Cheap Apartments for Rent near Santa Margarita, CA from $600 (50 Rentals)

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

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La Vista
$1,586 - $10,037
Total Monthly Price

Total Monthly Price

Base Rent
$1,586 - $10,037
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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424 East Mill Street
1 to 4 Bedroom Apartments

424 East Mill Street

418-424 E Mill StSanta Maria, CA 93454
Student Housing
property at 680 Chorro St

$1,250 - $2,300

2 Bedroom Rentals

Available Now

680 Chorro St

San Luis ObispoCA93401
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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
  • Utilities Included
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University Chorro Commons
1 to 2 Bedroom Apartments

University Chorro Commons

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

Harvest Lofts

845 Madonna RdSan Luis Obispo, CA 93405
  • Utilities Included
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Las Lomas Village
1 to 3 Bedroom Apartments

Las Lomas Village

9245 Ciruela WayAtascadero, CA 93422
  • Utilities Included
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2710 Spyglass Dr
1 Bedroom Apartments

2710 Spyglass Dr

2710 Spyglass DrShell Beach, CA 93449
  • 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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Reserve at Vinedo
1 to 3 Bedroom Apartments

Reserve at Vinedo

1573 Parkview LnPaso Robles, CA 93446
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742 Boysen Ave
2 Bedroom Apartments

742 Boysen Ave

742 Boysen AveSan Luis Obispo, CA 93405
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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 1

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 Studio unit found at Villa Paseo Palms in the Paso Robles neighborhood priced from $1,396. La Vista in the Santa Maria neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,586. Here is today’s list of the most affordable Santa Margarita apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Paseo PalmsStudioStudio,1BA$1,396
La VistaStudioStudio,1BA$1,586
Hancock Terrace0x1 SpeakStudio,1BA$1,799
Peach StreetSTUDIOStudio,1BA$1,850
Laguna Terrace ApartmentsTwo/One2BR,1BA$1,950
Cassia ApartmentsOne Bed B1BR,1BA$1,963
Alturas Paso Robles Apartment Homes1/1A1BR,1BA$1,995
240 Spring StreetDowntown Paso Robles 2 Bedroom 1 Bathroom with ...2BR,1BA$2,050
Dry Creek Apartments2x12BR,1BA$2,125
Villa del Sol Senior Apts 55+Plan 52BR,1BA$2,150

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

As of July 13, 2026 the best value apartment in the Santa Margarita area is the $2.23 price per square foot The Adeline Model at Arrive Paso Robles in the in the Paso Robles neighborhood starting from $3,025. The second greatest value Santa Margarita apartment is the 2BR/1.5BA Model at Emerald Ridge Apartments starting at $3,050 with a $2.57 price per square foot in the Morro Bay Cayucos Cambria neighborhood. 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.
Arrive Paso RoblesThe Adeline3BR,3BA$2.23
Emerald Ridge Apartments2BR/1.5BA2BR,1.5BA$2.57
Blue OakThe Pinot Gris2BR,2BA$2.89
Villa Del Rio2 Bedroom 2 Bath2BR,2BA$2.97
La Plaza Villas2/2 Flat2BR,2BA$2.52
Laguna Terrace ApartmentsTwo/One2BR,1BA$2.27
Irish Hills Hamlet Apartments2BR/1.0BA2BR,1BA$2.94
Dry Creek Apartments2x22BR,2BA$2.56
240 Spring StreetDowntown Paso Robles 2 Bedroom 1 Bathroom with ...2BR,1BA$2.73
Alturas Paso Robles Apartment Homes1/1A1BR,1BA$3.01

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Santa Margarita, CA Rentals by Map

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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 $1,482 at Villa Paseo Palms.

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 $1,729 at Villa Paseo Palms.

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 $2,295.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.