Cheap Homes for Rent in Laguna Lake Neighborhood of San Luis Obispo, CA from $1,500 (5 Rentals)

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

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.

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.

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 Avila Apartments in Downtown SLO priced from $875. Irish Hills Hamlet Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,050. Here are the most affordable Laguna Lake apartments for rent in San Luis Obispo, CA:

Apartment ListingModel NameBed/BathPriced From
Avila Apartments in Downtown SLOAvila StudioStudio,1BA$875
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2,050
Harvest LoftsStudioStudio,1BA$2,050

Best Value Apartments for Rent in Laguna Lake, CA

As of January 08, 2026 the best value apartment in the Laguna Lake area is the $2.60 price per square foot 2x1.5 Model at Peach Street in the in the Valle Vista neighborhood starting from $2,600. The second greatest value Laguna Lake apartment is the 1BR/1.0BA Model at Irish Hills Hamlet Apartments starting at $2,050 with a $2.73 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.
Peach Street2x1.52BR,1.5BA$2.60
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2.73
Harvest LoftsPlan A1BR,1BA$5.86

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 Laguna Lake

What type of rentals are currently available in Laguna Lake?

There are currently 76 Apartments for Rent in Laguna Lake, CA with pricing that ranges from $1,250 to $20,000. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Laguna Lake ranging from $1,500 to $6,000.

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 $1,500 to $6,000 with an average monthly rent of $3,262.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!