
Cheap Homes for Rent in the Laguna Lake Neighborhood of San Luis Obispo, CA from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Laguna Lake area of San Luis Obispo.


59 Chorro St, Unit Main

1533 El Tigre Ct, Unit J
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

815 Madonna Rd

1750 Prefumo Canyon Rd, Unit 66

1238 Coral St, Unit 1238 Coral St A
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Laguna Lake, San Luis Obispo, CA Local Guide

How much does it cost to rent a home in Laguna Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Laguna Lake 2 Bedroom Homes for Rent | $2,974 | $1,250 | $4,800 |
| Laguna Lake 3 Bedroom Homes for Rent | $3,697 | $1,400 | $4,500 |
| Laguna Lake 4 Bedroom Homes for Rent | $4,770 | $3,950 | $5,900 |
| Laguna Lake 5 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
| Laguna Lake 6 Bedroom Homes for Rent | $10,300 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 6 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
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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 1 Bed unit found at Irish Hills Hamlet Apartments priced from $2,150. Avila Apartments in Downtown SLO has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,200. Here are the most affordable Laguna Lake apartments for rent in San Luis Obispo, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2,150 |
| Avila Apartments in Downtown SLO | Avila One Bedroom | 1BR,1BA | $2,200 |
| Artisan Apartments | Studio | Studio,1BA | $2,740 |
Best Value Apartments for Rent in Laguna Lake, CA
As of July 31, 2026 the best value apartment in the Laguna Lake area is the $2.85 price per square foot 2x1.5 Model at Peach Street in the in the San Luis Obispo neighborhood starting from $2,850. The second greatest value Laguna Lake apartment is the 1BR/1.0BA Model at Irish Hills Hamlet Apartments starting at $2,150 with a $2.87 price per square foot in the San Luis Obispo 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. |
|---|---|---|---|
| Peach Street | 2x1.5 | 2BR,1.5BA | $2.85 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2.87 |
| Artisan Apartments | Studio | Studio ,1BA | $5.67 |
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 ArticleReal 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 ArticleQuick 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.
Pet Friendly LifestyleLaguna Lake, San Luis Obispo, CA
Ranked #2
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Laguna Lake
What type of rentals are currently available in Laguna Lake?
There are currently 85 Apartments for Rent in Laguna Lake, CA with pricing that ranges from $1,099 to $5,400. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Laguna Lake ranging from $1,250 to $10,300.
What is the current price range for Rental Homes in Laguna Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Laguna Lake ranges from $1,250 to $10,300 with an average monthly rent of $5,148.
How much are larger Three and Four Bedroom Rentals in Laguna Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Laguna Lake range from $3,200 to $4,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,950 and Four Bedroom Apartments start at $5,200.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.