Cheap Homes for Rent in Rancho Penasquitos Neighborhood of San Diego, CA from $2,500 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Rancho Penasquitos area of San Diego.

San Diego's Best Affordable Neighborhoods

Learn about San Diego and the best places to live with original content written by our , Local Expert Hayden Goldberg

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Rancho Penasquitos, San Diego, CA Local Guide

Cheapest Available Rancho Penasquitos Apartments for Rent

 

The cheapest available apartment rental in the Rancho Penasquitos area of San Diego, CA is a 1 Bed unit found at Penasquitos Point priced from $2,174. The Villas at Camino Bernardo has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,359. Here are the most affordable Rancho Penasquitos apartments for rent in San Diego, CA:

Apartment ListingModel NameBed/BathPriced From
Penasquitos PointCerritos1BR,1BA$2,174
The Villas at Camino BernardoPalmilla1BR,1BA$2,359
Carmel TerraceGardenia1BR,1BA$2,431
Windsor Rancho PQS1Studio,1BA$2,480
Rancho VillasTwo Bedroom2BR,1BA$2,500

Best Value Apartments for Rent in Rancho Penasquitos, CA

As of April 17, 2025 the best value apartment in the Rancho Penasquitos area is the $3.27 price per square foot C1 Model at Merge 56 in the in the Torrey Highlands neighborhood starting from $4,293. The second greatest value Rancho Penasquitos apartment is the 2 Bedroom 2 Bath B Renovated Model at Sofi Westview starting at $3,667 with a $3.19 price per square foot in the Mira Mesa neighborhood. Here is today’s list of the best values for Rancho Penasquitos apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Merge 56C13BR,2.5BA$3.27
Sofi Westview2 Bedroom 2 Bath B Renovated2BR,2BA$3.19
The HillsThe Cuyamacas3BR,2BA$2.94
Sofi Canyon Hills2B2B-B (Upgraded)2BR,2BA$3.02
MontierraLaguna2BR,2BA$2.98
Canyon Rim ApartmentsC1 Market Rate3BR,2BA$3.17
Ridgewood VillageEucalyptus2BR,2BA$3.07
Cresta BellaAmalfi1BR,1BA$3.09
Rancho VillasTwo Bedroom2BR,1BA$3.13
Penasquitos PointCerritos1BR,1BA$2.97

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Frequently Asked Questions about Rancho Penasquitos

What type of rentals are currently available in Rancho Penasquitos?

There are currently 42 Apartments for Rent in Rancho Penasquitos, CA with pricing that ranges from $2,183 to $6,000. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rancho Penasquitos ranging from $2,595 to $42,000.

What is the current price range for Rental Homes in Rancho Penasquitos?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rancho Penasquitos ranges from $2,595 to $42,000 with an average monthly rent of $13,468.

How much are larger Three and Four Bedroom Rentals in Rancho Penasquitos?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rancho Penasquitos range from $2,629 to $5,740, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,350 to $4,700. Four Bedroom Single-Family rentals are also available starting from $5,000 and Four Bedroom Apartments start at $5,950.

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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Top 10 Most Affordable Neighborhoods in San Diego: A Local Real Estate Expert Guide

Written by: Hayden Goldberg

Aloha! I’m Hayden, your local San Diego Realtor and relocation expert with ApartmentHomeLiving.com.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.