Cheap Homes for Rent in the Rancho Santa Margarita North Neighborhood of Mission Viejo, CA from $1,500 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Rancho Santa Margarita North area of Mission Viejo.

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.

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.

Rancho Santa Margarita North, Mission Viejo, CA Local Guide

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 55+ Community FountainGlen Rancho Santa Margarita priced from $2,088. Westridge Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $2,135. Here are the most affordable Rancho Santa Margarita North apartments for rent in Mission Viejo, CA:

Apartment ListingModel NameBed/BathPriced From
55+ Community FountainGlen Rancho Santa MargaritaSedonaStudio,1BA$2,088
Westridge Apartment HomesNavahoStudio,1BA$2,135
Villas Antonio Apartment HomesPlan One1BR,1BA$2,365

Best Value Apartments for Rent in Rancho Santa Margarita North, CA

As of July 09, 2026 the best value apartment in the Rancho Santa Margarita North area is the $2.93 price per square foot Plan B Model at Ridgecrest Apartments in the in the Mission Viejo Central neighborhood starting from $3,072. The second greatest value Rancho Santa Margarita North apartment is the Plan B2 Model at The Highlands starting at $3,315 with a $3.32 price per square foot in the Rancho Santa Margarita North neighborhood. Here is today’s list of the best values for Rancho Santa Margarita North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ridgecrest ApartmentsPlan B2BR,2BA$2.93
The HighlandsPlan B22BR,2BA$3.32
Villa La Paz Apartment HomesPlan C2BR,2BA$3.26
Paloma Summit Condominium RentalsResidence 3 Luxury1BR,1BA$3.85
Avila at Rancho Santa MargaritaA11BR,1BA$3.58
Sonterra at Foothill RanchJasmine1BR,1BA$3.49
Siena TerraceNaples1BR,1BA$3.45
Vista Del LagoCosta Renovated1BR,1BA$3.65
Villas Aliento Apartment HomesPlan 11BR,1BA$3.58
Cortesia at Rancho Santa MargaritaSiena1BR,1BA$3.85

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.

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Real 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.

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Quick 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.

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Pet Friendly Lifestyle
Rancho Santa Margarita North, Mission Viejo, CA

Ranked #6

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $2,135 to $5,740. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rancho Santa Margarita North ranging from $1,550 to $10,000.

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 $10,000 with an average monthly rent of $4,335.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.