Cheap Homes for Rent in Rancho Santa Margarita, CA from $1,500 (13 Rentals)

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

property at 9 Pegasus Dr

$2,695

Total Monthly Price

Total Monthly Price

Base Rent
$2,695

Total Monthly Price
$2,695

1 Bedroom, 1 Bath Home for Rent

Available Now

9 Pegasus Dr

Coto De CazaCA92679

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 28346 Pueblo Dr

$2,950

Total Monthly Price

Total Monthly Price

Base Rent
$2,950

Total Monthly Price
$2,950

2 Bedroom, 2 Bath Townhome for Rent

Available Now

28346 Pueblo Dr

Trabuco CanyonCA92679

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.

Rancho Santa Margarita, CA Local Guide

Cheapest Neighborhoods for Apartments in Rancho Santa Margarita, CA

Pricing Updated: 07/05/2026

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
Rancho Santa Margarita Central$3,450$3,0002
Las Flores$4,900$4,9001
Samlarc$5,600$2,45011
Tijeras Creek Golf Club$8,000$2,19524

Cheapest Available Rancho Santa Margarita Apartments for Rent

 

The cheapest available apartment rental in Rancho Santa Margarita, CA is a Studio unit found at 55+ Community FountainGlen Rancho Santa Margarita in the Rancho Santa Margarita North neighborhood priced from $2,088. 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 $2,165. Here is today’s list of the most affordable Rancho Santa Margarita apartments for rent:

Apartment ListingModel NameBed/BathPriced From
55+ Community FountainGlen Rancho Santa MargaritaSedonaStudio,1BA$2,088
Villas Aliento Apartment HomesPlan 4Studio,1BA$2,165
Emerald Court Apartment HomesPlan 11BR,1BA$2,195
Vista Del LagoCosta1BR,1BA$2,215
Westridge Apartment HomesNavahoStudio,1BA$2,235

Best Value Apartments for Rent in Rancho Santa Margarita, CA

As of July 05, 2026 the best value apartment in the Rancho Santa Margarita area is the $2.82 price per square foot Lyon Model at Bellecour Way Apartment Homes in the in the Mission Viejo North neighborhood starting from $3,680. The second greatest value Rancho Santa Margarita apartment is the Plan B Model at Ridgecrest Apartments starting at $3,039 with a $2.89 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 HomesLyon2BR,2.5BA$2.82
Ridgecrest ApartmentsPlan B2BR,2BA$2.89
Villa La Paz Apartment HomesPlan B2BR,2BA$3.27
The HighlandsPlan A11BR,1BA$3.39
Heritage Square Senior Apartment HomesPlan 32BR,1BA$3.44
SERRANO HIGHLANDS APARTMENT HOMESMonterey1BR,1.2BA$3.36
Las Flores Apartment HomesPlan A1BR,1BA$3.42
Avila at Rancho Santa MargaritaA11BR,1BA$3.61
Sonterra at Foothill RanchJasmine1BR,1BA$3.56
Siena TerraceNaples1BR,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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Rancho Santa Margarita

What type of rentals are currently available in Rancho Santa Margarita?

There are currently 53 Apartments for Rent in Rancho Santa Margarita, CA with pricing that ranges from $2,123 to $5,875. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rancho Santa Margarita ranging from $1,550 to $20,000.

What is the current price range for Rental Homes in Rancho Santa Margarita?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rancho Santa Margarita ranges from $1,550 to $20,000 with an average monthly rent of $5,262.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.