Cheap Apartments for Rent in San Luis Obispo County, CA from $900 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in San Luis Obispo County.

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 6020 Conejo Rd

$1,400 - $2,795

Studio To 3 Bedroom Rentals

Available Now

6020 Conejo Rd

AtascaderoCA93422

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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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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Sheri Apartments
1 Bedroom Apartments

Sheri Apartments

721 Johnson AveSan Luis Obispo, CA 93401
  • Utilities Included
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Villa Azul
1 to 2 Bedroom Apartments

Villa Azul

271-291 S Halcyon RdArroyo Grande, CA 93420
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Serenity Hills
2 to 3 Bedroom Apartments

Serenity Hills

112 Brewer StTempleton, CA 93465
  • Utilities Included
  • Smoke Free
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Fairview Apartments
1 to 2 Bedroom Apartments

Fairview Apartments

1630 Fairview StSan Luis Obispo, CA 93401
  • Utilities Included
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College Gardens
1 to 2 Bedroom Apartments

College Gardens

284 N Chorro StSan Luis Obispo, CA 93405
Student Housing
  • Utilities Included

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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River Walk Terrace
1 to 2 Bedroom Apartments

River Walk Terrace

120 Niblick RdPaso Robles, CA 93446
Senior Living
  • Utilities Included
Showing Results 1-27, Page 1 of 1

Cheapest Available San Luis Obispo County Apartments for Rent

 

The cheapest available apartment rental in San Luis Obispo County, CA is a 1 Bed unit found at Vista Robles in the The Summit neighborhood priced from $1,240. Wineman in the Valle Vista neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here is today’s list of the most affordable San Luis Obispo County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vista Robles1 Bed, 1 bath1BR,1BA$1,240
WinemanThird FloorStudio,1BA$1,250
Villa Paseo PalmsStudioStudio,1BA$1,396
Dry Creek Apartments2x12BR,1BA$1,950
Avila Apartments in Downtown SLOAvila StudioStudio,1BA$1,975
Alturas Paso Robles Apartment Homes1/1A1BR,1BA$1,995
Bordeaux House Apartments222BR,2BA$2,165
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2,200
Ramona GardensAvailable 2 Bedroom2BR,2BA$2,300

Best Value Apartments for Rent in San Luis Obispo County, CA

As of May 23, 2026 the best value apartment in the San Luis Obispo County area is the $2.63 price per square foot 2BR/2.5BA Model at de Tolosa Ranch Apartments in the in the Laguna Lake neighborhood starting from $3,425. The second greatest value San Luis Obispo County apartment is the 2BR/1.5BA Model at Emerald Ridge Apartments starting at $3,250 with a $2.85 price per square foot in the Morro Bay Cayucos Cambria neighborhood. Here is today’s list of the best values for San Luis Obispo County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
de Tolosa Ranch Apartments2BR/2.5BA2BR,2.5BA$2.63
Emerald Ridge Apartments2BR/1.5BA2BR,1.5BA$2.85
Blue OakThe Chardonnay2BR,1.5BA$2.45
Arrive Paso RoblesThe Grace2BR,2BA$2.28
5566 Tunitas Ave, Unit 25566 Tunitas Ave2BR,1BA$2.15
Bordeaux House Apartments222BR,2BA$2.28
The Oaks at JornadaRenovated, upstairs, lower deposit2BR,2BA$2.74
Dry Creek Apartments2x22BR,2BA$2.65
Ramona GardensAvailable 2 Bedroom2BR,2BA$2.88
Vista Robles1 Bed, 1 bath1BR,1BA$1.91

Frequently Asked Questions about Cheap San Luis Obispo County Apartments

What is a cheap apartment in San Luis Obispo County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in San Luis Obispo County is under $2,300.

What is the price of a cheap apartment in San Luis Obispo County?

The cheapest apartment in San Luis Obispo County is Vista Robles which is listed at $1,240, while the average apartment in San Luis Obispo County costs $3,386.

What types of apartments are the cheapest in San Luis Obispo County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in San Luis Obispo County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in San Luis Obispo County?

Cheap apartments in San Luis Obispo County have an average cost of $537 which is $2,849 cheaper than the average rent for all rentals in San Luis Obispo County.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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.