Cheap Apartments for Rent in Santa Margarita, CA from $600 (8 Rentals)

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

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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 Bedroom Apartments

River Walk Terrace

120 Niblick RdPaso Robles, CA 93446
Senior Living
  • Utilities Included

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.

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 California Grand Manor Senior Apartments in the Atascadero Templeton neighborhood priced from $1,030. La Vista in the Harvest Glen neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,493. Here is today’s list of the most affordable Santa Margarita apartments for rent:

Apartment ListingModel NameBed/BathPriced From
California Grand Manor Senior ApartmentsStudioStudio,1BA$1,030
La VistaStudioStudio,1BA$1,493
Gateway ApartmentsStudioStudio,1BA$1,835

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

As of August 03, 2025 the best value apartment in the Santa Margarita area is the $2.51 price per square foot 2BR/2.5BA Model at de Tolosa Ranch Apartments in the in the Laguna Lake neighborhood starting from $3,295. The second greatest value Santa Margarita apartment is the 3 Bedroom Model at Paso de Oak starting at $2,900 with a $2.64 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.
de Tolosa Ranch Apartments2BR/2.5BA2BR,2.5BA$2.51
Paso de Oak3 Bedroom3BR,2BA$2.64
Arrive Paso RoblesThe Grace2BR,2BA$2.56
Emerald Ridge Apartments2BR/1.0BA2BR,1BA$2.45
Villa Del Rio2 Bedroom with Laundry2BR,1BA$2.62
La Plaza Villas2/22BR,2BA$2.52
Bordeaux House ApartmentsTwo Bedroom Two Bath2BR,2BA$2.12
Sierra Sands2 Bedroom 1 Bath2BR,1BA$2.38
The Oaks at Jornada2bdx2bth Renovated, upstairs, electric2BR,2BA$2.54
California Grand Manor Senior Apartments1 bedroom1BR,1BA$1.93

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Pet Friendly Lifestyle
Santa Margarita, CA

Ranked #533

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 California Grand Manor Senior Apartments listed at $1,030.

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

The lowest price for a Cheap One Bedroom Santa Margarita Apartment is $1,325 at California Grand Manor Senior Apartments.

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 $2,013 at Bordeaux House 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 Paso de Oak and starts from $2,900.

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.