Cheap Apartments for Rent in Rancho Santa Margarita, CA from $2,150 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in Rancho Santa Margarita.

property at 34 Via Meseta
$2,400

Total Monthly Price

Base Rent$2,400
Total Monthly Price$2,400
1 Bedroom, 1 Bath Condo for Rent
Available Now
Furnished

34 Via Meseta

Rancho Santa MargaritaCA92688
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property at 9 Pegasus Dr
$2,495

Total Monthly Price

Base Rent$2,495
Total Monthly Price$2,495
1 Bedroom, 1 Bath Home for Rent
Available Now

9 Pegasus Dr

Coto De CazaCA92679

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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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eaves Mission Viejo
1 to 2 Bedroom Apartments

eaves Mission Viejo

24950 Via Florecer ViaMission Viejo, CA 92692

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Madrid
1 to 3 Bedroom Apartments

Madrid

28401 Los Alisos BlvdMission Viejo, CA 92692
Showing Results 1-38, Page 1 of 1

Rancho Santa Margarita, CA Local Guide

Cheapest Neighborhoods for Apartments in Rancho Santa Margarita, CA

Pricing Updated: 09/14/2026

Current apartment rentals in the Rancho Santa Margarita, CA area range in price from $2,150 to $6,880 with an overall median price of $2,946. Here is today’s list neighborhoods with the lowest median pricing for Rancho Santa Margarita Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Rancho Santa Margarita Central$2,841$2,15077
Samlarc$2,864$2,15087
Tijeras Creek Golf Club$2,982$2,15083
Las Flores$3,179$2,45653

Cheapest Available Rancho Santa Margarita Apartments for Rent

 

The cheapest available apartment rental in Rancho Santa Margarita, CA is a 1 Bed unit found at Saddleback Ranch Apartments in the Mission Viejo Central neighborhood priced from $2,150. 55+ Community FountainGlen Rancho Santa Margarita in the Rancho Santa Margarita North neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,198. Here is today’s list of the most affordable Rancho Santa Margarita apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$2,150
55+ Community FountainGlen Rancho Santa MargaritaSedonaStudio,1BA$2,198
Emerald Court Apartment HomesPlan 11BR,1BA$2,225
Villa La Paz Apartment HomesPlan D1BR,1BA$2,285
Westridge Apartment HomesNavahoStudio,1BA$2,290
Villas Aliento Apartment HomesPlan 11BR,1BA$2,320
Trabuco Woods Apartment Homes1 Bed 1 Bath1BR,1BA$2,340
SYCAMORE LANE APARTMENT HOMESAgave1BR,1BA$2,370

Best Value Apartments for Rent in Rancho Santa Margarita, CA

As of September 14, 2026 the best value apartment in the Rancho Santa Margarita area is the $2.67 price per square foot Milan Model at Cortesia at Rancho Santa Margarita in the in the Mission Viejo Central neighborhood starting from $3,709. The second greatest value Rancho Santa Margarita apartment is the Plan B Model at Ridgecrest Apartments starting at $3,201 with a $3.05 price per square foot in the Mission Viejo Central neighborhood. Here is today’s list of the best values for Rancho Santa Margarita apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cortesia at Rancho Santa MargaritaMilan3BR,2BA$2.67
Ridgecrest ApartmentsPlan B2BR,2BA$3.05
The HighlandsPlan B22BR,2BA$3.32
Los Alisos at Mission ViejoTwo Bedroom B2B2BR,2BA$3.26
Mosaic Apartment HomesPlan C2BR,2BA$3.09
Saddleback Ranch Apartments1 Bed 1 Bath Down1BR,1BA$3.01
eaves Mission ViejoA31BR,1BA$3.33
Trabuco Woods Apartment Homes1 Bed 1 Bath1BR,1BA$3.25
SYCAMORE LANE APARTMENT HOMESAgave1BR,1BA$3.29
Siena TerraceNaples1BR,1BA$3.43

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Best Local Schools in
Rancho Santa Margarita, CA

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Rancho Santa Margarita Apartments

What is the Cheapest Studio apartment in Rancho Santa Margarita?

Currently the most affordable Cheap Studio Apartment in Rancho Santa Margarita is at 55+ Community FountainGlen Rancho Santa Margarita listed at $2,198.

How much is rent for a Cheap One Bedroom Rancho Santa Margarita Apartment?

The lowest price for a Cheap One Bedroom Rancho Santa Margarita Apartment is $2,150 at Saddleback Ranch Apartments.

What is the lowest price for a Cheap Two Bedroom Rancho Santa Margarita Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rancho Santa Margarita is starting from $2,735 at Villa La Paz Apartment Homes.

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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Rent According to Income: A Look at Income-Restricted Rentals

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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