1San CA-1
San Luis ObispoCA93401
Cheap Homes for Rent in San Luis Obispo, CA from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in San Luis Obispo.
59 Chorro St, Unit Main
59 Chorro St
San Luis ObispoCA93405
815 Mirada Dr
San Luis ObispoCA93405
859 California Blvd
San Luis ObispoCA93401
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.
1416 San Luis Dr
San Luis ObispoCA93401
2345 Bushnell St
San Luis ObispoCA93401
3195 Esteliata Ct
San Luis ObispoCA93405
1330 8th St
San Luis ObispoCA93402
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.
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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 a home in San Luis Obispo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| San Luis Obispo 2 Bedroom Homes for Rent | $2,873 | $2,200 | $3,650 |
| San Luis Obispo 3 Bedroom Homes for Rent | $4,999 | $1,500 | $8,000 |
| San Luis Obispo 4 Bedroom Homes for Rent | $6,087 | $5,000 | $7,000 |
| San Luis Obispo 5 Bedroom Homes for Rent | $8,907 | $7,500 | $10,000+ |
| San Luis Obispo 7 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in San Luis Obispo
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San Luis Obispo, CA Local Guide
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Cheapest Neighborhoods for Apartments in San Luis Obispo, CA
Pricing Updated: 01/19/2026Current 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 |
|---|---|---|---|
| Laguna Lake | $3,300 | $1,250 | 26 |
| 3592 Broad | $4,700 | $2,095 | 8 |
| Valle Vista | $6,950 | $1,250 | 18 |
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 $875. 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 Apartments in Downtown SLO | Avila Studio | Studio,1BA | $875 |
| Harvest Lofts | Studio | Studio,1BA | $2,050 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2,050 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of January 20, 2026 the best value apartment in the San Luis Obispo area is the $2.60 price per square foot 2x1.5 Model at Peach Street in the in the Valle Vista neighborhood starting from $2,600. The second greatest value San Luis Obispo apartment is the 1BR/1.0BA Model at Irish Hills Hamlet Apartments starting at $2,050 with a $2.73 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. |
|---|---|---|---|
| Peach Street | 2x1.5 | 2BR,1.5BA | $2.60 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2.73 |
| Vintage at SLO | The Rutherford | 1BR,1BA | $4.20 |
| Twin Creeks Apartments | 1BR/1.0BA | 1BR,1BA | $3.99 |
| Harvest Lofts | Plan A | 1BR,1BA | $5.86 |
| The Junction | 0BR/1.0BA | Studio ,1BA | $5.07 |
| The SLO Student Living Apartments | Private Room Next to Cal Poly | 1BR,1BA | $6.55 |
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
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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 ArticleQuick Rent Budget Calculator
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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
Frequently Asked Questions about San Luis Obispo
What type of rentals are currently available in San Luis Obispo?
There are currently 179 Apartments for Rent in San Luis Obispo, CA with pricing that ranges from $1,250 to $6,950. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo ranging from $1,300 to $24,000.
What is the current price range for Rental Homes in San Luis Obispo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in San Luis Obispo ranges from $1,300 to $24,000 with an average monthly rent of $9,980.
How much are larger Three and Four Bedroom Rentals in San Luis Obispo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in San Luis Obispo range from $3,300 to $4,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $8,000. Four Bedroom Single-Family rentals are also available starting from $5,000 and Four Bedroom Apartments start at $4,300.
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
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!