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243 Apartments for rent in Rancho Santa Margarita, CA

Read Guide >
Last updated November 21 at 12:43pm UTC
Las Flores Apartment Homes
381 Sable
Rancho Santa Margarita, CA
Updated November 21 at 10:30am UTC
1 Bedroom
$1,860
2 Bedrooms
$2,315
17 Columbine
Dove Canyon
Rancho Santa Margarita, CA
Updated November 21 at 11:08am UTC
4 Bedrooms
$4,000
34 Reata
SAMLARC
Rancho Santa Margarita, CA
Updated November 21 at 11:08am UTC
3 Bedrooms
$3,400
34 Via Cordoba
SAMLARC
Rancho Santa Margarita, CA
Updated November 21 at 11:07am UTC
1 Bedroom
$1,875
56 Bloomfield Lane
Rancho Santa Margarita
Rancho Santa Margarita, CA
Updated November 21 at 11:07am UTC
3 Bedrooms
$2,825
292 Pasto Rico
SAMLARC
Rancho Santa Margarita, CA
Updated November 21 at 11:07am UTC
2 Bedrooms
$2,300
09 Greenspring
Dove Canyon
Rancho Santa Margarita, CA
Updated November 21 at 9:37am UTC
3 Bedrooms
$1,380
16 Korite
SAMLARC
Rancho Santa Margarita, CA
Updated November 21 at 9:37am UTC
4 Bedrooms
$3,050
5 Bedrooms
Ask
3 Golf View Dr
Dove Canyon
Rancho Santa Margarita, CA
Updated November 21 at 8:37am UTC
4 Bedrooms
$3,500
18 Arado
SAMLARC
Rancho Santa Margarita, CA
Updated November 21 at 8:37am UTC
5 Bedrooms
$4,495
33 Bloomfield Lane
Rancho Santa Margarita
Rancho Santa Margarita, CA
Updated November 20 at 2:15pm UTC
2 Bedrooms
$2,700
74 Rabano
SAMLARC
Rancho Santa Margarita, CA
Updated November 19 at 5:31am UTC
2 Bedrooms
$1,995
27 Vista Colinas
Robinson Ranch
Rancho Santa Margarita, CA
Updated November 18 at 9:14am UTC
2 Bedrooms
$2,400
7 San Vincente
Robinson Ranch
Rancho Santa Margarita, CA
Updated November 17 at 5:51am UTC
4 Bedrooms
$3,495
3 Calle Marta
SAMLARC
Rancho Santa Margarita, CA
Updated November 16 at 1:54am UTC
4 Bedrooms
$3,500
23 Teaberry Lane
SAMLARC
Rancho Santa Margarita, CA
Updated November 15 at 11:57am UTC
4 Bedrooms
$4,195
54 Gavilan
Robinson Ranch
Rancho Santa Margarita, CA
Updated November 15 at 11:54am UTC
2 Bedrooms
$1,799
21 Via Encanto
SAMLARC
Rancho Santa Margarita, CA
Updated November 20 at 2:19pm UTC
3 Bedrooms
$3,200
12 Midlothian
Dove Canyon
Rancho Santa Margarita, CA
Updated November 14 at 9:28am UTC
4 Bedrooms
$3,850
17 E Greenbrier
Dove Canyon
Rancho Santa Margarita, CA
Updated November 13 at 6:01pm UTC
5 Bedrooms
$4,200
City Guide
Rancho Santa Margarita
Moving to Rancho Santa Margarita

So, you like the idea of living the California lifestyle in Rancho Santa Margarita? Yes? Great! So, what do you need to bag yourself an apartment for rent in this thriving young city? Money is the first thing. You'll need enough ready cash to put down a deposit on a home for rent, and you'll also need documents to prove that you have the income necessary to keep on paying the rent on time. References from former landlords wouldn't go amiss either - with a vacancy rate of less than 5%, landlords here can afford to be a bit choosy about which tenants they take.

Make no mistake, this is an affluent community and as such can be rather exclusive. The prices of houses for rent range from the eye-wateringly expensive to the merely frown-inducing high values that everyone has come to expect in California. Let's hope you have a similarly large paycheck coming in.

Neighborhoods in Rancho Santa Margarita

Rancho Santa Margarita is made up of several planned neighborhoods. Some are vast gated communities, which offer security and peace of mind, particularly for parents with young children. Take a glance at these neighborhood descriptions to figure out which part of Rancho Santa Margarita you want to be your new locale.

Dove Canyon:Welcome to Rancho Santa Margarita's most exclusive neighborhood! Rents are sky-high and you could grow old while waiting for a rental home to become available in this luxurious gated community. If you do by some miracle manage to find a place here, you can be sure that it'll be beautifully presented, spacious, and surrounded by neighbors who enjoy the finer things in life. $$$$$

City Center:This centrally located neighborhood contains Central Park and the excellent Rancho Santa Margarita Intermediate School, so it might be a place to consider if you have kids in tow. However, the rental properties on offer here are mostly hi-rise apartments, so you'll have to go further out if you want a yard for the kids to run around in.$$$

Ave De Las Flores/Santa Margarita Pky:The cheapest homes for rent in Rancho Santa Margarita are found in the unnamed neighborhood just north of Santa Margarita Parkway. The hi-rise apartments here are almost affordable, although you will probably only get one or two bedrooms for your money. $$

Las Flores:Tucked away in the southern corner of the city, just below the Tijeras Creek Golf club, Las Flores is a quiet, suburban neighborhood offering rental properties in a range of sizes, from hi-rise apartments to five bedroom houses. No, it's not a lot cheaper than other neighborhoods, but vacancies do tend to come around a tiny bit more often. $$$$

Robinson Ranch:This is probably the ideal place to be if you've got kids. There are several great schools nearby and plenty of single-family homes. Unfortunately, competition is fierce. If you have your heart set on this neighborhood, start your search a long, long time in advance. $$$$

Rancho Trabuco:Please don't move here if you like to hide inside your home; it would be a terrible waste. This northern neighborhood is flanked by two beautiful parks -- O'Neill and Altisima -- and you also get impressive views over the Upper Oso reservoir. If green spaces and vast expanses of placid water help you relax, you'll be pretty chilled out here. That is, once you've gotten over the stress of paying the monthly rent. $$$$

Living in Rancho Santa Margarita

So, it's decision time: should you move to Rancho Santa Margarita? Well, if you've got the money, then you'll certainly get a wonderful quality of life here. The properties are for the most part modern and well-maintained, crime rates are a tiny fraction of the state average, and the schools are excellent. Unfortunately, affordability is the major sticking point for most people.

The best way to afford the home of your dreams in Rancho Santa Margarita is to find a well-paying job in the area. The city's top employer is Applied Medical, which produces medical equipment, so if you've got the right skills you might look for a position there. Cox Communications also has its headquarters here, so skilled jobs in telecommunications and broadcasting are also on offer. Otherwise, you might have to join the majority of residents in their daily commute to Irvine, Orange or Santa Ana, where medical and tech jobs abound. Whether or not you manage to find a job in Rancho Santa Margarita, you will almost certainly want to keep a car so you can get out and explore the nearby towns and cities.

During their downtime, residents of Rancho Santa Margarita like to spend time on the golf course, and there are several facilities available nearby. They also enjoy swimming and boating at theLago Santa Margarita Beach Club, which has space available for barbecues and picnics overlooking the man-made lake. Take some time exploring the trails around the lake and through the local parks, or plan a longer hike into the Cleveland National Forest.

If you can afford to move to Rancho Santa Margarita, you probably won't regret choosing this city. It's a safe, family-friendly place to live in a beautiful part of California. People have left glowing reviews of Skyview Apartments Rancho Santa Margarita. Specifically, they love about the green areas onsite, the expansive pool with outdoor grills, and the pet-friendly policy.

Rent Report
Rancho Santa Margarita

November 2018 Rancho Santa Margarita Rent Report

Welcome to the November 2018 Rancho Santa Margarita Rent Report. Rancho Santa Margarita rents increased over the past month. In this report, we'll evaluate trends in the Rancho Santa Margarita rental market, including comparisons to cities throughout the metro, state, and nation.

Rancho Santa Margarita rents increased moderately over the past month

Rancho Santa Margarita rents have increased 0.3% over the past month, but have decreased slightly by 0.2% in comparison to the same time last year. Currently, median rents in Rancho Santa Margarita stand at $1,930 for a one-bedroom apartment and $2,490 for a two-bedroom. Rancho Santa Margarita's year-over-year rent growth lags the state average of 1.3%, as well as the national average of 1.1%.

Rents rising across the Los Angeles Metro

While rent prices have decreased in Rancho Santa Margarita over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 8 of the largest 10 cities in the Los Angeles metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Santa Clarita has seen the fastest rent growth in the metro, with a year-over-year increase of 4.1%. The median two-bedroom there costs $2,610, while one-bedrooms go for $2,030.
  • Over the past month, Huntington Beach has seen the biggest rent drop in the metro, with a decline of 1.4%. Median two-bedrooms there cost $2,370, while one-bedrooms go for $1,850.
  • Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,710; rents were up 0.1% over the past month but remained flat year-over-year.
  • Lancaster has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,750; rents decreased 0.2% over the past month but were up 2.3% over the past year.

Many large cities nationwide show more affordable rents compared to Rancho Santa Margarita

As rents have fallen slightly in Rancho Santa Margarita, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Rancho Santa Margarita is less affordable for renters.

  • Other cities across the state have seen rents moderately increase, with California as a whole logging rent growth of 1.3% over the past year. For example, rents have grown by 2.7% in San Jose, 1.2% in San Francisco, and 0.9% in San Diego.
  • Rancho Santa Margarita's median two-bedroom rent of $2,490 is above the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the 0.2% decline in Rancho Santa Margarita.
  • While rents in Rancho Santa Margarita fell slightly over the past year, many cities nationwide saw increases, including Phoenix (+3.0%), Austin (+2.3%), and Houston (+1.8%).
  • Renters will generally find more expensive prices in Rancho Santa Margarita than most large cities. For example, Houston has a median 2BR rent of $1,030, where Rancho Santa Margarita is nearly two-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Los Angeles $1,370 $1,760 0.0% 1.3%
Long Beach $1,380 $1,780 -0.2% 1.0%
Anaheim $1,650 $2,120 -0.7% 2.2%
Santa Ana $1,450 $1,860 -0.6% 0.4%
Irvine $2,110 $2,710 0.1% 0.2%
Glendale $1,400 $1,800 0.9% 2.0%
Huntington Beach $1,850 $2,370 -1.4% -0.8%
Santa Clarita $2,030 $2,610 0.2% 4.1%
Garden Grove $1,630 $2,100 -0.1% -0.7%
Lancaster $1,360 $1,750 -0.2% 2.3%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.