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$875 - $2,200Studio to 1 Bedroom Apartments Available Now
Avila Apartments in Downtown SLO
475-497 Marsh StSan Luis Obispo, CA 93401
Cheap Apartments for Rent in San Luis Obispo, CA from $800 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in San Luis Obispo.
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$1,250Studio Apartments Available Now
Wineman
849 Higuera StSan Luis Obispo, CA 93401
480 Kentucky St
San Luis ObispoCA93405
1324 Johnson Ave
San Luis ObispoCA93401
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$1,772 - $2,019Studio Apartments Contact Us For Availability
Mustang Village
1 Mustang DrSan Luis Obispo, CA 93405
627 Branch St
San Luis ObispoCA93401
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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1 to 2 Bedroom Apartments
Murray Street Station Apartments
1262 Murray StSan Luis Obispo, CA 93405
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1 Bedroom Apartments
Sheri Apartments
721 Johnson AveSan Luis Obispo, CA 93401
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1 to 2 Bedroom Apartments
Fairview Apartments
1630 Fairview StSan Luis Obispo, CA 93401
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1 to 2 Bedroom Apartments
College Gardens
284 N Chorro StSan Luis Obispo, CA 93405
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1 to 3 Bedroom Apartments
The Village at Broad Street
2240 Emily StSan Luis Obispo, CA 93401
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1 to 2 Bedroom Apartments
Bullock Garden Apartments
3350 Bullock LnSan Luis Obispo, CA 93401
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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San Luis Obispo, CA Local Guide
How much does it cost to rent an apartment in San Luis Obispo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap San Luis Obispo Studio Apartments | $1,863 | $875 | $2,760 |
| Cheap San Luis Obispo 1 Bedroom Apartments | $2,460 | $1,975 | $3,070 |
| Cheap San Luis Obispo 2 Bedroom Apartments | $3,213 | $2,400 | $4,700 |
| Cheap San Luis Obispo 3 Bedroom Apartments | $4,275 | $3,200 | $5,300 |
| Cheap San Luis Obispo 4 Bedroom Apartments | $3,546 | $1,753 | $7,500 |
Browse Top Apartments in San Luis Obispo
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San Luis Obispo, CA Local Guide
Written By:
Staff Writer Local Guide Expert
- San Luis Obispo Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in San Luis Obispo, CA
Pricing Updated: 03/10/2026Current apartment rentals in the San Luis Obispo, CA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for San Luis Obispo Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Valle Vista | $4,675 | $875 | 18 |
| 3592 Broad | $5,500 | $1,800 | 7 |
| Laguna Lake | $16,500 | $875 | 22 |
Cheapest Available San Luis Obispo Apartments for Rent
The cheapest available apartment rental in San Luis Obispo, CA is a Studio unit found at Avila Apartments in Downtown SLO in the Valle Vista neighborhood priced from $875. Wineman in the Valle Vista neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here is today’s list of the most affordable San Luis Obispo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Avila Apartments in Downtown SLO | Avila Studio | Studio,1BA | $875 |
| Wineman | Third Floor | Studio,1BA | $1,250 |
| Harvest Lofts | Studio | Studio,1BA | $2,050 |
| The Junction | 0BR/1.0BA | Studio,1BA | $2,100 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2,150 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of March 10, 2026 the best value apartment in the San Luis Obispo area is the $3.36 price per square foot The Edna Model at Vintage at SLO in the in the 3592 Broad neighborhood starting from $3,560. The second greatest value San Luis Obispo apartment is the 1BR/1.0BA Model at de Tolosa Ranch Apartments starting at $2,725 with a $3.39 price per square foot in the Laguna Lake neighborhood. Here is today’s list of the best values for San Luis Obispo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Vintage at SLO | The Edna | 2BR,2.5BA | $3.36 |
| de Tolosa Ranch Apartments | 1BR/1.0BA | 1BR,1BA | $3.39 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2.87 |
| Twin Creeks Apartments | 1BR/1.0BA | 1BR,1BA | $3.96 |
| Harvest Lofts | Plan A | 1BR,1BA | $5.86 |
| The Junction | 0BR/1.0BA | Studio ,1BA | $4.66 |
| Wineman | Second Floor | Studio ,1BA | $6.16 |
| The SLO Student Living Apartments | Private Single Room in a 6 Bed, 2 Bath Suite - ... | 1BR,1BA | $6.55 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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San Luis Obispo Overview
A college town that lies midway between San Francisco and Los Angeles, San Luis Obispo is the perfect place to settle down. With its temperate climate, natural spaces and wine-country charm, the city pairs cultural enrichment with all-out fun. Plenty of options in great San Luis Obispo apartments make settling here easy.
Why live in San Luis Obispo, CA?
" San Luis Obispo is a special place to live, and the recognition the town receives confirms it. It is regularly listed among the most romantic towns in the United States. In addition, it is considered one of the best college cities and one of the best places to visit. It is also named as one of the healthiest and friendliest towns. San Luis Obispo residents always have something to do and a beautiful, organic environment in which to do it. They can visit nearby wineries, hike or bike through beautiful, unspoiled spaces, relax on an uncrowded beach or visit a local art center or museum. "
Best Local Schools in San Luis Obispo, CA
San Luis Obispo High
San Luis Coastal Unified School District
Public School - Grades 9-12 (1678)
10 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore San Luis Obispo, CA Rentals by Map
See the most popular apartments and homes in San Luis Obispo, CA
Frequently Asked Questions about Cheap San Luis Obispo Apartments
What is a cheap apartment in San Luis Obispo?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in San Luis Obispo is under $3,560.
What is the price of a cheap apartment in San Luis Obispo?
The cheapest apartment in San Luis Obispo is Avila Apartments in Downtown SLO which is listed at $1,975, while the average apartment in San Luis Obispo costs $8,891.
What types of apartments are the cheapest in San Luis Obispo?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in San Luis Obispo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.