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Cheap Apartments for Rent in San Luis Obispo, CA from $1,200 (13 Rentals)
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$1,772 - $2,019Studio Apartments Contact Us For Availability
Mustang Village
1 Mustang DrSan Luis Obispo, CA 93405
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66 Chorro St
San Luis ObispoCA93405
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$1,900Studio Apartment Available Now
404 Patricia Dr, Unit Studio
404 Patricia DrSan Luis Obispo, CA 93405
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$1,9001 Bedroom Apartments Available Now
1749 Santa Barbara Ave
1749 Santa Barbara AveSan Luis Obispo, CA 93401
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Showing Results 1-13, 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 | $2,284 | $1,250 | $2,617 |
| Cheap San Luis Obispo 1 Bedroom Apartments | $2,485 | $1,800 | $3,695 |
| Cheap San Luis Obispo 2 Bedroom Apartments | $3,253 | $2,300 | $6,310 |
| Cheap San Luis Obispo 3 Bedroom Apartments | $3,375 | $2,900 | $3,600 |
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
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in San Luis Obispo, CA
Pricing Updated: 09/16/2025Current 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 |
|---|---|---|---|
| 3592 Broad | $3,445 | $2,095 | 1 |
| Valle Vista | $3,600 | $1,250 | 19 |
| Laguna Lake | $4,500 | $1,250 | 24 |
Cheapest Available San Luis Obispo Apartments for Rent
The cheapest available apartment rental in San Luis Obispo, CA is a 1 Bed unit found at Avila Senior Living at Downtown SLO in the Valle Vista neighborhood priced from $1,975. 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 |
|---|---|---|---|
| Avila Senior Living at Downtown SLO | Avila Studio | 1BR,1BA | $1,975 |
| Harvest Lofts | Studio | Studio,1BA | $2,050 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2,200 |
| Artisan Apartments | Studio | Studio,1BA | $2,350 |
| Vintage at SLO | The Napa | Studio,1BA | $2,390 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of September 16, 2025 the best value apartment in the San Luis Obispo area is the $2.48 price per square foot 2BR/2.5BA Model at de Tolosa Ranch Apartments in the in the Laguna Lake neighborhood starting from $3,195. The second greatest value San Luis Obispo apartment is the 4BR/2BA - Morro Model at Chorro at SLO starting at $1,350 with a $1.29 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. |
|---|---|---|---|
| de Tolosa Ranch Apartments | 2BR/2.5BA | 2BR,2.5BA | $2.48 |
| Chorro at SLO | 4BR/2BA - Morro | 4BR,2BA | $1.29 |
| 364 Buchon St, Unit buchon | 364 Buchon St | 2BR,1BA | $2.42 |
| 1271 Murray Ave, Unit #C | 1271 Murray Ave | 2BR,1BA | $2.89 |
| Irish Hills Hamlet Apartments | 2BR/1.0BA | 2BR,1BA | $2.94 |
| Vintage at SLO | The Napa | Studio ,1BA | $4.78 |
| Connect SLO | The Studio | Studio ,1BA | $4.71 |
| Artisan Apartments | Studio | Studio ,1BA | $5.61 |
| Harvest Lofts | Plan A | 1BR,1BA | $5.86 |
| 404 Patricia Dr, Unit Studio | 404 Patricia Dr | Studio ,1BA | $4.75 |
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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)
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
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 Harvest Lofts 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 $1,975 at Avila Senior Living at Downtown 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 $2,500 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 $3,500.
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 Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
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.