
Cheap Apartments for Rent in Santa Margarita, CA from $600 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Santa Margarita.


Villa del Sol Senior Apts 55+

La Vista
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6320 Santa Ynez Ave
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Santa Margarita, CA Local Guide

How much does it cost to rent an apartment in Santa Margarita?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Santa Margarita Studio Apartments | $2,409 | $1,030 | $2,855 |
Santa Margarita 1 Bedroom Apartments | $2,643 | $1,325 | $3,834 |
Santa Margarita 2 Bedroom Apartments | $2,893 | $1,237 | $6,310 |
Santa Margarita 3 Bedroom Apartments | $3,533 | $2,395 | $4,828 |
Santa Margarita 4 Bedroom Apartments | $5,401 | $5,401 | $5,401 |
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Santa Margarita, CA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
California Grand Manor Senior Apartments | Studio | Studio,1BA | $1,030 |
La Vista | Studio | Studio,1BA | $1,493 |
Gateway Apartments | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
de Tolosa Ranch Apartments | 2BR/2.5BA | 2BR,2.5BA | $2.51 |
Paso de Oak | 3 Bedroom | 3BR,2BA | $2.64 |
Arrive Paso Robles | The Grace | 2BR,2BA | $2.56 |
Emerald Ridge Apartments | 2BR/1.0BA | 2BR,1BA | $2.45 |
Villa Del Rio | 2 Bedroom with Laundry | 2BR,1BA | $2.62 |
La Plaza Villas | 2/2 | 2BR,2BA | $2.52 |
Bordeaux House Apartments | Two Bedroom Two Bath | 2BR,2BA | $2.12 |
Sierra Sands | 2 Bedroom 1 Bath | 2BR,1BA | $2.38 |
The Oaks at Jornada | 2bdx2bth Renovated, upstairs, electric | 2BR,2BA | $2.54 |
California Grand Manor Senior Apartments | 1 bedroom | 1BR,1BA | $1.93 |
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Pet Friendly LifestyleSanta Margarita, CA
Ranked #533
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!
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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.

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.

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.

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.

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.