Cheap Apartments for Rent in 92688
58 rentals
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$2,055 - $2,910/mo
Studio-2 Beds
1-2 BathsVillas Aliento Apartment Homes | 114 Aliento #6410,
Rancho Santa Margarita, CA 92688
Use arrow keys to navigatePET FRIENDLY$2,155 - $2,980/mo1-2 Beds1-2 BathsVilla La Paz Apartment Homes | 2 Via Amistosa #6186,
Rancho Santa Margarita, CA 92688
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYFURNISHED$2,232 - $3,025/moStudio-2 Beds1 Bath55+ Community FountainGlen Rancho Santa Margarita | 30751 El Corazon #304,
Rancho Santa Margarita, CA 92688
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Use arrow keys to navigatePET FRIENDLY$2,347 - $3,749/mo1-3 Beds1-2 BathsCortesia at Rancho Santa Margarita | 29752 Melinda Rd #111134,
Rancho Santa Margarita, CA 92688
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SPECIAL OFFERPET FRIENDLY$2,415 - $3,255/mo1-2 Beds1-2 Bathseaves Santa Margarita | 111 Via Serena #255,
Rancho Santa Margarita, CA 92688
SPECIAL OFFERPET FRIENDLY$2,435 - $3,080/mo1-2 Beds1-2 BathsVillas Antonio Apartment Homes | 22482 Alma Aldea #6414,
Rancho Santa Margarita, CA 92688
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SPECIAL OFFERPET FRIENDLY$2,494 - $3,918/mo1-3 Beds1-2 BathsSkyview | 21022 Los Alisos Blvd #3-313,
Rancho Santa Margarita, CA 92688
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PET FRIENDLY$2,560 - $3,555/mo1-2 Beds1-2 BathsLas Flores Apartment Homes | 381 Sable #85950,
Rancho Santa Margarita, CA 92688
SPECIAL OFFERSENIOR HOUSINGPET FRIENDLYTotal price$2,564 - $3,597/mo1-2 Beds1-2 BathsOverture Rancho Santa Margarita 55+ Apartment Homes | 30824 La Miranda #128,
Rancho Santa Margarita, CA 92688
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SPECIAL OFFERPET FRIENDLYTotal price$2,631 - $3,578/mo1-2 Beds1-2 BathsAvila at Rancho Santa Margarita | 22751 El Prado #1212,
Rancho Santa Margarita, CA 92688
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Average Rent Trends in 92688
Rent in 92688 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Nov 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $3,020 |
| Jul 2025 | $3,150 |
| Aug 2025 | $3,115 |
| Sep 2025 | $3,200 |
| Oct 2025 | $3,763 |
| Nov 2025 | $3,850 |
| Dec 2025 | $3,660 |
| Jan 2026 | $3,600 |
| Feb 2026 | $3,500 |
| Mar 2026 | $3,000 |
| Apr 2026 | $3,400 |
| May 2026 | $3,200 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,465 | $3,042 | $4,500 | $5,500 | $3,099 |
| Townhomes | $2,450 | $3,200 | $4,950 | — | $4,500 |
| Apartments and Condos | $2,400 | $2,900 | $4,200 | — | $2,800 |
| Houses | — | $3,400 | $4,250 | $5,500 | $4,654 |
Frequently Asked Questions about Rentals in 92688
- What is the average rent of an apartment in 92688?The average rent of an apartment in 92688 is $2,810 per month. This is about 46% higher than the national average.
- What is the average rent of a house in 92688?The average rent of a house in 92688 is $4,654 per month. This is about 141% higher than the national average.
- What is the average rent of a townhome in 92688?The average rent of a townhome in 92688 is $4,500 per month. This is about 133% higher than the national average.
- When is the average rent cheapest in 92688?In the last year, the average rent in 92688 was lowest in May 2025 when it was $2,942 per month.
- When is the average rent most expensive in 92688?In the last year, the average rent in 92688 was highest in Nov 2025 when it was $3,850 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 92688?The average rent of a 1 bedroom apartment in 92688 is $2,465 per month. That is about $270 more than the cost of a studio apartment.
- How many available rental listings are in 92688?There are 64 available rental listings in 92688.
- What are some cities near 92688?Some nearby cities include: Rancho Santa Margarita, Coto de Caza, Mission Viejo, Trabuco Canyon, Lake Forest, Ladera Ranch. These cities may have more rental options to explore.