Rents are 9% below what Menifee's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,945 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in Menifee usually run 1.2% below trend in December and 1% above it in July, about $65 a month apart at today's median. Based on 11 years of data.
Rent in Menifee is at its highest level since Zillow's records here began in January 2015.
Rent in Menifee changed +5.4% over the year to September 2026. Across the 336 California cities Zillow tracks, the typical change was +3.4%.
From 2019 to 2024, rent in Menifee rose 46.8% while median household income rose 33.1% ($70,224 to $93,454). Rent outpaced income.
Rent in Menifee is 53.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($93,454) is $2,336 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,190); a 2-bedroom is $2,727.
The priciest of 3 ZIP codes in Menifee, 92584 ($3,135/mo), costs 27% more than the cheapest, 92586 ($2,474/mo).
Lake Elsinore, 9 miles away, rents for 20% less ($2,348/mo), about $7,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Menifee. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Menifee, CA is majority owner-occupied, has a median income above the national average, 22.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Menifee, CA has changed in 5 years
The median rent in Menifee, CA stood at $2,196 in 2021 and currently runs about $2,945, reflecting a 34.1% increase over the period. On the earnings side, the typical household in Menifee, CA now reports about $93,454, up from $80,741 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 9.1% since 2021, moving from about 101,089 residents to roughly 110,305. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Menifee, CA reflects that arc in its own way.
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At $2,945/mo, how Menifee rent compares to typical pay (30% rule).
Menifee rent by bedroom count
Median rent for each apartment size in Menifee. Click any size for full breakdown.
Tips for renters in Menifee
Last updated: October 17, 2026
The median rent in Menifee is $2,945/mo as of October 2026. A studio apartment averages $2,100/mo while a 2-bedroom runs $2,727/mo. One-bedroom apartments average $2,190/mo and 3-bedroom units go for $3,640/mo.
At 38% of local median household income ($93,454/yr), Menifee ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.
Frequently asked questions
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At $2,945/mo, rent takes ~38% of Menifee's median household income ($93,454/yr). The standard benchmark is 30%.
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