Cheap Homes for Rent in the Laguna Lake Neighborhood of San Luis Obispo, CA from $1,200 (6 Rentals)

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

property at 680 Chorro St

$1,250 - $2,300

2 Bedroom Rentals

Available Now

680 Chorro St

San Luis ObispoCA93401
property at 59 Chorro St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

59 Chorro St, Unit Main

59 Chorro St
San Luis ObispoCA93405

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.

property at 1238 Coral St

$2,900

Total Monthly Price

Total Monthly Price

Base Rent
$2,900

Total Monthly Price
$2,900

2 Bedroom, 1 Bath Home for Rent

Available Aug 16

1238 Coral St, Unit 1238 Coral St A

1238 Coral St
San Luis ObispoCA93405

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 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 ListingModel NameBed/BathPriced From
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2,150
Avila Apartments in Downtown SLOAvila One Bedroom1BR,1BA$2,200
Artisan ApartmentsStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Peach Street2x1.52BR,1.5BA$2.85
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2.87
Artisan ApartmentsStudioStudio ,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.

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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.

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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

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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

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.