55 rentals in Menifee
Rental Listings in Menifee, CA
About Menifee, CA Real Estate
Menifee is a city in Riverside County, California, United States, and is part of the Inland Empire. Named after a local miner, Luther Menifee Wilson, it was settled in the 19th century, and incorporated as a city in 2008. As of the 2020 census, Menifee had a population of 102,527.
Menifee is one of California's newest and fastest-growing cities, incorporated in 2008. Offers affordable new construction and diverse communities from retirement to young families.
Today, Menifee has 54 homes for rent at a median rent of $3,200/mo, typically leasing in about 18 days. Families here choose from 1 schools rated 8 or higher on the Topfind School Score.
Top Rated Schools in Menifee
Powered by the Topfind School Score
- 8Taawila Elementaryelementary
- 7Chester W. Morrison Elementaryelementary
- 7Evans Ranch Elementaryelementary
- 7Menifee Valley Middleintermediate/middle/junior high
- 7Paloma Valley Highhigh school
- 6Bell Mountain Middleintermediate/middle/junior high
Why Live in Menifee?
- Affordable new construction
- Fastest-growing CA city
- Sun City retirement community
- Growing retail and dining
Popular Neighborhoods in Menifee
Menifee Rental Pulse
Topfind Market Read
Landlords hold the edge right now. The typical rental leases in about 18 days, and 78% of current listings are under 30 days old. At the same time, leasing volume is down 38% versus six months ago, so the market is not running away from renters. Landlords have the stronger hand, though renters who move quickly can still land a fair deal.
Median Rent
$3,200/mo
↑ 9% over the past yearChart shows the median closed lease rate by month
Months of Rental Inventory
Estimated time to lease all rentals at the current leasing pace
3.9 months of supply
Balanced Supply54 active rentals currently on the market.
What this means for renters
Rental supply and demand are roughly in step, with a steady flow of options and no glut. Rentals typically lease in ~18 days.
Rental Velocity
How fast rentals are leasing
Rentals are leasing quickly, so be prepared to apply fast when you find a good fit. Leasing is 48% faster than six months ago.
Rental Inventory Distribution
Most current rental listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in Menifee
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
80%
Homeowners
20%
Renters
Homeownership is 24.5 points higher than the California average (55.5%)
35,034 households (2023)
Affordability Snapshot
Typical rent
$3,200/mo
Median rent
Affordable budget (30%)
$2,230/mo
Based on median income
Median household income
$7,432/mo
Menifee
Typical rent costs about 43% of the median household's income.
The standard recommendation is to spend ≤30% of income on rent.
Income needed to afford typical rent comfortably
$128K/year
Assumes rent ≤30% of income
Median Rent by Bedroom
Rent increases significantly with bedroom count, with larger units commanding premium prices.
Each additional bedroom adds about $496/mo to rent on average.
Largest increase: 2 → 3 bedrooms (+$938/mo)
Rent Reductions
11 listings have reduced their rent
20% of active listings
Average reduction: 6.3% (~$202/mo)
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