Last updated August 15 at 11:26 AM

229 Cheap Apartments for rent in Rancho Santa Margarita, CA

Finding cheap apartments in Rancho Santa Margarita takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay st... Read Guide >
Skyview Photo Gallery 1
1 of 29
1 Bedroom
$2,528
600 sqft
2 Bedrooms
$3,000
918 sqft
3 Bedrooms
Ask
Off Highway 241 and 261. Recently renovated with walk-in closets, updated appliances and hardwood floors. On-site features include gym, tennis court, pool and sauna. Pet-friendly property with in-unit laundry and car wash area.
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Villas Antonio Apartment Homes Photo Gallery 1
1 of 63
1 Bedroom
$2,230
599 sqft
2 Bedrooms
$2,940
922 sqft
PLEASE CALL TO SCHEDULE YOUR IN-PERSON OR VIRTUAL TOUR! Welcome home to Villas Antonio Apartment Homes! Our beautiful community is situated in Rancho Santa Margarita, California. Our ideal location places you near the 241 Toll Road, the 5 Freeway and within minutes of the Town Center, Antonio Plaza Shopping Center and the Tijeras Creek Golf Course. At Villas Antonio Apartment Homes we offer seven spectacular and stylish one and two bedroom apartment homes complete with interiors meticulously designed with all the conveniences usually reserved for a single-family home. Villas Antonio introduces the new American dream creating the perfect urban escape with never ending outdoor activities and a strong sense of community. *Floor plan availability and pricing subject to change. Square footage and/or room dimensions are approximations and may vary between individual apartment units. Western National Property Management; CalDRE LIC #00838846
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eaves Santa Margarita Photo Gallery 1
1 of 30
Studio
Ask
1 Bedroom
$2,440
524 sqft
2 Bedrooms
$2,680
907 sqft
Located near Robinson Mall and Santa Margarita Parkway. Sun-filled units have hardwood floors and in-unit laundry. Plenty of closet space. Community amenities include bike storage and a 24-hour fitness center.
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Avila at Rancho Santa Margarita Photo Gallery 1
1 of 34
1 Bedroom
$2,382
805 sqft
2 Bedrooms
$3,754
1100 sqft
1-2 bedroom apartments are pet friendly with modern kitchens, crown molding, in-unit laundry, garage. Enjoy mountain views, pool, hot tub, fitness center. Easy access to Antonio Parkway, Highway 241, shopping, dining and Orange County attractions.
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6 Abrigo Photo Gallery 1
1 of 9
1 Bedroom
$2,400
640 sqft
Here is a chance to live in your own private and secluded retreat amongst O'Neil Wilderness Park. In addition this property has access to all of RSM's 5 pools and Lagoon. Super cute condo that has been extraordinarily maintained and upgraded including laminate flooring throughout, inside double stacked Laundry and nice size kitchen. End unit with no one above or below, direct 1 car garage access under the condo. Relax on your own upstairs private patio with forever views of the Canyon and Hills!
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30 Flor del sol Photo Gallery 1
1 of 49
1 Bedroom
$1,995
560 sqft
Beautiful Private Upper End Unit - Light & Bright Las Flores I Condo, 1Bedrooms, 1 Baths With 1 Carport Lot's Of street parking. The best view for a 1 Bedroom 1 Bath Condo top level ,Upgraded with lots of details like brand new garbage disposal ,appliances, water heater new dual windows. close to shopping center ,Walking distance to Rancho Santa Margarita LAKE and restaurants and biking trails , HOA include a community Pool and one assigned carport. Great home with best location in community with a nice view and Balcony extended to your living room like your own backyard. Kitchen with Stainless appliances including Refrigerator, Dishwasher, Stove, Microwave,Granite counter tops. come with Washer and dryer ,DONT MISS Lovely upstairs unit in beautiful community.
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26 Pica Flor Photo Gallery 1
1 of 10
2 Bedrooms
$2,500
618 sqft
Beautiful and cozy upper-level end unit with private patio. Open living room with high ceiling and adjacent dining area. The remodeled kitchen boasts granite countertops, new cabinets, shelves and appliances. Nicely redone bathroom with an oversized shower. Primary bedroom with high ceiling and good size closet. There are more upgrades including new modern laminate flooring and fresh custom paint. Unit has one assigned carport parking and one parking permit. Access to 4 community pools, tennis courts, sport courts, parks and trails and the beach club lagoon. Refrigerator and washer/ dryer included.
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16 Via Terrano Photo Gallery 1
1 of 15
1 Bedroom
$2,100
560 sqft
Charming 1 br 1 bath in the heart of RSM. Brand new carpet, paint, and numerous kitchen and bathroom fittings have been freshly replaced. This is a very clean condo with a large greenbelt right in front. Living room, dining area, and a good size closet in the bedroom. Enjoy the pool, parks, beach club, and RSM Lake close-by. Call Stacy Feltman at 949-306-4879 for availability.
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6 Via Terrano Photo Gallery 1
1 of 5
1 Bedroom
$2,450
550 sqft
Remodeled 1B/1B View/Great Access - Property Id: 865511 Great property, nice view, 2nd floor unit,very clean, new floors, lights, hardware, fully repainted.Long term 12 month minimum, 24 month lease preferred. Cats and dogs allowed, small dogs only. Showings start August 3rd If interested, please fill out the screening link below. Pre Screening below https://turbo.rent/li/T3duZXI6NDU5ODg5?p=865511 Renters insurance required. Move in: A.S.A.P. Apply at TurboTenant: http://rental.turbotenant.com/p/6-via-terrano-rancho-santa-margarita-ca/865511 Property Id 865511 (RLNE7612965)
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Results within 1 mile of Rancho Santa Margarita
Los Alisos at Mission Viejo Photo Gallery 1
1 of 44
Studio
$2,416
568 sqft
1 Bedroom
$2,419
631 sqft
2 Bedrooms
$2,986
971 sqft
Situated in desirable Mission Viejo. Luxury apartments with double-paned windows, garden soaking tubs, hardwood-style floors and Smart Panel internet connectivity. Community offers easy access to local shops via a pedestrian bridge.
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Madrid Apartments Photo Gallery 1
1 of 12
Verified
12 Units Available
1 Bedroom
$2,475
745 sqft
2 Bedrooms
$2,900
998 sqft
3 Bedrooms
$3,650
1295 sqft
Contemporary apartments and townhomes with custom cabinetry and open layouts. Community amenities include a business center, fitness studio and resident clubhouse. Near the 241 Toll Road. Near hiking at O'Neill Regional Park.
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Madrid Photo Gallery 1
1 of 7
1 Bedroom
$2,499
Results within 5 miles of Rancho Santa Margarita
Saddleback Ranch Photo Gallery 1
1 of 30
1 Bedroom
$2,195
670 sqft
2 Bedrooms
$3,070
995 sqft
3 Bedrooms
Ask
You can have it all at Saddleback Ranch Apartments...after all, you deserve it! Nestled between the beauty of the lush Aliso Creek Corridor and majestic, secluded hills, Saddleback Ranch Apartments in Mission Viejo, CA is truly an exceptional apartment living experience and can be yours to enjoy! Our 38-acre community offers many unique amenities including running creeks, walking trails, numerous park and picnic areas and a bicycle trail which continues to Laguna Beach. With its close proximity to freeways, schools, and shopping, Saddleback Ranch Apartments has something to offer for every lifestyle. Our community offers spacious one and two bedroom apartment homes filled with features that will leave you with more time to relax. Ceiling fans, private patios or balconies, spacious walk-in closets, dishwashers and custom window coverings are just a few of the standard features you will find. These custom-quality residences are sure to please and inspire! Become a resident and gain access to all the wonderful community amenities and services we offer. Community features include 2 sparkling swimming pools, fitness center, tennis court, professional management, and more! Come home to Saddleback Ranch today!
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Siena Terrace Photo Gallery 1
1 of 32
Verified
14 Units Available
1 Bedroom
$2,529
700 sqft
2 Bedrooms
$2,952
900 sqft
Within walking distance of Regency Park and a short drive to shopping and major freeways. One- and two-bedroom apartments with high-end finishes like hardwood floors, fireplaces, and granite counters. Pool, gym, and basketball court.
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Vista Del Lago Photo Gallery 1
1 of 33
Verified
16 Units Available
1 Bedroom
$2,381
692 sqft
2 Bedrooms
$2,803
970 sqft
Nestled in a lush setting just minutes from award-winning schools Del Lago Elementary, Los Alisos Intermediate, and Trabuco High. Units features include laundry, hardwood floors, and dishwasher. Residents enjoy community with pool, tennis, and clubhouse.
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Mosaic Apartment Homes Photo Gallery 1
1 of 53
Studio
$2,215
525 sqft
1 Bedroom
$2,395
700 sqft
2 Bedrooms
$2,855
960 sqft
Community residents enjoy an on-site fitness center, garage parking, clubhouse, and resort-style pool. Apartments include a breakfast bar, plush carpeting, and granite countertops. Just minutes from The Shops at Mission Viejo and Cordova Park.
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Spring Lakes Apartment Homes Photo Gallery 1
1 of 59
Verified
6 Units Available
1 Bedroom
$2,300
525 sqft
2 Bedrooms
$3,070
960 sqft
Nestled against the hills of Lake Forest, California you will find Spring Lakes Apartment Homes just off the 5 Freeway and 241 Toll Road. Our residents appreciate being just a few minutes away from all that South Orange County has to offer such as a wide selection of shopping centers like Foothill Town Centre, Laguna Hills Mall and The Irvine Spectrum. At Spring Lakes Apartment Homes, we offer beautiful one and two bedroom apartment homes that have been uniquely designed with you in mind. Choose from four different floor plans with newly upgraded interiors that include designer carpeting and custom white cabinetry. Come home to Spring Lakes Apartment Homes today! Floor plan availability and pricing subject to change. Square footage and/or room dimensions are approximations and may vary between individual apartment units.
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Laurel Canyon Apartment Homes Photo Gallery 1
1 of 60
1 Bedroom
$2,505
710 sqft
2 Bedrooms
$3,210
1040 sqft
3 Bedrooms
Ask
SCHEDULE YOUR IN-PERSON OR VIRTUAL TOUR TODAY! Laurel Canyon Apartment Homes is located just off the 241 Toll Road, and is one of four Laurel communities located in Ladera Ranch, California. At Laurel Canyon Apartment Homes, we offer one, two and three bedroom apartments that have interiors with carpeting, hardwood style flooring, and custom cabinetry. Work up a sweat in our fitness studio and unwind in our swimming pool. There are trails for hiking and biking, restaurants and shopping all within a few blocks. Residents also have full access to the Avendale Village Club which offers a swim complex complete with a water fun zone and wading pools, baseball/softball fields, sand volleyball and basketball courts, fitness center, and daycare center. *Floor plan availability and pricing subject to change. Square footage and/or room dimensions are approximations and may vary between individual apartment units. Western National Property Management; CalDRE LIC #00838846
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Laurel Terrace Apartment Homes Photo Gallery 1
1 of 58
1 Bedroom
$2,495
600 sqft
2 Bedrooms
$3,250
995 sqft
SCHEDULE YOUR IN-PERSON OR VIRTUAL TOUR TODAY! Laurel Terrace Apartment Homes welcome you home! Our apartment homes are centrally located in Ladera Ranch, California. With pristine views and luxurious floor plans, Laurel Terrace provides an oasis to come home to. With access to the Avendale Village Club, all of life's excursions are just moments from home. Outlining the community you will also find ample trails for hiking and biking. At Laurel Terrace Apartment Homes we offer one and two bedroom apartment homes that have been beautifully crafted with designer interiors, such as plush carpeting, hardwood style flooring, and custom cabinetry. Browse our photo gallery and call to schedule a tour today and see for yourself what apartment living should be like! *Floor plan availability and pricing subject to change. Square footage and/or room dimensions are approximations and may vary between individual apartment units. Western National Property Management.
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The Arbors Photo Gallery 1
1 of 43
Verified
14 Units Available
1 Bedroom
$2,490
665 sqft
2 Bedrooms
$3,255
955 sqft
Beautiful views and newly renovated apartments, offering gourmet kitchens, vaulted ceilings, expansive decks and so much more. The property is landscaped, complementing two pools -- one of which is open year-round.
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Forest Glen Photo Gallery 1
1 of 11
Verified
3 Units Available
1 Bedroom
$2,345
713 sqft
2 Bedrooms
$2,815
1050 sqft
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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Broadstone Cavora Photo Gallery 1
1 of 13
Studio
Ask
1 Bedroom
$2,338
718 sqft
2 Bedrooms
$3,848
1152 sqft
Tailored homes with custom cabinetry, USB charging stations and stainless steel appliances. Community includes a cinema, sky bar entertainment plaza and dog washing station. Close to I-5 and Laguna Niguel/Mission Viejo Metrolink station.
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Idyllwillow Resort Apartment Homes Photo Gallery 1
1 of 26
Studio
$2,138
525 sqft
1 Bedroom
$2,256
650 sqft
2 Bedrooms
$2,797
960 sqft
Great location for commuters, on Marguerite Parkway, close to I-5. Units have laundry, Nest technology, and patio or balcony. Community features pool, playground and parking.
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Eaves Mission Viejo Photo Gallery 1
1 of 27
1 Bedroom
$2,275
600 sqft
2 Bedrooms
$2,883
850 sqft
Just blocks from Oso Viejo Community Park in Mission Viejo. Spacious units have patios and balconies. Tenants have use of a swimming pool, hot tub, tennis court and grill.
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Frequently Asked Questions

Frequently Asked Questions (FAQs)

How much is rent in Rancho Santa Margarita?

Cheap apartments in Rancho Santa Margarita start at $1,950 per month.
City Guide for Rancho Santa Margarita, CA

Want to live in a record holding city? Rancho Santa Margarita holds the record for the longest city name in California. The previous title-holder, La Canada Flintridge, slipped into second place when Rancho Santa Margarita was incorporated in 2000.

Rancho Santa Margarita is a new town in the rapidly growing region of Orange County, California. It's a planned community, which means there are plenty of shiny new apartment complexes, as well as all the amenities you would expect in a small city. You might think that such a new town would be lacking in character, but don't be so quick to judge. There's a strong community finding its feet here, and you won't have trouble finding community events to get involved in. In the summer, rock, soul and country music concerts are regularly held in Central Park, so you can live it up while watching the sun go down. Rancho Santa Margarita has a lot to offer, and you haven't even heard about the biggest attractions yet! The sunny climate and the incredibly beautiful surroundings are what draw many people to this Orange County city. So, if you do decide to move here, remember to get out of your smart new apartment every once in a while and enjoy the landscape. Go explore the Cleveland National Forest -- after all, it will be right on your doorstep. See more

What to keep in mind when looking for cheap apartments in Rancho Santa Margarita, CA

Finding cheap apartments in Rancho Santa Margarita takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay stubs, bank statements, letters of recommendations from landlords or employers, and identification. The more proactive you are about your search, the easier it will be to score a deal.

Look for cheap apartments in Rancho Santa Margarita by regularly scouring listings and looking during slower renting seasons, like winter. You can still find a deal if you move during the summer months when apartment hunting is more competitive.

You may be able to find cheap apartments in Rancho Santa Margarita in neighborhoods that are located away from attractions, restaurants, and entertainment. You may need to look farther out than you would prefer, but access to highways or public transportation can get you into the heart of Rancho Santa Margarita.

The building you choose can also make a difference in finding a cheap apartment in Rancho Santa Margarita. Older buildings that need some updating are more likely to have better deals. Walk-up apartments without elevators, on-street parking and few amenities like on-site fitness centers can also signal affordable rents in Rancho Santa Margarita.