Cheap Apartments for Rent in Rancho Santa Margarita, CA from $1,900 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
eaves Mission Viejo
1 to 2 Bedroom Apartments

eaves Mission Viejo

24950 Via Florecer ViaMission Viejo, CA 92692

Rancho Santa Margarita, CA Local Guide

Cheapest Neighborhoods for Apartments in Rancho Santa Margarita, CA

Pricing Updated: 11/15/2025

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$3,935$2,23583
Rancho Santa Margarita Central$4,050$2,13559
Samlarc$4,050$2,13573
Tijeras Creek Golf Club$4,230$2,23081

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 $1,950. Villas Aliento Apartment Homes in the Rancho Santa Margarita North neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,135. 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$1,950
Villas Aliento Apartment HomesPlan 4Studio,1BA$2,135
Emerald Court Apartment HomesPlan 11BR,1BA$2,155
55+ FountainGlen Rancho Santa MargaritaPalermo1BR,1BA$2,155
Westridge Apartment HomesNavahoStudio,1BA$2,225
Villa La Paz Apartment HomesPlan D1BR,1BA$2,230
Cortesia at Rancho Santa MargaritaSiena A11BR,1BA$2,237
Mosaic Apartment HomesPlan AStudio,1BA$2,260
eaves Santa MargaritaA11BR,1BA$2,310
Heritage Park Senior Apartment HomesPlan A1BR,1BA$2,340

Best Value Apartments for Rent in Rancho Santa Margarita, CA

As of November 15, 2025 the best value apartment in the Rancho Santa Margarita area is the $3.20 price per square foot Three Bedroom C2A Model at Los Alisos at Mission Viejo in the in the Mission Viejo North neighborhood starting from $3,999. The second greatest value Rancho Santa Margarita apartment is the 2 Bed 2 Bath Down Model at Saddleback Ranch Apartments starting at $3,432 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.
Los Alisos at Mission ViejoThree Bedroom C2A3BR,2BA$3.20
Saddleback Ranch Apartments2 Bed 2 Bath Down2BR,2BA$3.05
Adagio on the GreenB42BR,2BA$3.12
River Oaks ApartmentsMOVE IN SPECIAL: FIRST 2 WEEKS FREE! Upgraded 2...2BR,2BA$3.12
Crestwood Apartment Homes22A2BR,2BA$3.47
Villas Antonio Apartment HomesPlan Five2BR,2BA$2.99
Trabuco Woods Apartment Homes2 Bed 2 Bath2BR,2BA$3.32
Las Flores Apartment HomesPlan B1BR,1BA$3.40
154 Canyon Woods Apartments1 Bedroom / 1 Bath1BR,1BA$3.04
Ridgecrest ApartmentsPlan A1BR,1BA$3.12

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.

decorative image of people with a giant lease agreement

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

Explore Rancho Santa Margarita, CA Rentals by Map

View Map
Rancho Santa Margarita, CA Apartments Map
View Map
Rancho Santa Margarita, CA Rental Homes Map

Getting Around Rancho Santa Margarita, CA

Walk Score®

58 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

48 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Villas Aliento Apartment Homes listed at $2,135.

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 $1,950 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 $2,495 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 Sonterra at Foothill Ranch and starts from $3,799.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.