5010 Palma Ave
AtascaderoCA93422
Cheap Homes for Rent in Santa Margarita, CA from $2,300 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Santa Margarita.
750 Chorro St
San Luis ObispoCA93401
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.
55 Stenner St
San Luis ObispoCA93405
85 Stenner St
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.
932 Calle Cynthia
AtascaderoCA93422
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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 a home in Santa Margarita?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Santa Margarita 2 Bedroom Homes for Rent | $3,331 | $2,850 | $4,200 |
| Santa Margarita 3 Bedroom Homes for Rent | $4,413 | $3,100 | $5,600 |
| Santa Margarita 4 Bedroom Homes for Rent | $7,020 | $6,000 | $9,200 |
| Santa Margarita 5 Bedroom Homes for Rent | $9,600 | $7,900 | $10,000+ |
| Santa Margarita 6 Bedroom Homes for Rent | $7,500 | $7,500 | $7,500 |
Browse Top Homes for Rent in Santa Margarita
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa del Sol Senior Apts 55+ | Plan 6 | 1BR,1BA | $1,225 |
| Vista Robles | 1 Bed, 1 bath | 1BR,1BA | $1,240 |
| Wineman | Third Floor | Studio,1BA | $1,250 |
Best Value Apartments for Rent in Santa Margarita, CA and Nearby
As of May 27, 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 $2,918 with a $2.57 price per square foot . 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 | $2.63 |
| Blue Oak | The Chardonnay | 2BR,1.5BA | $2.57 |
| Arrive Paso Robles | The Grace | 2BR,2BA | $2.29 |
| Sierra Sands | 3 Bedroom 2 Bath | 3BR,2BA | $2.12 |
| La Plaza Villas | 3/1 Flat | 3BR,1BA | $2.36 |
| Bordeaux House Apartments | 22 | 2BR,2BA | $2.30 |
| Cassia Apartments | Two Bed Downstairs | 2BR,2BA | $2.63 |
| Dry Creek Apartments | 2x1 | 2BR,1BA | $2.35 |
| Vista Robles | 1 Bed, 1 bath | 1BR,1BA | $1.91 |
| Villa del Sol Senior Apts 55+ | Plan 6 | 1BR,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.
Read Article
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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See the most popular apartments and homes in Santa Margarita, CA
Frequently Asked Questions about Santa Margarita
What type of rentals are currently available in Santa Margarita?
There are currently 58 Apartments for Rent in Santa Margarita, CA with pricing that ranges from $989 to $4,200. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Margarita ranging from $2,300 to $12,500.
What is the current price range for Rental Homes in Santa Margarita?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Santa Margarita ranges from $2,300 to $12,500 with an average monthly rent of $5,694.
How much are larger Three and Four Bedroom Rentals in Santa Margarita?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Santa Margarita range from $2,395 to $3,425, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,100 to $5,600. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $1,380.
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
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.
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.
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.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.