871 Buchon St
San Luis ObispoCA93401
Cheap Apartments for Rent in San Luis Obispo, CA from $900 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in San Luis Obispo.
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$1,099 - $3,720Studio to 1 Bedroom Apartments Available Now
Artisan Apartments
564 Higuera StSan Luis Obispo, CA 93401
1San CA-1
San Luis ObispoCA93401
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$1,200 - $2,200Studio to 1 Bedroom Apartments Available Now
Avila Apartments in Downtown SLO
475-497 Marsh StSan Luis Obispo, CA 93401
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$1,250Studio Apartments Available Now
Wineman
849 Higuera StSan Luis Obispo, CA 93401
59 Chorro St, Unit Main
59 Chorro St
San Luis ObispoCA93405
3051 Augusta St
San Luis ObispoCA93401
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1549 Mill St
San Luis ObispoCA93401
969 Pismo St
San Luis ObispoCA93401
369 Sandercock St
San Luis ObispoCA93401
66 Chorro St
San Luis ObispoCA93405
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$1,850 - $2,850Studio to 2 Bedroom Apartments Available Now
Peach Street
660 Peach StSan Luis Obispo, CA 93401
1025 Southwood Dr
San Luis ObispoCA93401
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$2,1501 Bedroom Apartments Available Sep 7
1533 El Tigre Ct, Unit J
1533 El Tigre CtSan Luis Obispo, CA 93405
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
687 Lincoln St
San Luis ObispoCA93405
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$2,200 - $3,2001 to 3 Bedroom Apartments Available Now
Irish Hills Hamlet Apartments
11343 Los Osos Valley RdSan Luis Obispo, CA 93405
680 Chorro St
San Luis ObispoCA93401
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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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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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
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1 to 3 Bedroom Apartments
El Dorado Apartments
555 Westmont AveSan Luis Obispo, CA 93405
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1 to 2 Bedroom Apartments
University Chorro Commons
263 N ChorroSan Luis Obispo, CA 93405
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Studio to 3 Bedroom Apartments
Roundhouse Place
2220-2224 Emily StSan Luis Obispo, CA 93401
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Studio to 1 Bedroom Apartments
Harvest Lofts
845 Madonna RdSan Luis Obispo, CA 93405
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1 to 3 Bedroom Apartments
1290 Murray Avenue
1290 Murray AveSan Luis Obispo, CA 93405
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.
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1 to 2 Bedroom Apartments
Garfield Arms Apartments
738 Grand AveSan Luis Obispo, CA 93401
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Studio to 1 Bedroom Apartments
1249 Palm St
1249 Palm StSan Luis Obispo, CA 93401
Showing Results 1-30, Page 1 of 1
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 | $2,300 | $1,099 | $2,855 |
| Cheap San Luis Obispo 1 Bedroom Apartments | $2,674 | $950 | $3,720 |
| Cheap San Luis Obispo 2 Bedroom Apartments | $2,935 | $1,150 | $3,950 |
| Cheap San Luis Obispo 3 Bedroom Apartments | $3,860 | $2,600 | $4,800 |
| Cheap San Luis Obispo 4 Bedroom Apartments | $3,753 | $1,380 | $6,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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
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Cheapest Neighborhoods for Apartments in San Luis Obispo, CA
Pricing Updated: 07/24/2026Current 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 |
|---|---|---|---|
| 3592 Broad | $3,850 | $2,100 | 3 |
| Valle Vista | $4,500 | $950 | 21 |
| Laguna Lake | $5,300 | $1,099 | 19 |
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 Apartments in Downtown SLO in the San Luis Obispo neighborhood priced from $1,200. Peach Street in the San Luis Obispo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. 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 One Bedroom | 1BR,1BA | $1,200 |
| Peach Street | STUDIO | Studio,1BA | $1,850 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2,200 |
| Artisan Apartments | Studio | Studio,1BA | $2,740 |
| Twin Creeks | 2BR/2.0BA | 2BR,2BA | $3,250 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of July 24, 2026 the best value apartment in the San Luis Obispo area is the $2.30 price per square foot 2050 Hope Street Model at 2050 Hope Street, Unit 2050 Hope Street in the in the San Luis Obispo neighborhood starting from $4,600. The second greatest value San Luis Obispo apartment is the 1631 Fredericks St Model at 1631 Fredericks St, Unit Basement Apartment starting at $2,900 with a $2.42 price per square foot in the San Luis Obispo 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. |
|---|---|---|---|
| 2050 Hope Street, Unit 2050 Hope Street | 2050 Hope Street | 3BR,2BA | $2.30 |
| 1631 Fredericks St, Unit Basement Apartment | 1631 Fredericks St | 2BR,1.5BA | $2.42 |
| Twin Creeks | 2BR/2.0BA | 2BR,2BA | $3.16 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2.93 |
| Artisan Apartments | Studio | Studio ,1BA | $5.67 |
| Peach Street | STUDIO | Studio ,1BA | $4.28 |
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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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.
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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 the Cheapest Studio apartment in San Luis Obispo?
Currently the most affordable Cheap Studio Apartment in San Luis Obispo is at Peach Street listed at $1,850.
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 $1,200 at Avila Apartments in 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 $2,400 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.