Apartments for Rent in Rancho Santa Margarita, CA

Prices and availability in Rancho Santa Margarita, CA were last updated on 13 Sep 2026.

The best apartments in Rancho Santa Margarita, CA are: 55+ Remington at Ladera Ranch, 55+ Community FountainGlen Rancho Santa Margarita, Avila at Rancho Santa Margarita and 59 Vía Barcelona.

The average rent in Rancho Santa Margarita, CA is $2,769.

The price range for a studio apartment in Rancho Santa Margarita, CA is between $2,198 and $2,547.

The price range for a 1-bedroom apartment in Rancho Santa Margarita, CA is between $2,323 and $3,996.

The price range for a 2-bedroom apartment in Rancho Santa Margarita, CA is between $2,198 and $4,498.

In Rancho Santa Margarita 28% of the housing is rented out compared to 72% of homes are owned, according to the most recent Census Bureau estimates. 19% of Rancho Santa Margarita's apartments are found in large buildings of 50 units or more, 65% are located in smaller apartment complexes with less than 50 units, and 15% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Rancho Santa Margarita are about 30 years old, on average. Of these, 5% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Rancho Santa Margarita come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 56% of the total apartments in the city, while 2-bedroom floorplans represent around 41% of all rentals in Rancho Santa Margarita. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.