In this work, the optical properties of transparent nanocellular polymethylmethacrylate (PMMA) have been studied, experimental and theoretically. Transmittance measurements of samples presenting different cell sizes (14, 24, 39 and 225 nm) and a constant relative density of around 0.45 have been carried out obtaining values as high as 0.94 for the sample with the smaller cell size and a thickness of 0.05 mm. In addition, the light absorption coefficient has been measured as a function of cell size and wavelength. It has been found that the transmittance has a strong dependence with the wavelength, presenting these transparent materials Rayleigh scattering. On the other hand, the transmission of visible light through these nanocellular materials has been modelled for the first time. The developed model reproduces with good accuracy the trends observed in the experimental results and provides remarkable insights into the physics mechanisms controlling the optical behavior of these materials.