228 Broad St
San Luis ObispoCA93405
Cheap Homes for Rent in San Luis Obispo, CA from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in San Luis Obispo.
1San Luis Obispo
San Luis ObispoCA93405
282 Luneta Dr
San Luis ObispoCA93405
815 Mirada Dr
San Luis ObispoCA93405
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.
815 Mirada Dr
San Luis ObispoCA93405
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1416 San Luis Dr
San Luis ObispoCA93401
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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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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.
859 California Blvd
San Luis ObispoCA93401
1176 Seaward St
San Luis ObispoCA93405
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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 | $3,090 | $2,400 | $4,700 |
| San Luis Obispo 3 Bedroom Homes for Rent | $3,880 | $1,300 | $6,500 |
| San Luis Obispo 4 Bedroom Homes for Rent | $5,500 | $4,500 | $6,900 |
| San Luis Obispo 5 Bedroom Homes for Rent | $5,311 | $895 | $9,500 |
Browse Top Homes for Rent in San Luis Obispo
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San Luis Obispo, CA Local Guide
- San Luis Obispo Neighborhoods
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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 | $2,245 | 1 |
| Valle Vista | $3,600 | $1,250 | 18 |
| Laguna Lake | $4,500 | $1,250 | 25 |
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 |
| Harvest Lofts | Plan A | 1BR,1BA | $5.86 |
| 404 Patricia Dr, Unit Studio | 404 Patricia Dr | Studio ,1BA | $4.75 |
| Palomar at SLO | Studio - Rosa | Studio ,1BA | $6.95 |
| The SLO Student Living Apartments | Private Room Next to Cal Poly | 1BR,1BA | $6.55 |
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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 168 Apartments for Rent in San Luis Obispo, CA with pricing that ranges from $1,250 to $6,310. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo ranging from $895 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 $895 to $9,500 with an average monthly rent of $3,638.
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.