Cheap Apartments for Rent in San Luis Obispo, CA from $900 (63 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in San Luis Obispo.

property at 59 Chorro St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 1 Bath Home for Rent

Available Now

59 Chorro St, Unit Main

59 Chorro St
San Luis ObispoCA93405

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
close
View Me
3170 Camellia Ct, Unit C
$2,300
Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300
1 Bedroom Apartment Available Aug 2

3170 Camellia Ct, Unit C

3170 Camellia CtSan Luis Obispo, CA 93401
Affordability

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.

Read Article
property at 680 Chorro St

$1,250 - $2,550

2 Bedroom Rentals

Available Now

680 Chorro St

San Luis ObispoCA93401

Cash 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.

Read Article
property at 3591 Sacramento Dr

$2,900 - $4,500

2 To 4 Bedroom Rentals

Available Now

3591 Sacramento Dr

San Luis ObispoCA93401

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.

Read Article
close
View Me
Sheri Apartments
1 Bedroom Apartments

Sheri Apartments

721 Johnson AveSan Luis Obispo, CA 93401
  • Utilities Included
close
View Me
Fairview Apartments
1 to 2 Bedroom Apartments

Fairview Apartments

1630 Fairview StSan Luis Obispo, CA 93401
  • Utilities Included
close
View Me
College Gardens
1 to 2 Bedroom Apartments

College Gardens

284 N Chorro StSan Luis Obispo, CA 93405
Student Housing
  • Utilities Included
close
View Me
El Dorado Apartments
1 to 3 Bedroom Apartments

El Dorado Apartments

555 Westmont AveSan Luis Obispo, CA 93405
Student Housing
  • Utilities Included
close
View Me
University Chorro Commons
1 to 2 Bedroom Apartments

University Chorro Commons

263 N ChorroSan Luis Obispo, CA 93405
Student Housing
  • Utilities Included
close
View Me
Roundhouse Place
Studio to 3 Bedroom Apartments

Roundhouse Place

2220-2224 Emily StSan Luis Obispo, CA 93401
close
View Me
Harvest Lofts
Studio to 1 Bedroom Apartments

Harvest Lofts

845 Madonna RdSan Luis Obispo, CA 93405
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 2

San Luis Obispo, CA Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in San Luis Obispo, CA

Pricing Updated: 06/08/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
3592 Broad$4,200$1,6005
Laguna Lake$4,200$98922
Valle Vista$4,200$95014

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 $1,975. Irish Hills Hamlet Apartments in the Laguna Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,050. Here is today’s list of the most affordable San Luis Obispo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Avila Apartments in Downtown SLOAvila StudioStudio,1BA$1,975
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2,050
de Tolosa Ranch Apartments2BR/2.5BA2BR,2BA$3,445

Best Value Apartments for Rent in San Luis Obispo, CA

As of June 09, 2026 the best value apartment in the San Luis Obispo area is the $2.70 price per square foot 2BR/2.5BA Model at de Tolosa Ranch Apartments in the in the Laguna Lake neighborhood starting from $3,445. The second greatest value San Luis Obispo apartment is the 680 Morro St Model at 680 Morro St starting at $3,500 with a $2.92 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 ListingModel NameBed/BathPrice Per Sq.Ft.
de Tolosa Ranch Apartments2BR/2.5BA2BR,2.5BA$2.70
680 Morro St680 Morro St2BR,1.5BA$2.92
Irish Hills Hamlet Apartments2BR/1.0BA2BR,1BA$2.76

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.

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore San Luis Obispo, CA Rentals by Map

Decorative image of map

See the most popular apartments and homes in San Luis Obispo, CA

View Map
San Luis Obispo, CA Apartments Map
View Map
San Luis Obispo, CA Rental Homes Map

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 Avila Apartments in Downtown SLO listed at $1,975.

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 $2,050 at Irish Hills Hamlet Apartments.

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 $2,350 at Irish Hills Hamlet Apartments.

What is the most affordable San Luis Obispo Three Bedroom Apartment?

The best deal on a cheap San Luis Obispo Three Bedroom Apartment rental is at Irish Hills Hamlet Apartments and starts from $3,200.

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

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.