Cheap Apartments for Rent in the Rancho Santa Margarita Central Neighborhood of Rancho Santa Margarita, CA from $1,900 (10 Rentals)

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

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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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.

Read Article
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Rancho Santa Margarita Central, Rancho Santa Margarita, CA Local Guide

Cheapest Available Rancho Santa Margarita Central Apartments for Rent

 

The cheapest available apartment rental in the Rancho Santa Margarita Central area of Rancho Santa Margarita, CA is a Studio unit found at 55+ FountainGlen Rancho Santa Margarita priced from $1,974. Villas Aliento Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $2,045. Here are the most affordable Rancho Santa Margarita Central apartments for rent in Rancho Santa Margarita, CA:

Apartment ListingModel NameBed/BathPriced From
55+ FountainGlen Rancho Santa MargaritaSedonaStudio,$1,974
Villas Aliento Apartment HomesPlan 4Studio,1BA$2,045
Villa La Paz Apartment HomesPlan D1BR,1BA$2,170

Best Value Apartments for Rent in Rancho Santa Margarita Central, CA

As of October 15, 2025 the best value apartment in the Rancho Santa Margarita Central area is the $3.17 price per square foot $1000 Off Move In Special: Upgraded 2x2 in Lake... Model at River Oaks Apartments in the in the Mission Viejo North neighborhood starting from $3,045. The second greatest value Rancho Santa Margarita Central apartment is the Plan C Model at Villa La Paz Apartment Homes starting at $2,755 with a $2.90 price per square foot in the Rancho Santa Margarita North neighborhood. Here is today’s list of the best values for Rancho Santa Margarita Central apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River Oaks Apartments$1000 Off Move In Special: Upgraded 2x2 in Lake...2BR,2BA$3.17
Villa La Paz Apartment HomesPlan C2BR,2BA$2.90
The HighlandsPlan B12BR,2BA$3.51
Avila at Rancho Santa MargaritaA11BR,1BA$3.47
Vista Del LagoCosta1BR,1BA$3.64
Overture Rancho Santa Margarita 55+ Senior Housing Apartment HomesBella1BR,1BA$4.00
Madrid1x1ALOR1BR,1BA$3.68
Los Alisos at Mission ViejoOne Bedroom A1B1BR,1BA$3.72
Cortesia at Rancho Santa MargaritaSiena A11BR,1BA$3.67
Villas Antonio Apartment HomesPlan One1BR,1BA$3.85

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Pet Friendly Lifestyle
Rancho Santa Margarita Central, Rancho Santa Margarita, CA

Ranked #4

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Rancho Santa Margarita Central, Rancho Santa Margarita, CA

School data provided by Great Schools

Frequently Asked Questions about Cheap Rancho Santa Margarita Central Apartments

What is the Cheapest Studio apartment in Rancho Santa Margarita Central?

Currently the most affordable Cheap Studio Apartment in Rancho Santa Margarita Central is at 55+ FountainGlen Rancho Santa Margarita listed at $1,974.

How much is rent for a Cheap One Bedroom Rancho Santa Margarita Central Apartment?

The lowest price for a Cheap One Bedroom Rancho Santa Margarita Central Apartment is $2,050 at 55+ FountainGlen Rancho Santa Margarita.

What is the lowest price for a Cheap Two Bedroom Rancho Santa Margarita Central Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rancho Santa Margarita Central is starting from $2,722 at Vista Del Lago.

What is the most affordable Rancho Santa Margarita Central Three Bedroom Apartment?

The best deal on a cheap Rancho Santa Margarita Central Three Bedroom Apartment rental is at Cortesia at Rancho Santa Margarita and starts from $3,569.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.