Cheap Apartments for Rent in Rancho Santa Margarita, CA from $1,900 (32 Rentals)

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

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.

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property at 23195 Mesto

$1,400

1 Bedroom, 1 Bath Condo for Rent

Available Now

23195 Mesto

Mission ViejoCA92692

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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eaves Mission Viejo
1 to 2 Bedroom Apartments

eaves Mission Viejo

24950 Via Florecer ViaMission Viejo, CA 92692

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Rancho Santa Margarita, CA Local Guide

Cheapest Neighborhoods for Apartments in Rancho Santa Margarita, CA

Pricing Updated: 01/24/2026

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

NeighborhoodMedian PriceMin PriceAvailable Units
Las Flores$3,865$2,23573
Rancho Santa Margarita Central$4,102$2,26960
Samlarc$4,102$2,26970
Tijeras Creek Golf Club$4,280$2,26972

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 $1,999. 55+ FountainGlen Rancho Santa Margarita in the Rancho Santa Margarita North neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,164. 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$1,999
55+ FountainGlen Rancho Santa MargaritaPalermo1BR,1BA$2,164
Westridge Apartment HomesNavahoStudio,1BA$2,215
eaves Santa MargaritaA11BR,1BA$2,269
Emerald Court Apartment HomesPlan 11BR,1BA$2,275
Mosaic Apartment HomesPlan AStudio,1BA$2,300
Siena TerraceNaples1BR,1BA$2,302
Villa La Paz Apartment HomesPlan D1BR,1BA$2,315
Cortesia at Rancho Santa MargaritaSiena1BR,1BA$2,327
Los Alisos at Mission ViejoOne Bedroom A1B1BR,1BA$2,343

Best Value Apartments for Rent in Rancho Santa Margarita, CA

As of January 24, 2026 the best value apartment in the Rancho Santa Margarita area is the $3.03 price per square foot Seine Model at Bellecour Way Apartment Homes in the in the Mission Viejo North neighborhood starting from $4,220. The second greatest value Rancho Santa Margarita apartment is the Plan B Model at Ridgecrest Apartments starting at $2,964 with a $2.82 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.
Bellecour Way Apartment HomesSeine3BR,2.5BA$3.03
Ridgecrest ApartmentsPlan B2BR,2BA$2.82
Villas Antonio Apartment HomesPlan Five2BR,2BA$3.13
Trabuco Woods Apartment Homes2 Bed 2 Bath2BR,2BA$3.17
Crestwood Apartment Homes21A2BR,1BA$3.44
154 Canyon Woods Apartments1 Bedroom / 1 Bath1BR,1BA$3.04
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$2.67
Avila at Rancho Santa MargaritaA11BR,1BA$3.55
Siena TerraceNaples1BR,1BA$3.35
The ArborsPlan A11BR,1BA$3.45

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Best Local Schools in
Rancho Santa Margarita, CA

School data provided by Great Schools

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

Explore Rancho Santa Margarita, CA Rentals by Map

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See the most popular apartments and homes in Rancho Santa Margarita, CA

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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 SYCAMORE LANE APARTMENT HOMES listed at $2,195.

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 $1,999 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 $2,410 at Heritage Park Senior Apartment Homes.

What is the most affordable Rancho Santa Margarita Three Bedroom Apartment?

The best deal on a cheap Rancho Santa Margarita Three Bedroom Apartment rental is at Madrid and starts from $3,799.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.