1San CA-1
San Luis ObispoCA93401
Cheap Homes for Rent in San Luis Obispo, CA from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in San Luis Obispo.
680 Chorro St
San Luis ObispoCA93401
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
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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
4411 See Canyon Rd
San Luis ObispoCA93405
815 Madonna Rd
San Luis ObispoCA93405
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.
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San Luis Obispo, CA Local Guide
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 | $3,122 | $1,250 | $4,800 |
| San Luis Obispo 3 Bedroom Homes for Rent | $3,961 | $1,400 | $4,950 |
| San Luis Obispo 4 Bedroom Homes for Rent | $5,053 | $3,950 | $6,900 |
| San Luis Obispo 5 Bedroom Homes for Rent | $7,550 | $5,600 | $10,000+ |
| San Luis Obispo 6 Bedroom Homes for Rent | $10,300 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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: 07/23/2026Current 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 | 2 |
| Valle Vista | $4,500 | $950 | 22 |
| Laguna Lake | $5,300 | $1,099 | 22 |
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 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of July 23, 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 |
| de Tolosa Ranch Apartments | 1BR/1.0BA | 1BR,1BA | $3.45 |
| 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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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
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Frequently Asked Questions about San Luis Obispo
What type of rentals are currently available in San Luis Obispo?
There are currently 198 Apartments for Rent in San Luis Obispo, CA with pricing that ranges from $950 to $5,400. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo ranging from $1,150 to $10,300.
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 $1,150 to $10,300 with an average monthly rent of $5,284.
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 $2,600 to $4,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,950. Four Bedroom Single-Family rentals are also available starting from $3,950 and Four Bedroom Apartments start at $1,380.
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.