Cheap Apartments for Rent in the Laguna Lake Neighborhood of San Luis Obispo, CA from $900 (21 Rentals)

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

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.

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property at 1314 Galleon Way

$2,700

Total Monthly Price

Total Monthly Price

Base Rent
$2,700
Total Monthly Price
$2,700

2 Bedroom, 1.5 Bath Townhome for Rent

Available Aug 1

1314 Galleon Way

San Luis ObispoCA93405
property at 1326 Galleon Way

$2,700

Total Monthly Price

Total Monthly Price

Base Rent
$2,700
Total Monthly Price
$2,700

2 Bedroom, 1.5 Bath Townhome for Rent

Available Aug 1

1326 Galleon Way

San Luis ObispoCA93405
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Sheri Apartments
1 Bedroom Apartments

Sheri Apartments

721 Johnson AveSan Luis Obispo, CA 93401
  • Utilities Included

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.

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Harvest Lofts
Studio to 1 Bedroom Apartments

Harvest Lofts

845 Madonna RdSan Luis Obispo, CA 93405
  • Utilities Included
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1290 Murray Ave
1 to 3 Bedroom Apartments

1290 Murray Ave

1290 Murray AveSan Luis Obispo, CA 93405
Student Housing
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421 Dana St
1 to 2 Bedroom Apartments

421 Dana St

421 Dana StSan Luis Obispo, CA 93401

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.

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Showing Results 1-21, 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
Harvest LoftsStudioStudio,1BA$2,050
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2,200

Best Value Apartments for Rent in Laguna Lake, CA

As of April 11, 2026 the best value apartment in the Laguna Lake area is the $2.92 price per square foot 680 Morro St Model at 680 Morro St, Unit A in the in the Valle Vista neighborhood starting from $3,500. The second greatest value Laguna Lake apartment is the 1BR/1.0BA Model at Irish Hills Hamlet Apartments starting at $2,200 with a $2.93 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 ListingModel NameBed/BathPrice Per Sq.Ft.
680 Morro St, Unit A680 Morro St2BR,1.5BA$2.92
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2.93
Harvest LoftsPlan A1BR,1BA$5.86
WinemanSecond FloorStudio ,1BA$6.16

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The 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.

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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.

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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.

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Pet Friendly Lifestyle
Laguna Lake, San Luis Obispo, CA

Ranked #3

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $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 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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.