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Cheap Apartments for Rent in San Luis Obispo, CA from $1,200 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in San Luis Obispo.
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$1,772 - $2,019Studio Apartments Contact Us For Availability
Mustang Village
1 Mustang DrSan Luis Obispo, CA 93405
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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1256-1258 Buchon St
San Luis ObispoCA93401
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When Life Happens: Your Options for Ending a Rental Lease Early
Unexpected life events can force you to break your lease. Learn how to communicate with your landlord, negotiate a solution, and understand your legal options for early termination.
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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 | $2,520 | $1,250 | $2,855 |
| Cheap San Luis Obispo 1 Bedroom Apartments | $2,803 | $2,000 | $3,720 |
| Cheap San Luis Obispo 2 Bedroom Apartments | $3,392 | $2,300 | $6,310 |
| Cheap San Luis Obispo 3 Bedroom Apartments | $3,662 | $3,400 | $4,000 |
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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: 08/01/2025Current 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 | $3,400 | $1,250 | 13 |
| Valle Vista | $3,410 | $1,250 | 14 |
| 3592 Broad | $3,850 | $2,250 | 16 |
Cheapest Available San Luis Obispo Apartments for Rent
The cheapest available apartment rental in San Luis Obispo, CA is a Studio unit found at Roundhouse Place in the 3592 Broad neighborhood priced from $2,050. Harvest Lofts in the Laguna Lake neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,050. Here is today’s list of the most affordable San Luis Obispo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Roundhouse Place | The 576 Studio | Studio,1BA | $2,050 |
| Harvest Lofts | Studio | Studio,1BA | $2,050 |
| The Junction | 0BR/1.0BA | Studio,1BA | $2,100 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of August 01, 2025 the best value apartment in the San Luis Obispo area is the $2.51 price per square foot 2BR/2.5BA Model at de Tolosa Ranch Apartments in the in the Laguna Lake neighborhood starting from $3,295. The second greatest value San Luis Obispo apartment is the 2BR/1.5BA Model at Irish Hills Hamlet Apartments starting at $2,400 with a $2.67 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. |
|---|---|---|---|
| de Tolosa Ranch Apartments | 2BR/2.5BA | 2BR,2.5BA | $2.51 |
| Irish Hills Hamlet Apartments | 2BR/1.5BA | 2BR,1.5BA | $2.67 |
| Twin Creeks Apartments | 1BR/1.0BA | 1BR,1BA | $3.82 |
| Roundhouse Place | The 576 Studio | Studio ,1BA | $3.56 |
| The Junction | 0BR/1.0BA | Studio ,1BA | $4.10 |
| Vintage at SLO | The Napa | Studio ,1BA | $4.77 |
| 2800 Broad St | 1 BR 1 BA | 1BR,1BA | $5.39 |
| Harvest Lofts | Plan A | 1BR,1BA | $5.86 |
| The SLO Student Living Apartments | Private Room Next to Cal Poly | 1BR,1BA | $6.55 |
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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 (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
Getting 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 Roundhouse Place listed at $2,050.
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 $2,455 at Harvest Lofts.
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 $2,400 at Irish Hills Hamlet Apartments.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.