
Cheap Homes for Rent in Rancho Santa Margarita, CA from $1,500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Rancho Santa Margarita.


37 Vía Hermosa

26832 Belleza Cir

9 Pegasus Dr

20702 El Toro Rd

58 Gavilan
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.

19801 Meadow Ridge Dr

25 Roble

28346 Pueblo Dr

28346 Pueblo Dr

23335 La Crescenta

23236 Orange Ave
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.

12 Galleria
Rancho Santa Margarita, CA Local Guide

How much does it cost to rent a home in Rancho Santa Margarita?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rancho Santa Margarita 2 Bedroom Homes for Rent | $3,345 | $2,700 | $4,150 |
| Rancho Santa Margarita 3 Bedroom Homes for Rent | $4,499 | $3,800 | $5,500 |
| Rancho Santa Margarita 4 Bedroom Homes for Rent | $6,231 | $4,900 | $9,500 |
| Rancho Santa Margarita 5 Bedroom Homes for Rent | $9,850 | $5,200 | $10,000+ |
Browse Top Homes for Rent in Rancho Santa Margarita
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Rancho Santa Margarita, CA Local Guide
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Cheapest Neighborhoods for Apartments in Rancho Santa Margarita, CA
Pricing Updated: 07/05/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Rancho Santa Margarita Central | $3,450 | $3,000 | 2 |
| Las Flores | $4,900 | $4,900 | 1 |
| Samlarc | $5,600 | $2,450 | 11 |
| Tijeras Creek Golf Club | $8,000 | $2,195 | 24 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 55+ Community FountainGlen Rancho Santa Margarita | Sedona | Studio,1BA | $2,088 |
| Villas Aliento Apartment Homes | Plan 4 | Studio,1BA | $2,165 |
| Emerald Court Apartment Homes | Plan 1 | 1BR,1BA | $2,195 |
| Vista Del Lago | Costa | 1BR,1BA | $2,215 |
| Westridge Apartment Homes | Navaho | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bellecour Way Apartment Homes | Lyon | 2BR,2.5BA | $2.82 |
| Ridgecrest Apartments | Plan B | 2BR,2BA | $2.89 |
| Villa La Paz Apartment Homes | Plan B | 2BR,2BA | $3.27 |
| The Highlands | Plan A1 | 1BR,1BA | $3.39 |
| Heritage Square Senior Apartment Homes | Plan 3 | 2BR,1BA | $3.44 |
| SERRANO HIGHLANDS APARTMENT HOMES | Monterey | 1BR,1.2BA | $3.36 |
| Las Flores Apartment Homes | Plan A | 1BR,1BA | $3.42 |
| Avila at Rancho Santa Margarita | A1 | 1BR,1BA | $3.61 |
| Sonterra at Foothill Ranch | Jasmine | 1BR,1BA | $3.56 |
| Siena Terrace | Naples | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
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
See the most popular apartments and homes in Rancho Santa Margarita, CA
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

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.

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.

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.

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.