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Cheap Homes for Rent in San Luis Obispo, CA from $1,900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in San Luis Obispo.
1090 Parkview Pl
San Luis ObispoCA93405
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.
974 Chorro St
San Luis ObispoCA93401
1169 Leff St, Unit A
1169 Leff St
San Luis ObispoCA93401
59 Chorro St, Unit Back unit
59 Chorro St
San Luis ObispoCA93405
4990 Caballeros Ave
San Luis ObispoCA93401
1125 Laurel Ln
San Luis ObispoCA93401
1326 Galleon Way
San Luis ObispoCA93405
1619 Mill St
San Luis ObispoCA93401
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
2220 Exposition Dr
San Luis ObispoCA93401
Showing Results 1-10, 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 a home in San Luis Obispo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| San Luis Obispo 2 Bedroom Homes for Rent | $3,307 | $2,700 | $5,200 |
| San Luis Obispo 3 Bedroom Homes for Rent | $4,733 | $3,295 | $8,500 |
| San Luis Obispo 4 Bedroom Homes for Rent | $7,623 | $5,600 | $9,000 |
| San Luis Obispo 5 Bedroom Homes for Rent | $7,500 | $5,500 | $9,500 |
Browse Top Homes for Rent in San Luis Obispo
Explore San Luis Obispo
San Luis Obispo, CA Local Guide
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Cheapest Neighborhoods for Apartments in San Luis Obispo, CA
Pricing Updated: 07/23/2025Current 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 | $3,445 | $1,250 | 20 |
| 3592 Broad | $3,550 | $2,195 | 20 |
| Valle Vista | $3,900 | $1,250 | 25 |
Cheapest Available San Luis Obispo Apartments for Rent
The cheapest available apartment rental in San Luis Obispo, CA is a Studio unit found at Wineman in the Valle Vista neighborhood priced from $1,250. Connect SLO in the 3592 Broad neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,195. Here is today’s list of the most affordable San Luis Obispo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wineman | Third Floor | Studio,1BA | $1,250 |
| Connect SLO | The Studio | Studio,1BA | $2,195 |
| The Junction | 0BR/1.0BA | Studio,1BA | $2,250 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of July 23, 2025 the best value apartment in the San Luis Obispo area is the $3.60 price per square foot 1BR/1.0BA Model at Twin Creeks Apartments in the in the 3592 Broad neighborhood starting from $2,775. The second greatest value San Luis Obispo apartment is the 0BR/1.0BA Model at The Junction starting at $2,250 with a $4.39 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. |
|---|---|---|---|
| Twin Creeks Apartments | 1BR/1.0BA | 1BR,1BA | $3.60 |
| The Junction | 0BR/1.0BA | Studio ,1BA | $4.39 |
| Vintage at SLO | The Napa | Studio ,1BA | $4.83 |
| Connect SLO | The Studio | Studio ,1BA | $4.60 |
| 2800 Broad St | 1 BR 1 BA | 1BR,1BA | $5.39 |
| Harvest Lofts | Plan A | 1BR,1BA | $5.86 |
| Palomar at SLO | Studio - Rosa | Studio ,1BA | $6.95 |
| Wineman | Third Floor | Studio ,1BA | $5.84 |
| The SLO Student Living Apartments | Shared Room in 6 Bedroom | 1BR,1BA | $6.98 |
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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 170 Apartments for Rent in San Luis Obispo, CA with pricing that ranges from $1,250 to $6,500. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo ranging from $1,925 to $9,500.
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 $1,925 to $9,500 with an average monthly rent of $4,666.
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 $3,400 to $4,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,295 to $8,500. Four Bedroom Single-Family rentals are also available starting from $5,600 and Four Bedroom Apartments start at $1,660.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.