close
View Me
Cheap Apartments for Rent in San Luis Obispo, CA from $1,000 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in San Luis Obispo.
480 Kentucky St
San Luis ObispoCA93405
close
View Me
close
View Me
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.
close
View Me
close
View Me
close
View Me
close
View Me
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
close
View Me
Showing Results 1-9, Page 1 of 1
San Luis Obispo, CA Local Guide
Los Osos Valley Sunset by Jesse Palmer is licensed under CC BY 2.0
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 | $2,502 | $1,250 | $2,855 |
| Cheap San Luis Obispo 1 Bedroom Apartments | $2,846 | $1,049 | $3,720 |
| Cheap San Luis Obispo 2 Bedroom Apartments | $3,327 | $2,100 | $6,310 |
| Cheap San Luis Obispo 3 Bedroom Apartments | $3,598 | $3,400 | $3,995 |
| Cheap San Luis Obispo 4 Bedroom Apartments | $1,746 | $1,660 | $1,905 |
Browse Top Apartments in San Luis Obispo
See all Apartments in San Luis ObispoExplore San Luis Obispo
San Luis Obispo, CA Local Guide
Written By:
Staff Writer Local Guide Expert
- San Luis Obispo Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in San Luis Obispo, CA
Pricing Updated: 07/02/2025Current 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 |
|---|---|---|---|
| Laguna Lake | $3,425 | $1,250 | 42 |
| 3592 Broad | $3,450 | $1,795 | 17 |
| Valle Vista | $3,995 | $1,049 | 43 |
Cheapest Available San Luis Obispo Apartments for Rent
The cheapest available apartment rental in San Luis Obispo, CA is a Studio unit found at Connect SLO in the 3592 Broad neighborhood priced from $1,795. Apartments close to Cal Poly SLO in the Valle Vista neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,950. Here is today’s list of the most affordable San Luis Obispo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Connect SLO | The Affordable Studio | Studio,1BA | $1,795 |
| Apartments close to Cal Poly SLO | Available July 2025 - June 2026 | 1 BD / 1 BA C... | 1BR,1BA | $1,950 |
| Avila Senior Living at Downtown SLO | Avila Studio | 1BR,1BA | $1,975 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of July 02, 2025 the best value apartment in the San Luis Obispo area is the $3.47 price per square foot 1BR/1.0BA Model at Twin Creeks Apartments in the in the 3592 Broad neighborhood starting from $2,675. The second greatest value San Luis Obispo apartment is the Available July 2025 - June 2026 | 1 BD / 1 BA C... Model at Apartments close to Cal Poly SLO starting at $1,950 with a $2.60 price per square foot in the Valle Vista 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. |
|---|---|---|---|
| Twin Creeks Apartments | 1BR/1.0BA | 1BR,1BA | $3.47 |
| Apartments close to Cal Poly SLO | Available July 2025 - June 2026 | 1 BD / 1 BA C... | 1BR,1BA | $2.60 |
| Wineman | Pent House | Studio ,2BA | $2.93 |
| Connect SLO | The Studio | Studio ,1BA | $4.71 |
| 2800 Broad St | 1 BR 1 BA | 1BR,1BA | $5.39 |
| Artisan Apartments | Studio | Studio ,1BA | $6.06 |
| Roundhouse Place | The 438 Studio | Studio ,1BA | $4.55 |
| Harvest Lofts | Plan A | 1BR,1BA | $5.86 |
| The SLO Student Living Apartments | 5 Bed 2 Bath Suite With Private Bedroom & Share... | 1BR,1BA | $7.37 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the San Luis Obispo area?
If you’re an expert on all things San Luis Obispo, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 (1644)
9 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
San Luis Obispo, CA Apartments MapSan Luis Obispo, CA Rental Homes MapGetting Around San Luis Obispo, CA
Walk Score®
67 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
27 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap San Luis Obispo Apartments
What is the Cheapest Studio apartment in San Luis Obispo?
Currently the most affordable Cheap Studio Apartment in San Luis Obispo is at Connect SLO listed at $1,795.
How much is rent for a Cheap One Bedroom San Luis Obispo Apartment?
The lowest price for a Cheap One Bedroom San Luis Obispo Apartment is $1,950 at Apartments close to Cal Poly SLO.
What is the lowest price for a Cheap Two Bedroom San Luis Obispo Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in San Luis Obispo is starting from $3,550 at 2800 Broad St.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.