Cheap Apartments for Rent in San Luis Obispo County, CA from $800 (22 Rentals)

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

property at 905 Madonna Rd

$1,500 - $4,500

1 To 3 Bedroom Rentals

Available Now

905 Madonna Rd

San Luis ObispoCA93405

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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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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
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River Walk Terrace
1 to 2 Bedroom Apartments

River Walk Terrace

120 Niblick RdPaso Robles, CA 93446
Senior Living
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College Gardens
1 to 2 Bedroom Apartments

College Gardens

284 N Chorro StSan Luis Obispo, CA 93405
Student Housing
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Garfield Arms Apartments
Studio to 2 Bedroom Apartments

Garfield Arms Apartments

738 Grand AveSan Luis Obispo, CA 93401
  • Utilities Included

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Showing Results 1-22, 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 Studio unit found at Avila Apartments in Downtown SLO in the Valle Vista neighborhood priced from $875. Villa Paseo Palms in the The Summit neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,396. Here is today’s list of the most affordable San Luis Obispo County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Avila Apartments in Downtown SLOAvila StudioStudio,1BA$875
Villa Paseo PalmsStudioStudio,1BA$1,396
Dry Creek212BR,1BA$1,905
Alturas Paso Robles Apartment Homes1/1A1BR,1BA$1,995
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2,050

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

As of January 16, 2026 the best value apartment in the San Luis Obispo County 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 San Luis Obispo County apartment is the Two Bedroom Apartment Model at ReNew Atascadero starting at $2,615 with a $2.67 price per square foot in the Atascadero Templeton 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.
Peach Street2x1.52BR,1.5BA$2.60
ReNew AtascaderoTwo Bedroom Apartment2BR,2BA$2.67
Alder Creek Apartments2BR/1.0BA2BR,1BA$2.61
The Oaks at Jornada2bdx2bth Normal, upstairs, electric2BR,2BA$2.54
Bordeaux House Apartments212BR,1BA$2.47
Dry Creek212BR,1BA$2.38
5557 Tunitas Ave, Unit A5557 Tunitas Ave2BR,1BA$2.97
Ramona GardensAvailable 2 Bedroom2BR,2BA$2.78
Arrive Paso RoblesThe Isabella1BR,1BA$2.92
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2.73

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 $2,150.

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

The cheapest apartment in San Luis Obispo County is Villa Paseo Palms which is listed at $1,482, while the average apartment in San Luis Obispo County costs $4,300.

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 3 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 $232 which is $4,068 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 Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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!