680 Chorro St
San Luis ObispoCA93401
Cheap Homes for Rent in Laguna Lake Neighborhood of San Luis Obispo, CA from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Laguna Lake area of San Luis Obispo.
1745 Nipomo St
San Luis ObispoCA93401
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.
1176 Seaward St
San Luis ObispoCA93405
1314 Galleon Way
San Luis ObispoCA93405
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.
1326 Galleon Way
San Luis ObispoCA93405
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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 | $2,979 | $1,250 | $3,800 |
| Laguna Lake 3 Bedroom Homes for Rent | $4,253 | $3,800 | $4,950 |
| Laguna Lake 4 Bedroom Homes for Rent | $6,725 | $5,600 | $7,900 |
| Laguna Lake 5 Bedroom Homes for Rent | $7,500 | $7,500 | $7,500 |
| Laguna Lake 6 Bedroom Homes for Rent | $9,000 | $9,000 | $9,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Laguna Lake Neighborhood of San Luis Obispo, CA.
Explore San Luis Obispo
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wineman | Third Floor | Studio,1BA | $1,250 |
| Avila Apartments in Downtown SLO | Avila Studio | Studio,1BA | $1,975 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2,200 |
Best Value Apartments for Rent in Laguna Lake, CA
As of April 26, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 680 Morro St, Unit A | 680 Morro St | 2BR,1.5BA | $2.92 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2.93 |
| Wineman | Second Floor | Studio ,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.
Read Article
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 ArticleThe 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.
Read ArticleCash 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 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.
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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
2.5Pet 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 $989 to $16,500. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Laguna Lake ranging from $1,250 to $9,000.
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 $1,250 to $9,000 with an average monthly rent of $5,467.
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 $5,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,800 to $4,950. Four Bedroom Single-Family rentals are also available starting from $5,600 and Four Bedroom Apartments start at $1,680.
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
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.
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.
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.
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.