680 Chorro St
San Luis ObispoCA93401
Cheap Homes for Rent near Santa Margarita, CA from $1,250 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Santa Margarita.
5525 Capistrano Ave
AtascaderoCA93422
7478 Santa Ysabel Ave
AtascaderoCA93422
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1051 1/2 Buchon St
San Luis ObispoCA93401
1203 Pismo St
San Luis ObispoCA93401
3710 El Camino Real
AtascaderoCA93422
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.
1269 Southwood Dr
San Luis ObispoCA93401
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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 | $2,711 | $1,250 | $3,650 |
| Santa Margarita 3 Bedroom Homes for Rent | $3,581 | $2,900 | $5,000 |
| Santa Margarita 4 Bedroom Homes for Rent | $4,900 | $4,100 | $5,500 |
| Santa Margarita 5 Bedroom Homes for Rent | $4,416 | $3,950 | $4,800 |
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 Santa Maria neighborhood priced from $1,250. River Walk Terrace in the Paso Robles neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,501. 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 | $1,250 |
| River Walk Terrace | One Bedroom 60% AMI | 1BR,1BA | $1,501 |
| Villa Paseo Palms | One Bedroom | 1BR,1BA | $1,556 |
Best Value Apartments for Rent in Santa Margarita, CA and Nearby
As of August 27, 2026 the best value apartment in the Santa Margarita area is the $1.47 price per square foot 4BR/2BA - Foothill Model at Palomar at SLO in the in the San Luis Obispo neighborhood starting from $1,695. The second greatest value Santa Margarita apartment is the The Grace Model at Arrive Paso Robles starting at $2,675 with a $2.47 price per square foot in the Paso Robles 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. |
|---|---|---|---|
| Palomar at SLO | 4BR/2BA - Foothill | 4BR,2BA | $1.47 |
| Arrive Paso Robles | The Grace | 2BR,2BA | $2.47 |
| Blue Oak | The Pinot Gris | 2BR,2BA | $2.63 |
| Chorro at SLO | 4BR/2BA - Morro | 4BR,2BA | $1.58 |
| La Plaza Villas | 3/1 Flat | 3BR,1BA | $2.41 |
| Laguna Terrace Apartments | Two/One | 2BR,1BA | $2.27 |
| Dry Creek Apartments | 2x1 | 2BR,1BA | $2.24 |
| 240 Spring Street | Downtown Paso Robles 2 Bedroom 1 Bathroom with ... | 2BR,1BA | $2.73 |
| River Walk Terrace | One Bedroom 60% AMI | 1BR,1BA | $2.39 |
| Villa Paseo Palms | One Bedroom | 1BR,1BA | $2.69 |
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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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 57 Apartments for Rent in Santa Margarita, CA with pricing that ranges from $1,030 to $3,950. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Margarita ranging from $1,250 to $5,500.
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 $1,250 to $5,500 with an average monthly rent of $3,399.
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 $3,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,900 to $5,000. Four Bedroom Single-Family rentals are also available starting from $4,100 and Four Bedroom Apartments start at $1,490.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.