974 Chorro St
San Luis ObispoCA93401
Cheap Homes for Rent in Santa Margarita, CA from $2,000 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Santa Margarita.
7408 Santa Ysabel Ave
AtascaderoCA93422
10710 El Camino Real
AtascaderoCA93422
123 Casa St
San Luis ObispoCA93405
5690 Rosario Ave
AtascaderoCA93422
859 California Blvd
San Luis ObispoCA93401
45 StennerUnit F
San Luis ObispoCA93405
980 Chorro St
San Luis ObispoCA93401
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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Santa Margarita, CA Local Guide
California Republic Flag by Håkan Dahlström is licensed under CC BY 2.0
How much does it cost to rent a home in Santa Margarita?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Santa Margarita 2 Bedroom Homes for Rent | $3,483 | $2,200 | $6,000 |
| Santa Margarita 3 Bedroom Homes for Rent | $4,622 | $2,850 | $6,500 |
| Santa Margarita 4 Bedroom Homes for Rent | $11,566 | $4,995 | $10,000+ |
| Santa Margarita 5 Bedroom Homes for Rent | $9,250 | $9,000 | $9,500 |
| Santa Margarita 6 Bedroom Homes for Rent | $11,700 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Santa Margarita
Explore Santa Margarita
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The SLO Student Living Apartments | Large Shared Bedroom & Common Areas in 5 Bed 2 ... | 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 April 27, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| ReNew Atascadero | Three Bedroom Townhome | 3BR,2.5BA | $2.54 |
| Villa Del Rio | 2 Bedroom with Laundry | 2BR,1BA | $2.82 |
| La Plaza Villas | 2/2 | 2BR,2BA | $2.68 |
| The Oaks at Jornada | 2BR/2.0BA | 2BR,2BA | $2.54 |
| Bordeaux House Apartments | Two Bedroom One Bath | 2BR,1BA | $2.21 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2.93 |
| Hancock Terrace Apartments | Mural | 1BR,1BA | $2.89 |
| Cassia Apartments | One Bed A | 1BR,1BA | $2.67 |
| River Walk Terrace | One Bedroom 60% AMI | 1BR,1BA | $2.27 |
| California Grand Manor Senior Apartments | Studio | Studio ,1BA | $1.90 |
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Frequently Asked Questions about Santa Margarita
What type of rentals are currently available in Santa Margarita?
There are currently 46 Apartments for Rent in Santa Margarita, CA with pricing that ranges from $699 to $6,515. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Margarita ranging from $2,000 to $50,000.
What is the current price range for Rental Homes in Santa Margarita?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Santa Margarita ranges from $2,000 to $50,000 with an average monthly rent of $7,103.
How much are larger Three and Four Bedroom Rentals in Santa Margarita?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Santa Margarita range from $1,258 to $4,971, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,850 to $6,500. Four Bedroom Single-Family rentals are also available starting from $4,995 and Four Bedroom Apartments start at $1,655.
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.
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.
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.
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.