Cheap Apartments for Rent in Santa Margarita, CA from $600 (7 Rentals)

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Cheap Apartments in Santa Margarita.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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424 East Mill Street
1 to 4 Bedroom Apartments

424 East Mill Street

418-424 E Mill StSanta Maria, CA 93454
Student Housing

Santa Margarita, CA Local Guide

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 Student Living 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 ListingModel NameBed/BathPriced From
The SLO Student Living ApartmentsLarge Shared Bedroom & Common Areas in 5 Bed 2 ...5BR,2BA$699
California Grand Manor Senior ApartmentsStudioStudio,1BA$1,030
Sierra Sands2 Bedroom 1 Bath2BR,1BA$1,088

Best Value Apartments for Rent in Santa Margarita, CA and Nearby

As of May 02, 2025 the best value apartment in the Santa Margarita area is the $2.54 price per square foot Three Bedroom Townhome Model at ReNew Atascadero in the in the Atascadero Templeton neighborhood starting from $3,245. The second greatest value Santa Margarita apartment is the 2 Bedroom with Laundry Model at Villa Del Rio starting at $2,750 with a $2.82 price per square foot in the The Summit neighborhood. Here is today’s list of the best values for Santa Margarita apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
ReNew AtascaderoThree Bedroom Townhome3BR,2.5BA$2.54
Villa Del Rio2 Bedroom with Laundry2BR,1BA$2.82
La Plaza Villas2/22BR,2BA$2.68
The Oaks at Jornada2BR/2.0BA2BR,2BA$2.54
Bordeaux House ApartmentsTwo Bedroom One Bath2BR,1BA$2.00
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2.93
Sierra Sands1 Bedroom 1 Bath1BR,1BA$2.13
Hancock Terrace ApartmentsMetro1BR,1BA$2.75
Cassia ApartmentsOne Bed A1BR,1BA$2.67
California Grand Manor Senior ApartmentsStudioStudio ,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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.