
Cheap Homes for Rent in Rancho Santa Margarita North Neighborhood of Mission Viejo, CA from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Rancho Santa Margarita North area of Mission Viejo.


23 Vía Honrado, Unit 22

96 Flor De Sol, Unit NA, Unit NA
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

23266 La Mar

20702 El Toro Rd

76 Gavilan
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

27808 Jade
Rancho Santa Margarita North, Mission Viejo, CA Local Guide

How much does it cost to rent a home in Rancho Santa Margarita North?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rancho Santa Margarita North 2 Bedroom Homes for Rent | $3,684 | $2,700 | $5,000 |
| Rancho Santa Margarita North 3 Bedroom Homes for Rent | $4,800 | $4,250 | $5,500 |
| Rancho Santa Margarita North 4 Bedroom Homes for Rent | $4,800 | $4,300 | $5,300 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 3 mile radius of the Rancho Santa Margarita North Neighborhood of Mission Viejo, CA.
Explore Mission Viejo
Rancho Santa Margarita North, Mission Viejo, CA Local Guide
- Nearby Mission Viejo neighborhoods
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Cheapest Available Rancho Santa Margarita North Apartments for Rent
 The cheapest available apartment rental in the Rancho Santa Margarita North area of Mission Viejo, CA is a Studio unit found at Villas Aliento Apartment Homes priced from $2,055. Westridge Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $2,080. Here are the most affordable Rancho Santa Margarita North apartments for rent in Mission Viejo, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villas Aliento Apartment Homes | Plan 4 | Studio,1BA | $2,055 |
| Westridge Apartment Homes | Navaho | Studio,1BA | $2,080 |
| Villa La Paz Apartment Homes | Plan D | 1BR,1BA | $2,155 |
Best Value Apartments for Rent in Rancho Santa Margarita North, CA
As of May 25, 2026 the best value apartment in the Rancho Santa Margarita North area is the $3.02 price per square foot MOVE IN SPECIAL: One Week Off First Month's Ren... Model at River Oaks Apartments in the in the Mission Viejo North neighborhood starting from $2,895. The second greatest value Rancho Santa Margarita North apartment is the 22C Model at Crestwood Apartment Homes starting at $3,205 with a $3.45 price per square foot in the Mission Viejo North neighborhood. Here is today’s list of the best values for Rancho Santa Margarita North apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Oaks Apartments | MOVE IN SPECIAL: One Week Off First Month's Ren... | 2BR,2BA | $3.02 |
| Crestwood Apartment Homes | 22C | 2BR,2BA | $3.45 |
| Siena Terrace | Corsica | 2BR,2BA | $3.26 |
| The Highlands | Plan B1 | 2BR,2BA | $3.46 |
| Ridgecrest Apartments | Plan A | 1BR,1BA | $3.19 |
| Paloma Summit Condominium Rentals | Residence 3 Luxury | 1BR,1BA | $3.70 |
| Bellecour Way Apartment Homes | Savio | 1BR,1BA | $3.32 |
| Avila at Rancho Santa Margarita | A1 | 1BR,1BA | $3.69 |
| Sonterra at Foothill Ranch | Jasmine | 1BR,1BA | $3.65 |
| Vista Del Lago | Costa | 1BR,1BA | $3.65 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleRancho Santa Margarita North, Mission Viejo, CA
Ranked #4
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Rancho Santa Margarita North, Mission Viejo, CA
Melinda Heights Elementary
Trabuco Hills High
School data provided by Great Schools
Frequently Asked Questions about Rancho Santa Margarita North
What type of rentals are currently available in Rancho Santa Margarita North?
There are currently 45 Apartments for Rent in Rancho Santa Margarita North, CA with pricing that ranges from $1,700 to $5,190. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rancho Santa Margarita North ranging from $1,550 to $5,500.
What is the current price range for Rental Homes in Rancho Santa Margarita North?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Rancho Santa Margarita North ranges from $1,550 to $5,500 with an average monthly rent of $3,547.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.