Cheap Apartments for Rent in the Laguna Lake Neighborhood of San Luis Obispo, CA from $900 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Laguna Lake area of San Luis Obispo.

property at 59 Chorro St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 1 Bath Home for Rent

Available Now

59 Chorro St, Unit Main, Unit Main

59 Chorro St
San Luis ObispoCA93405

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 1613-1613 Garden St

$2,250 - $2,550

1 To 2 Bedroom Rentals

Available Jun 10

1613-1613 Garden St

San Luis ObispoCA93401

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.

Read Article
property at 680 Chorro St

$1,250 - $2,600

2 Bedroom Rentals

Available Now

680 Chorro St

San Luis ObispoCA93401
close
View Me
Sheri Apartments
1 Bedroom Apartments

Sheri Apartments

721 Johnson AveSan Luis Obispo, CA 93401
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
close
View Me
Harvest Lofts
Studio to 1 Bedroom Apartments

Harvest Lofts

845 Madonna RdSan Luis Obispo, CA 93405
  • Utilities Included
close
View Me
421 Dana St
1 to 2 Bedroom Apartments

421 Dana St

421 Dana StSan Luis Obispo, CA 93401
property at 85 Stenner St

$3,000 - $3,300

2 Bedroom Rentals

Available Aug 1

85 Stenner St

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.

Read Article
Showing Results 1-32, Page 1 of 1

Laguna Lake, San Luis Obispo, CA Local Guide

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. Avila Apartments in Downtown SLO has the second lowest priced unit, which is a Studio apartment currently listed from $1,975. Here are the most affordable Laguna Lake apartments for rent in San Luis Obispo, CA:

Apartment ListingModel NameBed/BathPriced From
WinemanThird FloorStudio,1BA$1,250
Avila Apartments in Downtown SLOAvila StudioStudio,1BA$1,975
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2,200
de Tolosa Ranch Apartments2BR/2.5BA2BR,2BA$3,425

Best Value Apartments for Rent in Laguna Lake, CA

As of May 27, 2026 the best value apartment in the Laguna Lake area is the $2.63 price per square foot 2BR/2.5BA Model at de Tolosa Ranch Apartments in the in the Laguna Lake neighborhood starting from $3,425. The second greatest value Laguna Lake apartment is the 680 Morro St Model at 680 Morro St starting at $3,500 with a $2.92 price per square foot in the Valle Vista neighborhood. Here is today’s list of the best values for Laguna Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
de Tolosa Ranch Apartments2BR/2.5BA2BR,2.5BA$2.63
680 Morro St680 Morro St2BR,1.5BA$2.92
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2.93

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 Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Laguna Lake, San Luis Obispo, CA

Ranked #2

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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 Avila Apartments in Downtown SLO listed at $1,975.

How much is rent for a Cheap One Bedroom Laguna Lake Apartment?

The lowest price for a Cheap One Bedroom Laguna Lake Apartment is $2,200 at Irish Hills Hamlet Apartments.

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 $2,400 at Irish Hills Hamlet Apartments.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.