Cheap Apartments for Rent in Santa Margarita, CA from $600 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in Santa Margarita.

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La Vista
$1,712 - $3,787
Total Monthly Price

Total Monthly Price

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$1,712 - $3,787
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

La Vista

740 S Western AveSanta Maria, CA 93458
Affordability
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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.

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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.

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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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Blue Oak
$2,822 - $3,377
Total Monthly Price

Total Monthly Price

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$2,822 - $3,377
Total Monthly Price
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1 to 4 Bedroom Apartments Available Now

Blue Oak

710 Experimental Station RdPaso Robles, CA 93446
Luxury
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424 East Mill Street
1 to 4 Bedroom Apartments

424 East Mill Street

418-424 E Mill StSanta Maria, CA 93454
Student Housing
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River Walk Terrace
1 to 2 Bedroom Apartments

River Walk Terrace

120 Niblick RdPaso Robles, CA 93446
Senior Living
  • Utilities Included
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Gateway Apartments
Studio to 2 Bedroom Apartments

Gateway Apartments

101 N BroadwaySanta Maria, CA 93454
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University Chorro Commons
1 to 2 Bedroom Apartments

University Chorro Commons

263 N ChorroSan Luis Obispo, CA 93405
Student Housing
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Harvest Lofts
Studio to 1 Bedroom Apartments

Harvest Lofts

845 Madonna RdSan Luis Obispo, CA 93405
  • Utilities Included

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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Paso de Oak
1 to 3 Bedroom Apartments

Paso de Oak

3548 Oak StPaso Robles, CA 93446
  • Utilities Included
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Roundhouse Place
Studio to 3 Bedroom Apartments

Roundhouse Place

2220-2224 Emily StSan Luis Obispo, CA 93401
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2710 Spyglass Dr
1 Bedroom Apartments

2710 Spyglass Dr

2710 Spyglass DrShell Beach, CA 93449
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Las Lomas Village
1 to 3 Bedroom Apartments

Las Lomas Village

9245 Ciruela WayAtascadero, CA 93422
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Reserve at Vinedo
1 to 3 Bedroom Apartments

Reserve at Vinedo

1573 Parkview LnPaso Robles, CA 93446
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421 Dana St
1 to 2 Bedroom Apartments

421 Dana St

421 Dana StSan Luis Obispo, CA 93401
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2800 Broad St
1 to 2 Bedroom Apartments

2800 Broad St

2800 Broad StSan Luis Obispo, CA 93401
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Santa Margarita, CA Local Guide

Cheapest Available Santa Margarita Apartments for Rent and Nearby

 

The cheapest available apartment rental in Santa Margarita, CA is a 1 Bed unit found at Villa del Sol Senior Apts 55+ in the Harvest Glen neighborhood priced from $1,225. Vista Robles in the The Summit neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,240. Here is today’s list of the most affordable Santa Margarita apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa del Sol Senior Apts 55+Plan 61BR,1BA$1,225
Vista Robles1 Bed, 1 bath1BR,1BA$1,240
Villa Paseo PalmsStudioStudio,1BA$1,396
La VistaStudioStudio,1BA$1,712
Sierra Sands1 Bedroom 1 Bath1BR,1BA$1,820
Hancock Terrace1x1 Deco1BR,1BA$1,899
Dry Creek Apartments2x12BR,1BA$1,950
Avila Apartments in Downtown SLOAvila StudioStudio,1BA$1,975
Alturas Paso Robles Apartment Homes1/1A1BR,1BA$1,995
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2,050

Best Value Apartments for Rent in Santa Margarita, CA and Nearby

As of May 29, 2026 the best value apartment in the Santa Margarita area is the $2.63 price per square foot 2BR/2.5BA Model at de Tolosa Ranch Apartments in the in the Laguna Lake neighborhood starting from $3,425. The second greatest value Santa Margarita apartment is the The Chardonnay Model at Blue Oak starting at $2,822 with a $2.48 price per square foot . Here is today’s list of the best values for Santa Margarita apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
de Tolosa Ranch Apartments2BR/2.5BA2BR,2.5BA$2.63
Blue OakThe Chardonnay2BR,1.5BA$2.48
Arrive Paso RoblesThe Grace2BR,2BA$2.29
Sierra Sands3 Bedroom 2 Bath3BR,2BA$2.12
La Plaza Villas3/1 Flat3BR,1BA$2.36
Cassia ApartmentsTwo Bed Downstairs2BR,2BA$2.63
The Oaks at Jornada2bdx2bth, Renovated, upstairs, electric, $22502BR,2BA$2.57
Dry Creek Apartments2x12BR,1BA$2.29
Vista Robles1 Bed, 1 bath1BR,1BA$1.91
Villa del Sol Senior Apts 55+Plan 61BR,1BA$2.48

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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Real 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.

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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 Villa Paseo Palms listed at $1,396.

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

The lowest price for a Cheap One Bedroom Santa Margarita Apartment is $1,225 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 $1,460 at Vista Robles.

What is the most affordable Santa Margarita Three Bedroom Apartment?

The best deal on a cheap Santa Margarita Three Bedroom Apartment rental is at La Plaza Villas and starts from $2,250.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.