Cheap Apartments for Rent in Rancho Santa Margarita, CA from $1,700 (27 Rentals)

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

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Rancho Santa Margarita, CA Local Guide

Cheapest Neighborhoods for Apartments in Rancho Santa Margarita, CA

Pricing Updated: 07/30/2025

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
Rancho Santa Margarita Central$3,902$2,07589
Samlarc$3,902$2,075102
Las Flores$4,255$2,17579
Tijeras Creek Golf Club$14,500$2,07584

Cheapest Available Rancho Santa Margarita Apartments for Rent

 

The cheapest available apartment rental in Rancho Santa Margarita, CA is a Studio unit found at Westridge Apartment Homes in the Mission Viejo Central neighborhood priced from $1,980. Saddleback Ranch Apartments in the Mission Viejo Central neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,995. Here is today’s list of the most affordable Rancho Santa Margarita apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westridge Apartment HomesNavahoStudio,1BA$1,980
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$1,995
55+ FountainGlen Rancho Santa MargaritaPalermo1BR,1BA$2,009
Villa La Paz Apartment HomesPlan D1BR,1BA$2,075
Heritage Park Senior Apartment HomesPlan A1BR,1BA$2,105
Mosaic Apartment HomesPlan AStudio,1BA$2,175
Heritage Square Senior Apartment HomesPlan 11BR,1BA$2,180
Overture Rancho Santa Margarita 55+ Senior Housing Apartment HomesBella1BR,1BA$2,195
SYCAMORE LANE APARTMENT HOMESAloeStudio,1BA$2,195

Best Value Apartments for Rent in Rancho Santa Margarita, CA

As of July 30, 2025 the best value apartment in the Rancho Santa Margarita area is the $3.20 price per square foot B2 Model at Avila at Rancho Santa Margarita in the in the Rancho Santa Margarita North neighborhood starting from $3,169. The second greatest value Rancho Santa Margarita apartment is the 2 BR 2 BA Premium w/ Garage Model at River Oaks Apartments starting at $3,045 with a $3.17 price per square foot in the Mission Viejo North 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.
Avila at Rancho Santa MargaritaB22BR,2BA$3.20
River Oaks Apartments2 BR 2 BA Premium w/ Garage2BR,2BA$3.17
Crestwood Apartment Homes22CL2BR,2BA$3.33
eaves Mission ViejoB22BR,2BA$3.16
The HighlandsPlan B12BR,2BA$3.40
Ridgecrest ApartmentsPlan A1BR,1BA$3.13
Saddleback Ranch Apartments1 Bed 1 Bath Down1BR,1BA$2.77
Avalon Baker RanchA31BR,1BA$3.46
Trabuco Woods Apartment Homes1 Bed 1 Bath1BR,1BA$3.15
Siena TerraceNaples1BR,1BA$3.34

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Best Local Schools in
Rancho Santa Margarita, CA

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Remember the 3 Rules of Real Estate:
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Explore Rancho Santa Margarita, CA Rentals by Map

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Westridge Apartment Homes listed at $1,980.

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 $1,995 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 $2,625 at Saddleback Ranch Apartments.

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

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.