![424 East Mill Street](https://images1.apartmenthomeliving.com/i2/AGW6uaz3QIY_m2pehHiaROrUiWqmtKCMvc_3a1DwgrA/117/image.jpg?p=1)
Cheap Apartments for Rent in Santa Margarita, CA from $600 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Santa Margarita.
![424 East Mill Street](https://images1.apartmenthomeliving.com/i2/AGW6uaz3QIY_m2pehHiaROrUiWqmtKCMvc_3a1DwgrA/117/image.jpg?p=1)
![California Grand Manor Senior Apartments](https://images1.apartmenthomeliving.com/i2/R3cKaafu13RdxrEk1yY6U0wRl91LjtO1omMgFB1x38w/117/image.jpg?p=1)
California Grand Manor Senior Apartments
![Villa del Sol Senior Apts 55+](https://images1.apartmenthomeliving.com/i2/hPK0220CYSeA1g5L6ywwRp4IrYgrIVpCaV_5dCGu7Xs/117/image.jpg?p=1)
Villa del Sol Senior Apts 55+
![Bordeaux House Apartments](https://images1.apartmenthomeliving.com/i2/5anLjy5Gl64OD_8EkKGEGWxL2rZddkUP9y6lkZW2Aqg/117/image.jpg?p=1)
Bordeaux House Apartments
![La Vista](https://images1.apartmenthomeliving.com/i2/aN8ESdh3Ff-bivZaYsCa18AFjTJY8fbxWuyDJfM2Guw/117/image.jpg?p=1)
La Vista
Santa Margarita, CA Local Guide
![Apartments for rent in Santa Margarita, CA](https://assets.apartmenthomeliving.com/content/ca/california_13.jpg)
How much does it cost to rent an apartment in Santa Margarita?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Santa Margarita Studio Apartments | $2,029 | $1,030 | $2,395 |
Santa Margarita 1 Bedroom Apartments | $2,343 | $615 | $3,275 |
Santa Margarita 2 Bedroom Apartments | $2,601 | $949 | $3,830 |
Santa Margarita 3 Bedroom Apartments | $2,665 | $1,258 | $4,321 |
Santa Margarita 4 Bedroom Apartments | $2,165 | $1,655 | $4,300 |
Browse Top Apartments in Santa Margarita
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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 $649. 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 | $649 |
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 February 17, 2025 the best value apartment in the Santa Margarita area is the $2.97 price per square foot 4 Bedrooms, 2.5 Bathrooms Model at 424 East Mill Street in the in the Harvest Glen neighborhood starting from $4,300. The second greatest value Santa Margarita apartment is the Three Bedroom Townhome Model at ReNew Atascadero starting at $3,270 with a $2.55 price per square foot in the Atascadero Templeton 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. |
---|---|---|---|
424 East Mill Street | 4 Bedrooms, 2.5 Bathrooms | 4BR,2.5BA | $2.97 |
ReNew Atascadero | Three Bedroom Townhome | 3BR,2.5BA | $2.55 |
Villa Del Rio | 2 Bedroom with Laundry | 2BR,1BA | $2.82 |
La Plaza Villas | 3/1 Flat | 3BR,1BA | $2.84 |
The Oaks at Jornada | 2BR/2.0BA | 2BR,2BA | $2.54 |
Irish Hills Hamlet | 2 Beds, 1 bath | 2BR,1BA | $2.94 |
Arrive Paso Robles | The Isabella | 1BR,1BA | $3.05 |
Sierra Sands | 1 Bedroom 1 Bath | 1BR,1BA | $2.57 |
Hancock Terrace Apartments | Deco | 1BR,1BA | $3.04 |
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 $1,088 at Sierra Sands.
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.
![decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article](https://assets.apartmenthomeliving.com/content/posts/19321224-understanding_amenity_fees_know_where_you_might_be_able_to_save_money.jpg)
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.
![decorative image for What to Know About Fees and Fines When Renting article](https://assets.apartmenthomeliving.com/content/posts/18447499-what_to_know_about_fees_and_fines_when_renting.jpg)
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
![decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article](https://assets.apartmenthomeliving.com/content/posts/19302864-how_your_move_in_inspection_can_protect_your_security_deposit.jpg)
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.
![decorative image for Signing Your Apartment Lease: The Basics article](https://assets.apartmenthomeliving.com/content/posts/18447535-signing_your_apartment_lease_the_basics.jpg)
Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.