Updated 21 Hours Ago
Location
242 N Chestnut St, Lake Elsinore, CA 92530, USA|Lake Elsinore Historic District
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Property Overview
N Chestnut 242 earns a strong overall rating of 8 out of 10, with standout marks for amenities, location, price, and trustworthiness. Its convenient location is reinforced by nearby public transportation and grocery options, making it a well-rounded choice for renters seeking value and ease of access.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Laundry available on site
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 427 sqft | $1,395 /mo | 1 unit available | This cozy Two bedroom, One bathroom triplex unit is perfect for anyone looking for a comfortable living space in a convenient location. Inside the unit, you'll find comfortable bedrooms, along with a full bathroom featuring a stand-up shower. The living area provides ample space to relax and unwind, and the kitchen is roomy with plenty of kitchen cabinets. This triplex is located in the heart of downtown Lake Elsinore, putting you within close distance of all the local shops, restaurants, and attractions. You'll love being able to explore all that this vibrant community has to offer. Don't miss out on this opportunity to rent in one of Lake Elsinore's most desirable locations. Contact us today to schedule a showing of 242 N Chestnut - 3! Commuters will appreciate convenient access to Interstate 15, making travel to Murrieta, Temecula, Corona, and surrounding employment centers straightforward. Nearby educational opportunities include Mt. San Jacinto College and the Lake Elsinore Unified School District service area. If you're looking for a comfortable home that combines practical living with convenient access to everything downtown Lake Elsinore has to offer, this residence is ready to welcome you. Sorry, No pets allowed on this property. *** This property is subject to special utility billing based on a flat fee/for the following utilities: Water Service, Trash Service, and Gas Service Flat Fee: $45.00 *** The square footage/sub-meter readings for the following utilities: Electricity Service Photos displayed for this property are deemed reliable, but are not a guaranteed representation of the subject property. Renters must obtain a liability insurance policy as a requirement of tenancy. Renters must obtain a liability insurance policy of no less than $250,000.00 as a requirement of tenancy. Proof must be provided prior to occupancy of the premises. Landlord and Access Asset Management, Inc. must be listed as an additional insured on this policy unless unavailable from the insurance provider, in which case Landlord and Access Asset Management, Inc. must be listed as an additional interested third party. Twelve (12) month lease term minimum unless otherwise stated. Security deposit required prior to move in. Minimum security deposit equal to one (1) months rent. Due to restrictions in California regarding increased security deposits, Landlord reserves the right to decline an applicant at the advertised rental rate and offer a higher rental rate to offset any perceived or actual risk associated with an applicant's household eligibility. |
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Amenities for (*) N Chestnut 242
Apartment Amenities
| Tile Flooring |
Appliances
| Oven | Oven/Range |
| Range |
Building
| Onsite Laundry |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 3 |
|---|
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About (*) N Chestnut 242
This cozy Two bedroom, One bathroom triplex unit is perfect for anyone looking for a comfortable living space in a convenient location. Inside the unit, you'll find comfortable bedrooms, along with a full bathroom featuring a stand-up shower. The living area provides ample space to relax and unwind, and the kitchen is roomy with plenty of kitchen cabinets. This triplex is located in the heart of downtown Lake Elsinore, putting you within close distance of all the local shops, restaurants, and attractions. You'll love being able to explore all that this vibrant community has to offer. Don't miss out on this opportunity to rent in one of Lake Elsinore's most desirable locations. Contact us today to schedule a showing of 242 N Chestnut - 3! Commuters will appreciate convenient access to Interstate 15, making travel to Murrieta, Temecula, Corona, and surrounding employment centers straightforward. Nearby educational opportunities include Mt. San Jacinto College and the Lake Elsinore Unified School District service area. If you're looking for a comfortable home that combines practical living with convenient access to everything downtown Lake Elsinore has to offer, this residence is ready to welcome you. Sorry, No pets allowed on this property. *** This property is subject to special utility billing based on a flat fee/for the following utilities: Water Service, Trash Service, and Gas Service Flat Fee: $45.00 *** The square footage/sub-meter readings for the following utilities: Electricity Service Photos displayed for this property are deemed reliable, but are not a guaranteed representation of the subject property. Renters must obtain a liability insurance policy as a requirement of tenancy. Renters must obtain a liability insurance policy of no less than $250,000.00 as a requirement of tenancy. Proof must be provided prior to occupancy of the premises. Landlord and Access Asset Management, Inc. must be listed as an additional insured on this policy unless unavailable from the insurance provider, in which case Landlord and Access Asset Management, Inc. must be listed as an additional interested third party. Twelve (12) month lease term minimum unless otherwise stated. Security deposit required prior to move in. Minimum security deposit equal to one (1) months rent. Due to restrictions in California regarding increased security deposits, Landlord reserves the right to decline an applicant at the advertised rental rate and offer a higher rental rate to offset any perceived or actual risk associated with an applicant's household eligibility.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, (*) N Chestnut 242 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, (*) N Chestnut 242 has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, (*) N Chestnut 242 is a great option for renters looking for apartments in Lake Elsinore Historic District. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
(*) N Chestnut 242 goes above and beyond to provide sought-after conveniences and desirable perks, including onsite laundry. Renters looking for popular or luxurious features will find them here—and for that reason, (*) N Chestnut 242 receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
(*) N Chestnut 242 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While (*) N Chestnut 242 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How (*) N Chestnut 242 compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Lake Elsinore Historic District
2-bedroom apartments at (*) N Chestnut 242 cost about 35% less than the average rent price for 2-bedroom apartments in Lake Elsinore Historic District.
Median rents as of Jul 25 2026.
Lake Elsinore Historic District
Lake Elsinore
| Month | Median Rent |
|---|---|
| August 2024 | $1,293 |
| September 2024 | $1,282 |
| October 2024 | $1,195 |
| November 2024 | $1,155 |
| December 2024 | $1,157 |
| January 2025 | $1,195 |
| February 2025 | $1,195 |
| March 2025 | $1,195 |
| April 2025 | $1,245 |
| May 2025 | $1,238 |
| June 2025 | $1,238 |
| July 2025 | $1,270 |
| February 2026 | $1,195 |
| March 2026 | $1,095 |
| June 2026 | $1,172 |
| July 2026 | $1,150 |
| Month | Median Rent |
|---|---|
| March 2025 | $1,195 |
Affordability calculator
Can I afford to live at 242 N Chestnut St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$55,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $55,800 annually to afford this 2-bedrooms monthly rent price of $1,395.
For more information on rent affordability, visit our rent calculator.
Schools near (*) N Chestnut 242
Railroad Canyon Elementary School
1300 mill st
lake elsinore, CA, 92530
K-5Public
C+
Keith McCarthy Academy
1405 ed way
lake elsinore, CA, 92530
K-12Public
C+
Alberhill Elementary School
4170 brianna cir
lake elsinore, CA, 92530
K-5Public
B-
Taawila Elementary School
30344 stage coach rd
menifee, CA, 92586
K-5Public
B+
Menifee Virtual
27625 sherman rd
menifee, CA, 92585
K-8Public
B
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Internet available near (*) N Chestnut 242
Neighborhood
Lake Elsinore Historic District | Lake Elsinore, CA
Getting around Lake Elsinore near 242 N Chestnut St
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
2/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 242 N Chestnut St, Lake Elsinore
Groceries
1/10
No grocery stores within walking distance
Shopping
4/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
3/10
No high schools within a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
1/10
Few or no bars within walking distance
Explore the area around 242 N Chestnut St
Mother's Nutritional Center
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Walmart Supercenter
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Stater Bros Markets
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ALDI
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Bird's Costume Connection
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Shirt Werx Inc
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Famous Footwear Outlet
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Uniforms Direct Inc
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Bloom Ice Cream + Coffee
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Tr+ Boba Tea
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Raised Donuts & Bagels
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Starbucks
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Cardenas Market
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Strikes & Gutters LLC
512 Chaney St
Tra Tea Lounge
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Summerly Grill
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Pins N Pockets
32250 Mission Trl
Lake Elsinore Resort & Casino
20930 Malaga Rd
Old Town Bakers
137 N Main St
Jessela Mia Baked Goods
Freedom Bowls
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Lily Sweet Cakes
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Walmart Bakery
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City Park
Forest
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Don Meres Grille
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