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7 Apartments under 1600 for rent in Rancho Santa Margarita, CA

Featured
Forest Glen
25092 Farthing St
Lake Forest, CA
Updated February 19 at 11:34pm
1 Bedroom
$1,560
2 Bedrooms
$2,040
Near convenient transportation routes, including S18. All units are spacious and feature amenities such as walk-in closets and fireplaces. Community is pet-friendly and has a car wash area and clubhouse.
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21691 Queensbury Drive
21691 Queensbury Drive
Lake Forest, CA
Updated February 19 at 10:16pm
1 Bedroom
$1,200
17 Nature
17 Nature
Irvine, CA
Updated February 19 at 10:16pm
1 Bedroom
$1,250
41 Calle Aragon
41 Calle Aragon
Laguna Woods, CA
Updated February 19 at 10:16pm
1 Bedroom
$1,595
276 Streamwood
276 Streamwood
Irvine, CA
Updated February 19 at 10:16pm
1 Bedroom
$1,599
30 Groveside Drive
30 Groveside Drive
Aliso Viejo, CA
Updated February 19 at 10:16pm
1 Bedroom
$995
67 Essex Lane
67 Essex Lane
Irvine, CA
Updated February 19 at 10:16pm
1 Bedroom
$800

February 2019 Rancho Santa Margarita Rent Report

Welcome to the February 2019 Rancho Santa Margarita Rent Report. Rancho Santa Margarita rents remained steady 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.

View full Rent Report

February 2019 Rancho Santa Margarita Rent Report

Welcome to the February 2019 Rancho Santa Margarita Rent Report. Rancho Santa Margarita rents remained steady 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 declined over the past month

Rancho Santa Margarita rents have remained flat over the past month, however, they have increased slightly by 1.9% year-over-year. Currently, median rents in Rancho Santa Margarita stand at $1,960 for a one-bedroom apartment and $2,510 for a two-bedroom. Rancho Santa Margarita's year-over-year rent growth leads the state average of 0.3%, as well as the national average of 1.0%.

    Rents rising across the Los Angeles Metro

    Throughout the past year, rent increases have been occurring not just in the city of Rancho Santa Margarita, but across the entire metro. Of the largest 10 cities that we have data for in the Los Angeles metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

    • Lancaster has seen rents fall by 7.5% over the past year, the biggest drop in the metro. It also has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,600.
    • Santa Clarita has seen the fastest rent growth in the metro, with a year-over-year increase of 3.4%. The median two-bedroom there costs $2,570, while one-bedrooms go for $2,000.
    • Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,700; rents were down 0.4% over the past month but remained flat year-over-year.

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

    As rents have increased slightly in Rancho Santa Margarita, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Rancho Santa Margarita is less affordable for renters.

    • Rents increased moderately in other cities across the state, with California as a whole logging rent growth of 0.3% over the past year. For example, rents have grown by 3.8% in San Jose, 2.7% in San Francisco, and 1.6% in San Diego.
    • Rancho Santa Margarita's median two-bedroom rent of $2,510 is above the national average of $1,170. Nationwide, rents have grown by 1.0% over the past year compared to the 1.9% increase in Rancho Santa Margarita.
    • While Rancho Santa Margarita's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.6%), Austin (+3.3%), and New York (+2.4%).
    • Renters will generally find more expensive prices in Rancho Santa Margarita than most large cities. For example, Houston has a median 2BR rent of $1,020, 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
    $1,360
    $1,750
    0
    1.4%
    Long Beach
    $1,370
    $1,770
    0.1%
    0.4%
    Anaheim
    $1,640
    $2,110
    0.6%
    1.4%
    Santa Ana
    $1,450
    $1,860
    0.5%
    0.1%
    Irvine
    $2,100
    $2,700
    -0.4%
    0.3%
    Glendale
    $1,410
    $1,810
    -0.7%
    1.2%
    Huntington Beach
    $1,830
    $2,350
    0.8%
    1.3%
    Santa Clarita
    $2,000
    $2,570
    -0.7%
    3.4%
    Garden Grove
    $1,630
    $2,100
    0.2%
    0.1%
    Lancaster
    $1,240
    $1,600
    -0.4%
    -7.5%
    Palmdale
    $1,450
    $1,860
    0
    -6.5%
    Pomona
    $1,110
    $1,420
    1.5%
    -1.6%
    Torrance
    $1,620
    $2,080
    0
    2.8%
    Pasadena
    $1,620
    $2,090
    -0.3%
    -0.1%
    Orange
    $1,780
    $2,290
    -0.2%
    0.8%
    Fullerton
    $1,550
    $2,000
    0.1%
    3%
    El Monte
    $1,390
    $1,780
    -4.4%
    13.5%
    Downey
    $1,570
    $2,010
    0.2%
    12.7%
    Costa Mesa
    $1,830
    $2,360
    -0.2%
    0.7%
    West Covina
    $1,780
    $2,290
    0.1%
    2.3%
    Norwalk
    $1,570
    $2,020
    0.5%
    3.5%
    Burbank
    $1,630
    $2,090
    -0.6%
    -0.9%
    Mission Viejo
    $2,090
    $2,680
    1%
    2.3%
    Santa Monica
    $1,670
    $2,150
    -0.8%
    0.5%
    Westminster
    $1,560
    $2,010
    -0.8%
    -2.2%
    Newport Beach
    $2,830
    $3,640
    -1.2%
    0.5%
    Hawthorne
    $1,240
    $1,600
    -0.1%
    5%
    Lake Forest
    $1,870
    $2,400
    -1%
    1.4%
    Bellflower
    $1,340
    $1,730
    0.5%
    -1.5%
    Tustin
    $1,930
    $2,470
    -0.2%
    0.6%
    Redondo Beach
    $1,880
    $2,410
    -1.3%
    -5.4%
    San Clemente
    $2,310
    $2,980
    -0.5%
    -0.3%
    Laguna Niguel
    $1,820
    $2,340
    -0.5%
    1.1%
    Fountain Valley
    $1,840
    $2,360
    0.6%
    0.3%
    Paramount
    $1,450
    $1,870
    0
    1.3%
    Placentia
    $2,060
    $2,650
    -0.2%
    18.6%
    Rancho Santa Margarita
    $1,960
    $2,510
    -0.1%
    1.9%
    Rancho Palos Verdes
    $3,870
    $4,980
    1.2%
    13%
    Brea
    $1,920
    $2,470
    -0.9%
    10.7%
    Claremont
    $1,410
    $1,810
    1.1%
    -1.5%
    West Hollywood
    $2,010
    $2,580
    -3.6%
    -2.2%
    Beverly Hills
    $2,650
    $3,410
    -2%
    -15.9%
    San Dimas
    $1,840
    $2,370
    -0.1%
    2.2%
    Dana Point
    $2,050
    $2,630
    -0.6%
    0.6%
    Agoura Hills
    $2,320
    $2,980
    0.8%
    1.5%
    Hermosa Beach
    $2,010
    $2,580
    -0.1%
    -6.4%
    Marina del Rey
    $3,630
    $4,670
    0.5%
    2.8%
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    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.