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Rent Specials
$875 - $2,200Studio to 1 Bedroom Apartments Available Now
Avila Apartments in Downtown SLO
475-497 Marsh StSan Luis Obispo, CA 93401
Cheap Apartments for Rent in Santa Margarita, CA from $600 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Santa Margarita.
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$1,030 - $2,097Studio to 2 Bedroom Apartments Contact Us For Availability
California Grand Manor Senior Apartments
10167 El Camino RealAtascadero, CA 93422
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1San Luis Obispo
San Luis ObispoCA93405
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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$1,350 - $2,550Studio to 2 Bedroom Apartments Available Now
Villa del Sol Senior Apts 55+
1311 W Battles RdSanta Maria, CA 93458
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$1,409 - $6,811Studio to 3 Bedroom Apartments Available Now
La Vista
740 S Western AveSanta Maria, CA 93458
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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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Santa Margarita, CA Local Guide
California Republic Flag by Håkan Dahlström is licensed under CC BY 2.0
How much does it cost to rent an apartment in Santa Margarita?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Santa Margarita Studio Apartments | $1,885 | $875 | $2,725 |
| Santa Margarita 1 Bedroom Apartments | $2,190 | $981 | $3,330 |
| Santa Margarita 2 Bedroom Apartments | $2,624 | $1,237 | $3,935 |
| Santa Margarita 3 Bedroom Apartments | $3,247 | $2,250 | $4,170 |
| Santa Margarita 4 Bedroom Apartments | $4,490 | $4,490 | $4,490 |
Browse Top Apartments in Santa Margarita
See all Apartments in Santa MargaritaExplore Santa Margarita
Santa Margarita, CA Local Guide
- Nearby Cities
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- School Districts
Cheapest Available Santa Margarita Apartments for Rent and Nearby
The cheapest available apartment rental in Santa Margarita, CA is a Studio unit found at Avila Apartments in Downtown SLO in the Valle Vista neighborhood priced from $875. Villa del Sol Senior Apts 55+ in the Harvest Glen neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here is today’s list of the most affordable Santa Margarita apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Avila Apartments in Downtown SLO | Avila Studio | Studio,1BA | $875 |
| Villa del Sol Senior Apts 55+ | Plan 9 | Studio,1BA | $1,350 |
| La Vista | Studio | Studio,1BA | $1,500 |
Best Value Apartments for Rent in Santa Margarita, CA and Nearby
As of November 15, 2025 the best value apartment in the Santa Margarita area is the $2.34 price per square foot The Chardonnay Model at Blue Oak in the starting from $2,663. The second greatest value Santa Margarita apartment is the 3 Bedroom 2 Bath Model at Sierra Sands starting at $2,283 with a $2.12 price per square foot in the Harvest Glen neighborhood. Here is today’s list of the best values for Santa Margarita apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Blue Oak | The Chardonnay | 2BR,1.5BA | $2.34 |
| Sierra Sands | 3 Bedroom 2 Bath | 3BR,2BA | $2.12 |
| La Plaza Villas | 3/2 Flat | 3BR,2BA | $2.47 |
| ReNew Atascadero | Two Bedroom Apartment | 2BR,2BA | $2.67 |
| Bordeaux House Apartments | Two Bedroom Two Bath | 2BR,2BA | $2.11 |
| Alder Creek Apartments | 2BR/1.0BA | 2BR,1BA | $2.61 |
| The Oaks at Jornada | 2bdx2bth Renovated, upstairs, electric | 2BR,2BA | $2.54 |
| Laguna Terrace Apartments | Two/One | 2BR,1BA | $2.21 |
| Dry Creek | 21 | 2BR,1BA | $2.38 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2.73 |
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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Pet Friendly LifestyleSanta Margarita, CA
Ranked #655
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Santa Margarita, CA Rentals by Map
See the most popular apartments and homes in Santa Margarita, CA
Frequently Asked Questions about Cheap Santa Margarita Apartments
What is the Cheapest Studio apartment in Santa Margarita?
Currently the most affordable Cheap Studio Apartment in Santa Margarita is at Avila Apartments in Downtown SLO listed at $875.
How much is rent for a Cheap One Bedroom Santa Margarita Apartment?
The lowest price for a Cheap One Bedroom Santa Margarita Apartment is $1,550 at Villa del Sol Senior Apts 55+.
What is the lowest price for a Cheap Two Bedroom Santa Margarita Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Santa Margarita is starting from $1,900 at Laguna Terrace Apartments.
What is the most affordable Santa Margarita Three Bedroom Apartment?
The best deal on a cheap Santa Margarita Three Bedroom Apartment rental is at Sierra Sands and starts from $2,283.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
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.