6 rentals in Canyon Lake

Canyon Lake is a city and gated community in Riverside County, California, United States, located on Canyon Lake reservoir. Canyon Lake began as a master-planned community developed by the Corona Land Company in 1968. The City of Canyon Lake was incorporated on December 1, 1990. As of the 2020 census, Canyon Lake had a population of 11,082. Railroad Canyon Dam was built in 1927, and impounds the San Jacinto River to fill the reservoir, which covers 383 acres (1.55 km2) and has 14.9 miles (24.0 km) of shoreline.
Canyon Lake is a private gated community centered around its reservoir lake. Features upscale homes, water recreation, and 24-hour security.
Today, Canyon Lake has 6 homes for rent at a median rent of $4,200/mo, typically leasing in about 5 days.
Median Rent
$3,600/mo
↓ 5.3% over the past yearMonths of Rental Inventory
Estimated time to lease all rentals at the current leasing pace
0.1 months of supply
Landlord's MarketWith only 6 active rentals, supply is tight.
What this means for renters
Rental inventory is tight relative to how many homes get leased each month—fewer options, and well-priced units draw competition. Rentals typically lease in ~5 days.
Rental Velocity
How fast rentals are leasing
Rentals are leasing extremely fast—expect high competition and quick decisions. Leasing 31% faster than 6 months ago.
Rental Inventory Distribution
Rentals are being leased quickly—most listings move within 30 days, signaling strong renter demand.
Housing Tenure in Canyon Lake
Homeownership is significantly higher than average—this is a homeowner-dominated market with more long-term residents.
79%
Homeowners
21%
Renters
Homeownership is 23.5% higher than the California average (55.5%)
4,090 households (2023)
Median Rent by Bedroom
Rent increases significantly with bedroom count—larger units command premium prices.
Each additional bedroom adds about $840/mo to rent on average, with larger units commanding higher premiums.
Largest increase: 2 → 3 bedrooms (+$2,193/mo)
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