Cheap Homes for Rent in Santa Margarita, CA from $1,200 (11 Rentals)

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 3 Beds unit found at Sierra Sands in the Harvest Glen neighborhood priced from $1,365. La Vista in the Harvest Glen neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,402. Here is today’s list of the most affordable Santa Margarita apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sierra Sands3 Bedroom 2 Bath3BR,2BA$1,365
La VistaStudioStudio,1BA$1,402
Hancock Terrace ApartmentsDeco1BR,1BA$1,878
Gateway ApartmentsStudioStudio,1BA$1,900
Avila Senior Living at Downtown SLOAvila Studio1BR,1BA$1,975

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

As of June 27, 2025 the best value apartment in the Santa Margarita area is the $2.65 price per square foot Three Bedroom Townhome Model at ReNew Atascadero in the in the Atascadero Templeton neighborhood starting from $3,395. The second greatest value Santa Margarita apartment is the 2 Bedroom with Laundry Model at Villa Del Rio starting at $2,550 with a $2.62 price per square foot in the The Summit 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.
ReNew AtascaderoThree Bedroom Townhome3BR,2.5BA$2.65
Villa Del Rio2 Bedroom with Laundry2BR,1BA$2.62
La Plaza Villas2/22BR,2BA$2.52
Bordeaux House ApartmentsTwo Bedroom Two Bath2BR,2BA$2.13
Sierra Sands2 Bedroom 1 Bath2BR,1BA$2.09
The Oaks at Jornada2bdx2bth, downstairs Renovated2BR,2BA$2.60
Blue OakThe Cabernet1BR,1BA$3.01
Hancock Terrace ApartmentsMural1BR,1BA$2.81
WinemanPent HouseStudio ,2BA$2.93
Siena ApartmentsCasita1BR,1BA$3.07

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Frequently Asked Questions about Santa Margarita

What type of rentals are currently available in Santa Margarita?

There are currently 50 Apartments for Rent in Santa Margarita, CA with pricing that ranges from $1,250 to $6,310. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Margarita ranging from $1,250 to $9,500.

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 $9,500 with an average monthly rent of $4,668.

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 $1,365 to $5,222, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,800 to $6,500. Four Bedroom Single-Family rentals are also available starting from $4,800 and Four Bedroom Apartments start at $1,660.

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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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.