Cheap Homes for Rent in Rancho Penasquitos Neighborhood of San Diego, CA from $1,800 (18 Rentals)

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Search the lowest-cost Homes available for rent right now in the Rancho Penasquitos area of San Diego.

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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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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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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Rancho Penasquitos, San Diego, CA Local Guide

Cheapest Available Rancho Penasquitos Apartments for Rent

 

The cheapest available apartment rental in the Rancho Penasquitos area of San Diego, CA is a Studio unit found at Penasquitos Point priced from $1,700. eaves Rancho Penasquitos has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,135. Here are the most affordable Rancho Penasquitos apartments for rent in San Diego, CA:

Apartment ListingModel NameBed/BathPriced From
Penasquitos PointStudioStudio,1BA$1,700
eaves Rancho PenasquitosA21BR,1BA$2,135
Rancho VillasTwo Bedroom2BR,1BA$2,300
Carmel LandingNewport1BR,1BA$2,359
Canyon Rim ApartmentsB1 Market Rate2BR,1BA$2,370

Best Value Apartments for Rent in Rancho Penasquitos, CA

As of December 04, 2025 the best value apartment in the Rancho Penasquitos area is the $2.95 price per square foot 3 Bedrooms 2 Bath (A) Renovated Model at Sofi Highlands in the in the Mira Mesa neighborhood starting from $3,775. The second greatest value Rancho Penasquitos apartment is the Laguna Model at Montierra starting at $2,956 with a $2.77 price per square foot in the Mira Mesa neighborhood. Here is today’s list of the best values for Rancho Penasquitos apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sofi Highlands3 Bedrooms 2 Bath (A) Renovated3BR,2BA$2.95
MontierraLaguna2BR,2BA$2.77
Sofi Westview2 Bedroom 2 Bath A Renovated2BR,2BA$3.11
The Villas at Camino BernardoMadera2BR,2BA$3.19
The HillsThe Sierras2BR,1BA$2.82
Sofi Canyon Hills2B2B-A (Upgraded)2BR,2BA$2.97
Cresta BellaArezzo Lower1BR,1BA$3.33
Canyon Rim ApartmentsB1 Market Rate2BR,1BA$2.79
Rancho VillasTwo Bedroom2BR,1BA$2.88
Penasquitos PointCerritos1BR,1BA$2.97

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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The Student Renter's Ultimate Guide to Finding the Perfect San Diego Neighborhood to Rent

Learn About the Best Neighborhoods to Rent Near College Campuses in San Diego, CA | Find San Diego Off-Campus Student Housing

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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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Pet Friendly Lifestyle
Rancho Penasquitos, San Diego, CA

Ranked #75

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 Penasquitos, San Diego, CA

School data provided by Great Schools

Frequently Asked Questions about Rancho Penasquitos

What type of rentals are currently available in Rancho Penasquitos?

There are currently 42 Apartments for Rent in Rancho Penasquitos, CA with pricing that ranges from $1,700 to $10,000. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rancho Penasquitos ranging from $1,800 to $13,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rancho Penasquitos ranges from $1,800 to $13,000 with an average monthly rent of $5,161.

How much are larger Three and Four Bedroom Rentals in Rancho Penasquitos?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rancho Penasquitos range from $2,629 to $5,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,800 to $8,500. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $6,000.

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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Top 10 Most Affordable Neighborhoods in San Diego: A Local Real Estate Expert Guide

Written by: Hayden Goldberg

Aloha! I’m Hayden, your local San Diego Realtor and relocation expert with ApartmentHomeLiving.com.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!