Cheap Apartments for Rent in Santa Margarita, CA from $600 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in Santa Margarita.

California Grand Manor Senior Apartments

Villa del Sol Senior Apts 55+

Vandenberg Senior Residence

Bordeaux House Apartments

1330 Southwood Dr
Santa Margarita, CA Local Guide

How much does it cost to rent an apartment in Santa Margarita?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Santa Margarita Studio Apartments | $2,012 | $1,030 | $3,749 |
Santa Margarita 1 Bedroom Apartments | $2,400 | $905 | $4,927 |
Santa Margarita 2 Bedroom Apartments | $2,646 | $999 | $3,825 |
Santa Margarita 3 Bedroom Apartments | $2,702 | $1,258 | $4,206 |
Santa Margarita 4 Bedroom Apartments | $1,739 | $1,655 | $1,905 |
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Santa Margarita, CA Local Guide
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Cheapest Available Santa Margarita Apartments for Rent and Nearby
 The cheapest available apartment rental in Santa Margarita, CA is a 5 Beds unit found at The SLO Apartments in the Valle Vista neighborhood priced from $699. California Grand Manor Senior Apartments in the Atascadero Templeton neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,030. Here is today’s list of the most affordable Santa Margarita apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The SLO Apartments | Large SHARED Room in a 5 Bed, 2 Bath Suite (MUS... | 5BR,2BA | $699 |
California Grand Manor Senior Apartments | Studio | Studio,1BA | $1,030 |
Sierra Sands | 2 Bedroom 1 Bath | 2BR,1BA | $1,088 |
Best Value Apartments for Rent in Santa Margarita, CA and Nearby
As of March 25, 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 3 Bedroom 2 Bath Model at Sierra Sands starting at $1,258 with a $1.17 price per square foot in the Harvest Glen neighborhood. Here is today’s list of the best values for Santa Margarita apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
ReNew Atascadero | Three Bedroom Townhome | 3BR,2.5BA | $2.65 |
Sierra Sands | 3 Bedroom 2 Bath | 3BR,2BA | $1.17 |
Hancock Terrace Apartments | Decade | 2BR,1BA | $2.45 |
Villa Del Rio | 2 Bedroom with Laundry | 2BR,1BA | $2.82 |
La Plaza Villas | 3/1 Flat | 3BR,1BA | $2.78 |
Bordeaux House Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.81 |
The Oaks at Jornada | 2BR/2.0BA | 2BR,2BA | $2.54 |
Dry Creek | 21 | 2BR,1BA | $2.31 |
Irish Hills Hamlet Apartments | 2BR/1.0BA | 2BR,1BA | $2.94 |
California Grand Manor Senior Apartments | Studio | Studio ,1BA | $1.90 |
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Frequently Asked Questions about Cheap Santa Margarita Apartments
What is the Cheapest Studio apartment in Santa Margarita?
Currently the most affordable Cheap Studio Apartment in Santa Margarita is at California Grand Manor Senior Apartments listed at $1,030.
How much is rent for a Cheap One Bedroom Santa Margarita Apartment?
The lowest price for a Cheap One Bedroom Santa Margarita Apartment is $1,086 at California Grand Manor Senior Apartments.
What is the lowest price for a Cheap Two Bedroom Santa Margarita Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Santa Margarita is starting from $999 at The SLO Apartments.
What is the most affordable Santa Margarita Three Bedroom Apartment?
The best deal on a cheap Santa Margarita Three Bedroom Apartment rental is at Sierra Sands and starts from $1,258.
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.

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.

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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.