Cheap Apartments for Rent in Rancho Santa Margarita, CA from $1,900 (26 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

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$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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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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eaves Mission Viejo
1 to 2 Bedroom Apartments

eaves Mission Viejo

24950 Via Florecer ViaMission Viejo, CA 92692
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Rancho Santa Margarita, CA Local Guide

Cheapest Neighborhoods for Apartments in Rancho Santa Margarita, CA

Pricing Updated: 03/16/2026

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
Tijeras Creek Golf Club$3,270$2,23572
Rancho Santa Margarita Central$3,979$2,23568
Samlarc$3,979$2,23578
Las Flores$4,230$2,23572

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. Heritage Square Senior Apartment Homes in the Highland Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,180. 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
Heritage Square Senior Apartment HomesPlan 21BR,1BA$2,180
Mosaic Apartment HomesPlan AStudio,1BA$2,200
Westridge Apartment HomesNavahoStudio,1BA$2,225
55+ Community FountainGlen Rancho Santa MargaritaPalermo1BR,1BA$2,233
Villa La Paz Apartment HomesPlan D1BR,1BA$2,235
SYCAMORE LANE APARTMENT HOMESAloeStudio,1BA$2,243
Villas Aliento Apartment HomesPlan 4Studio,1BA$2,255
Heritage Park Senior Apartment HomesPlan B1BR,1BA$2,255
Los Alisos at Mission ViejoStudio E1AStudio,1BA$2,275

Best Value Apartments for Rent in Rancho Santa Margarita, CA

As of March 16, 2026 the best value apartment in the Rancho Santa Margarita area is the $3.40 price per square foot B4 Model at Adagio on the Green in the in the Highland Park neighborhood starting from $3,670. The second greatest value Rancho Santa Margarita apartment is the Plan B Model at Ridgecrest Apartments starting at $2,906 with a $2.77 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.
Adagio on the GreenB42BR,2BA$3.40
Ridgecrest ApartmentsPlan B2BR,2BA$2.77
River Oaks ApartmentsMOVE IN SPECIAL: $600 Off First Month's Rent, U...2BR,2BA$3.12
Trabuco Woods Apartment Homes2 Bed 2 Bath2BR,2BA$3.17
Crestwood Apartment Homes21A2BR,1BA$3.51
The HighlandsPlan B12BR,2BA$3.34
154 Canyon Woods Apartments1 Bedroom / 1 Bath1BR,1BA$3.11
Saddleback Ranch Apartments1 Bed 1 Bath Down1BR,1BA$2.71
Emerald Court Apartment HomesPlan 21BR,1BA$3.30
Siena TerraceNaples1BR,1BA$3.32

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

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

Explore Rancho Santa Margarita, CA Rentals by Map

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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 Mosaic Apartment Homes listed at $2,200.

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 $2,295 at Heritage Square Senior 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.