistrano, CA 92675
6
8
6831 ft2
1992
26470 CORNELL ST
Rent To Own
 
Single Family Home
Loma Linda, CA 92354
4
3
3672 ft2
2002
39512 LINCOLN ST
Rent To Own
Cherry Valley
Single Family Home
Cherry Valley, CA 92223
3
2
1905 ft2
2018
26 VISTA MONTEMAR
Rent To Own
Niguel Summit
Single Family Home
Laguna Niguel, CA 92677
5
6
6351 ft2
1998
Hot
15217 KENSINGTON PARK DR
Rent To Own
 
Townhouse/Condo
Tustin, CA 92782
3
3
1676 ft2
2007
2035 N ORANGE OLIVE RD
Rent To Own
 
Townhouse/Condo
Orange, CA 92865
4
3
2197 ft2
2018
Hot
2255 CAHUILLA ST #74
Rent To Own
 
Townhouse/Condo
Colton, CA 92324
2
2
1023 ft2
1972
32920 OLEANDER DR
Rent to Own Eligible
 
Single Family Home
Lake Elsinore, CA 92530
1
1
934 ft2
1948
16377 LAKESHORE DR #6K
Rent to Own Eligible
Lake View District
Townhouse/Condo
Lake Elsinore, CA 92530
2
2
785 ft2
1990
35266 BACOPA CT
Rent to Own Eligible
Canyon Hills
Single Family Home
Lake Elsinore, CA 92532
4
2
1760 ft2
2013
15223 DREXEL CT #102
Rent to Own Eligible
Lake Elsinore Hills District
Townhouse/Condo
Lake Elsinore, CA 92532
3
3
1527 ft2
2007
559 HIGHLANDS RD
Rent to Own Eligible
Lake View District
Single Family Home
Lake Elsinore, CA 92530
3
1
1416 ft2
1983
1 of 21 30505 CANYON HILLS RD
Rent to Own Eligible
Canyon Hills
Townhouse/Condo
Lake Elsinore, CA 92532
3
3
1565 ft2
2007
New
29419 MEADOW
Rent to Own Eligible
Summerly
Single Family Home
Lake Elsinore, CA 92530
3
1
1387 ft2
2017
24319 Canyon Lake Dr N
Rent to Own Eligible
 
Townhouse/Condo
Canyon Lake, CA 92587
2
2
925 ft2
1973
New
33783 WAGON TRAIN DR
Rent to Own Eligible
Wildomar
Single Family Home
Wildomar, CA 92595
4
2
2894 ft2
2005
15435 PARK POINT AVE #108
Rent to Own Eligible
Lake Elsinore Hills District
Townhouse/Condo
Lake Elsinore, CA 92532
3
3
1527 ft2
2006
New
2659 GOLDEN CT
Rent to Own Eligible
Lake Edge District
Single Family Home
Lake Elsinore, CA 92530
2
1
1304 ft2
1980
New
1 of 25 22507 CANYON LAKE DR S
Rent to Own Eligible
 
Single Family Home
Canyon Lake, CA 92587
3
1
1577 ft2
1976
New
36464 AGAVE RD
Rent to Own Eligible
Canyon Hills
Single Family Home
Lake Elsinore, CA 92532
4
2
1951 ft2
2016
150 E LAKESHORE DR #64
Rent to Own Eligible
East Lake District
Townhouse/Condo
Lake Elsinore, CA 92530
1
2
560 ft2
1964
24319 CANYON LAKE DR N #2
Rent to Own Eligible
 
Townhouse/Condo
Canyon Lake, CA 92587
1
1
718 ft2
1973
22772 VALLEY VISTA CIR
Rent to Own Eligible
Wildomar
Single Family Home
Wildomar, CA 92595
2
2
1265 ft2
1991
New
1 of 35 24133 Dahlia Way
Rent to Own Eligible
Lake Elsinore Hills District
Townhouse/Condo
Lake Elsinore, CA 92532
4
3
2210 ft2
2018
33190 JAMIESON ST
Rent to Own Eligible
Lake View
Single Family Home
Lake Elsinore, CA 92530
3
1
1271 ft2
1977
33081 ESTHER ST
Rent to Own Eligible
 
Townhouse/Condo
Lake Elsinore, CA 92530
3
1
2008 ft2
1979
New
32989 PEPPER DR
Rent to Own Eligible
 
Single Family Home
Lake Elsinore, CA 92530
4
4
968 ft2
1964
15647 Vista Way
Rent to Own Eligible
Lake Elsinore Hills District
Townhouse/Condo
Lake Elsinore, CA 92532
3
3
1527 ft2
2006
1 of 34 17650 BRIGHTMAN AVE
Rent to Own Eligible
Country Club Heights Lakeland
Single Family Home
Lake Elsinore, CA 92530
1
2
957 ft2
1947
22570 BASS PL #11
Rent to Own Eligible
 
Townhouse/Condo
Canyon Lake, CA 92587
2
1
1560 ft2
1981
15790 LAKE TERRACE DR
Rent to Own Eligible
Lake Edge District
Single Family Home
Lake Elsinore, CA 92530
4
2
2293 ft2
1990
749 ACACIA ST
Rent to Own Eligible
Riverview District
Single Family Home
Lake Elsinore, CA 92530
3
2
1517 ft2
2007
16493 JOY ST
Rent to Own Eligible
Lake View District
Townhouse/Condo
Lake Elsinore, CA 92530
1
1
602 ft2
1982
28739 AVENIDA ESTRELLA
Rent to Own Eligible
Quail Valley
Single Family Home
Menifee, CA 92587
3
1
1373 ft2
1979
New
144 S TORN RANCH RD
Rent to Own Eligible
Lake View District
Single Family Home
Lake Elsinore, CA 92530
3
1
1176 ft2
1983
Hot
53204 BEALES ST
Rent to Own Eligible
Lake Elsinore Hills District
Single Family Home
Lake Elsinore, CA 92532
4
2
1977 ft2
2006
1 of 18 835 ORIOLE CT
Rent to Own Eligible
Lake View District
Single Family Home
Lake Elsinore, CA 92530
2
2
875 ft2
1979
New
21940 CANYON DR
Rent to Own Eligible
Wildomar
Single Family Home
Wildomar, CA 92595
3
1
1312 ft2
1967
New
3470 BRYCE CANYON WAY
Rent to Own Eligible
South Perris
Single Family Home
Perris, CA 92570
4
2
1763 ft2
2012
30021 VICTORIA WAY
Rent to Own Eligible
Lake View District
Single Family Home
Lake Elsinore, CA 92530
5
2
2466 ft2
2017
Map
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Buying a Home in Lake Elsinore, CA

Lake Elsinore, CA is seeing rapid growth and Lake Elsinore, CA's' housing market remains not optimal with an average home price that is 68% above the 2024 national average. Lake Elsinore, CA is part of Riverside county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Riverside is 0.8% which is below the national average, which is 0.99%.

Median Home Price in Lake Elsinore, CA

Median Rent in Lake Elsinore, CA

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Lake Elsinore, CA

The weather is great year round! Sunshine and sunny outlooks seem to go together and as the weather heats up, the housing market will, too. In Lake Elsinore, buyers can purchase rent to own houses that are expected to increase approximately 20.3% over the next year. Check out homes available near Riverside Drive or Ryan Avenue, both near the State Recreation Park, if you want sunshine and outdoor recreation near your new front door.

Taste the wine! Lake Elsinore lies in the middle of wine country. Sip a smooth sauvignon at Calaway Vineyards, or a pinot grigio at La Rebelde Winery.

Fun dining! Quaint cafes with Main Street charm best describe Lake Elsinore eateries. Try A.J.'s, and don't forget the hush puppies. Another downtown favorite is Rusticana Bistro.

Lots of Hot Air! Take to the skies in a brilliantly colored hot air balloon at the Temecula Valley Hot Air Balloon Festival, or schedule a ride with Adventure Flights.

Low prices, high value! There are still great houses in Lake Elsinore for you to choose from, including rent to own options. They range from charming older properties to contemporary lakefront houses. Median sales prices have climbed 13% over the past year and 33.3% over the past five years, so this is a good time for first-time buyers to get started! Check out the array of homes available near Machado Street or along Grand Avenue.

Catch casino fever! Put on your best poker face and play for keeps at the first poker house in California. The Lake Elsinore Casino is fun, friendly and casual to boot. Plus, the Pala Casino Resort Spa is just down the road if you crave even more action and some relaxation.

Shopping Sprees! Lake Elsinore's charming historic downtown combines quaint shops with modern commodities. For antique hunters, drop into Mora's Antiques and Gifts, or Decor Consignment to find that perfect something for your new home.

Culturally speaking! The area around Lake Elsinore is ripe with cultural opportunities. Palomar Observatory is a private research facility, but opens to the public for tours from April to October. Travel back in time on historic trains at the Orange Empire Train Museum -- just a short drive and a world away from today.

No traffic jams! Most of the folks living in Lake Elsinore don't work there, so you won't have to worry about snarled traffic. The surrounding communities of Riverside, Temecula, Ontario and even South Orange County provide most of the jobs for residents. The lack of traffic explains the popularity of the real estate market -- Lake Elsinore has seen an increase of more than 15% in median sales prices over the last year.

High ownership and occupancy rates! Lake Elsinore enjoys a high 73.8% ownership and occupancy rate. This indicates that more people prefer to stay in a home, providing for a more stable community. Good news if you're in the market for rent to own homes, because your investment will be protected.