Apartments for Rent in Santa Margarita, CA

Prices and availability in Santa Margarita, CA were last updated on 5 Sep 2026.

The best apartment in Santa Margarita, CA is: 5892 Parkhill Rd.

The average rent in Santa Margarita, CA is $2,402.

In Santa Margarita, 47% of the residents are renting compared to 53% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Santa Margarita's rentals, 37% are small-scale complexes with under 50 units, and none are single-family rentals.

The average age of rental buildings in Santa Margarita is 32 years old, with 32% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 2 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Santa Margarita come in a range of sizes and floorplans. Studio apartments represent 13% 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 40% of the total apartments in the city, while 2-bedroom floorplans represent around 40% of all rentals in Santa Margarita. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.