
Cheap Homes for Rent in Rancho Penasquitos Neighborhood of San Diego, CA from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Rancho Penasquitos area of San Diego.


10062 Paseo Montril

10854 Sabre Hill Dr

13020 Wimberly Sq, Unit 16

11039 Via Parma
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13687 Paseo Cardiel

10341 Azuaga St, Unit 247

9414 Twin Trails Dr

9438 Twin Trails Dr

10371 Azuaga St
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10911 Sabre Hills Dr
Rancho Penasquitos, San Diego, CA Local Guide

How much does it cost to rent a home in Rancho Penasquitos?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rancho Penasquitos 2 Bedroom Homes for Rent | $2,946 | $2,295 | $4,500 |
| Rancho Penasquitos 3 Bedroom Homes for Rent | $4,690 | $3,100 | $9,500 |
| Rancho Penasquitos 4 Bedroom Homes for Rent | $5,777 | $4,400 | $8,500 |
| Rancho Penasquitos 5 Bedroom Homes for Rent | $5,450 | $5,450 | $5,450 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Rancho Penasquitos Neighborhood of San Diego, CA.
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Rancho Penasquitos, San Diego, CA Local Guide
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Cheapest Available Rancho Penasquitos Apartments for Rent
 The cheapest available apartment rental in the Rancho Penasquitos area of San Diego, CA is a 1 Bed unit found at Penasquitos Point priced from $2,174. Rancho Villas has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,300. Here are the most affordable Rancho Penasquitos apartments for rent in San Diego, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Penasquitos Point | Cerritos | 1BR,1BA | $2,174 |
| Rancho Villas | Two Bedroom | 2BR,1BA | $2,300 |
| Canyon Rim Apartments | B1 Market Rate | 2BR,1BA | $2,315 |
| The Villas at Camino Bernardo | Palmilla | 1BR,1BA | $2,375 |
| Carmel Terrace | Gardenia | 1BR,1BA | $2,406 |
Best Value Apartments for Rent in Rancho Penasquitos, CA
As of March 12, 2026 the best value apartment in the Rancho Penasquitos area is the $2.83 price per square foot Laguna Model at Montierra in the in the Mira Mesa neighborhood starting from $3,026. The second greatest value Rancho Penasquitos apartment is the 2 Bedroom 2 Baths (A) Renovated Model at Sofi Highlands starting at $3,398 with a $3.40 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Montierra | Laguna | 2BR,2BA | $2.83 |
| Sofi Highlands | 2 Bedroom 2 Baths (A) Renovated | 2BR,2BA | $3.40 |
| Sofi Westview | 2 Bedroom 2 Bath A Renovated | 2BR,2BA | $3.37 |
| The Hills | The Sierras | 2BR,1BA | $2.88 |
| Sofi Canyon Hills | 2B2B-A (Upgraded) | 2BR,2BA | $3.34 |
| Cresta Bella | Arezzo Lower | 1BR,1BA | $3.29 |
| Canyon Rim Apartments | B1 Market Rate | 2BR,1BA | $2.73 |
| Rancho Villas | Two Bedroom | 2BR,1BA | $2.88 |
| Penasquitos Point | Cerritos | 1BR,1BA | $2.97 |
| The Villas at Camino Bernardo | Palmilla | 1BR,1BA | $3.38 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
Read ArticleThe 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
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 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 44 Apartments for Rent in Rancho Penasquitos, CA with pricing that ranges from $1,700 to $10,000. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rancho Penasquitos ranging from $990 to $9,500.
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 $990 to $9,500 with an average monthly rent of $4,116.
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 $9,565, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,100 to $9,500. Four Bedroom Single-Family rentals are also available starting from $4,400 and Four Bedroom Apartments start at $6,000.
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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect San Diego Neighborhood for Student Renters
Written by: Hayden Goldberg
Choosing the right place to live during your college years can make or break your collegiate experience. My name is Hayden, I’m a San Diego area expert with ApartmentHomeLiving.com and have been in the real estate world for years.
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Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
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Renting your next home can feel thrilling and overwhelming at the same time.

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.

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.