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Cheap Apartments for Rent in the Laguna Lake Neighborhood of San Luis Obispo, CA from $1,200 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Laguna Lake area of San Luis Obispo.
59 Chorro St, Unit Main
59 Chorro St
San Luis ObispoCA93405
743 Buchon St
San Luis ObispoCA93401
905 Madonna Rd
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.
66 Chorro St
San Luis ObispoCA93405
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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.
815 Mirada Dr
San Luis ObispoCA93405
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Laguna Lake, 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 an apartment in Laguna Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Laguna Lake Studio Apartments | $2,288 | $1,250 | $2,543 |
| Laguna Lake 1 Bedroom Apartments | $2,034 | $1,675 | $2,200 |
| Laguna Lake 2 Bedroom Apartments | $3,216 | $2,400 | $6,310 |
| Laguna Lake 3 Bedroom Apartments | $4,431 | $3,500 | $6,295 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Laguna Lake Neighborhood of San Luis Obispo, CA.
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Laguna Lake, San Luis Obispo, CA Local Guide
- Nearby San Luis Obispo neighborhoods
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Cheapest Available Laguna Lake Apartments for Rent
The cheapest available apartment rental in the Laguna Lake area of San Luis Obispo, CA is a Studio unit found at Wineman priced from $1,250. Peach Street has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. Here are the most affordable Laguna Lake apartments for rent in San Luis Obispo, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wineman | Third Floor | Studio,1BA | $1,250 |
| Peach Street | STUDIO | Studio,1BA | $1,850 |
| Avila Senior Living at Downtown SLO | Avila Studio | 1BR,1BA | $1,975 |
Best Value Apartments for Rent in Laguna Lake, CA
As of November 09, 2025 the best value apartment in the Laguna Lake area is the $2.78 price per square foot 1271 Murray Ave Model at 1271 Murray Ave, Unit #C in the in the Valle Vista neighborhood starting from $2,500. The second greatest value Laguna Lake apartment is the 2BR/1.0BA Model at Irish Hills Hamlet Apartments starting at $2,500 with a $2.94 price per square foot in the Laguna Lake neighborhood. Here is today’s list of the best values for Laguna Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1271 Murray Ave, Unit #C | 1271 Murray Ave | 2BR,1BA | $2.78 |
| Irish Hills Hamlet Apartments | 2BR/1.0BA | 2BR,1BA | $2.94 |
| Artisan Apartments | Studio | Studio ,1BA | $5.61 |
| Harvest Lofts | Plan A | 1BR,1BA | $5.86 |
| Peach Street | STUDIO | Studio ,1BA | $4.28 |
| Wineman | Third Floor | Studio ,1BA | $5.84 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleThe 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 ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleLaguna Lake, San Luis Obispo, CA
Ranked #3
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Laguna Lake Apartments
What is the Cheapest Studio apartment in Laguna Lake?
Currently the most affordable Cheap Studio Apartment in Laguna Lake is at Wineman listed at $1,250.
How much is rent for a Cheap One Bedroom Laguna Lake Apartment?
The lowest price for a Cheap One Bedroom Laguna Lake Apartment is $1,975 at Avila Senior Living at Downtown SLO.
What is the lowest price for a Cheap Two Bedroom Laguna Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Laguna Lake is starting from $2,200 at 421 Dana St.
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.
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!
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.