1330 Southwood Dr
San Luis ObispoCA93401
Cheap Homes for Rent in San Luis Obispo, CA from $1,500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in San Luis Obispo.
59 Chorro St, Unit Main house
59 Chorro St
San Luis ObispoCA93405
744 Islay St
San Luis ObispoCA93401
974 Chorro St
San Luis ObispoCA93401
1090 Parkview Pl
San Luis ObispoCA93405
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.
45 Stenner St
San Luis ObispoCA93405
1691 Johnson Ave, Unit Main
1691 Johnson Ave
San Luis ObispoCA93401
2225 Exposition Dr
San Luis ObispoCA93401
859 California Blvd
San Luis ObispoCA93401
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
2869 Los Alamos Ct
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 | $3,457 | $2,800 | $4,700 |
| San Luis Obispo 3 Bedroom Homes for Rent | $4,569 | $3,250 | $7,500 |
| San Luis Obispo 4 Bedroom Homes for Rent | $7,070 | $5,200 | $9,000 |
| San Luis Obispo 5 Bedroom Homes for Rent | $7,700 | $5,900 | $9,500 |
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: 06/04/2025Current 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 | $3,500 | $1,250 | 20 |
| Valle Vista | $3,600 | $1,250 | 22 |
| 3592 Broad | $5,654 | $1,250 | 36 |
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 3592 Broad neighborhood priced from $1,975. Wineman in the 3592 Broad neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,000. 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 |
| Wineman | Pent House | Studio,2BA | $2,000 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2,200 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of June 04, 2025 the best value apartment in the San Luis Obispo area is the $2.94 price per square foot 2BR/1.0BA Model at Irish Hills Hamlet Apartments in the in the Valle Vista neighborhood starting from $2,500. The second greatest value San Luis Obispo apartment is the 1BR/1.0BA Model at Twin Creeks Apartments starting at $2,675 with a $3.82 price per square foot in the 3592 Broad 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. |
|---|---|---|---|
| Irish Hills Hamlet Apartments | 2BR/1.0BA | 2BR,1BA | $2.94 |
| Twin Creeks Apartments | 1BR/1.0BA | 1BR,1BA | $3.82 |
| Wineman | Pent House | Studio ,2BA | $2.93 |
| 2800 Broad St | 1 BR 1 BA | 1BR,1BA | $4.25 |
| The Junction | 0BR/1.0BA | Studio ,1BA | $4.39 |
| Vintage at SLO | The Napa | Studio ,1BA | $4.83 |
| Harvest Lofts | Plan A | 1BR,1BA | $5.86 |
| The SLO Student Living Apartments | Large Shared Bedroom & Common Areas in 5 Bed 2 ... | 1BR,1BA | $7.52 |
Quick Rent Budget Calculator
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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 172 Apartments for Rent in San Luis Obispo, CA with pricing that ranges from $1,250 to $6,500. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo ranging from $1,500 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 $1,500 to $9,500 with an average monthly rent of $4,450.
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 $1,300 to $4,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,250 to $7,500. Four Bedroom Single-Family rentals are also available starting from $5,200 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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.