Last updated
Average Rent in Rancho Santa Margarita 92688 & Rent Trends
Rent prices and market trends across 2 apartment communities in Rancho Santa Margarita 92688, Mission Viejo, CA. Updated daily.
Market Average
$3,317/mo
Lowest Available
$2,966/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
5
available now
Rancho Santa Margarita 92688 vs Mission Viejo, CA Average
Rancho Santa Margarita 92688 is more expensive than the Mission Viejo, CA average by $177/mo (6%). The citywide average is $3,140/mo across all neighborhoods.
Is Rent Going Up or Down in Rancho Santa Margarita 92688?
As of July 2026, the average rent in Rancho Santa Margarita 92688 is $3,317 per month across 2 apartment communities and 5 available units.
The most affordable option is Avila at Rancho Santa Margarita starting at $2,966/mo. By unit type, a 2-bedroom averages $3,317/mo.
Prices range from $2,966 to $3,596 per month. The most common price point is the $3,400 range, where 2 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Rancho Santa Margarita 92688
Rent Prices by Apartment in Rancho Santa Margarita 92688
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Avila at Rancho Santa Margarita | $2,966/mo | $3,163/mo | 3 | 4.2 |
| Overture Rancho Santa Margarita | $3,499/mo | $3,548/mo | 2 | 4.9 |
Frequently Asked Questions About Rent in Rancho Santa Margarita 92688
What is the average rent in Rancho Santa Margarita 92688?
Is rent going up or down in Rancho Santa Margarita 92688?
What is the cheapest apartment in Rancho Santa Margarita 92688?
How many apartments are available in Rancho Santa Margarita 92688?
What salary do I need to live comfortably in Rancho Santa Margarita 92688?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$133,000/year
Based on the 30 percent rule, using our tracked average rent of $3,317/mo.
Comfortable income
$159,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,966/mo), you need to earn at least $119,000/year.
Median household income in Rancho Santa Margarita 92688 is $136,071 , about 15% below the comfortable-living threshold.
Cost of living in Rancho Santa Margarita 92688
Overall prices in Rancho Santa Margarita 92688 runs above the national average by about 15% (BEA Regional Price Parity index 114.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Rancho Santa Margarita 92688's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,317 |
| Utilities | $744 |
| Groceries | $578 |
| Transportation | $1,773 |
| Healthcare | $865 |
| Other goods and services | $1,384 |
| Estimated total | $8,661/mo |
Population
92,415
Median household income
$136,071
Census median rent
$2,713/mo
Rent as % of income
34.8%
Median age
46.1
Mean commute
27 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Rancho Santa Margarita 92688 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Rancho Santa Margarita 92688 Apartments
Browse all 2 communities with daily-updated pricing and availability.