Cheap Apartments for Rent in San Luis Obispo County, CA from $700 (17 Rentals)

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

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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Sheri Apartments
1 Bedroom Apartments

Sheri Apartments

721 Johnson AveSan Luis Obispo, CA 93401
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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River Walk Terrace
1 Bedroom Apartments

River Walk Terrace

120 Niblick RdPaso Robles, CA 93446
Senior Living
  • Utilities Included
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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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El Dorado Apartments
1 to 3 Bedroom Apartments

El Dorado Apartments

555 Westmont AveSan Luis Obispo, CA 93405
  • Utilities Included

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 Connect SLO in the 3592 Broad neighborhood priced from $1,795. Apartments close to Cal Poly SLO in the Valle Vista neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,950. Here is today’s list of the most affordable San Luis Obispo County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Connect SLOThe Affordable StudioStudio,1BA$1,795
Apartments close to Cal Poly SLOAvailable July 2025 - June 2026 | 1 BD / 1 BA C...1BR,1BA$1,950
Dry Creek212BR,1BA$1,964
Avila Senior Living at Downtown SLOAvila Studio1BR,1BA$1,975
Roundhouse PlaceThe 438 StudioStudio,1BA$1,995

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

As of July 06, 2025 the best value apartment in the San Luis Obispo County area is the $2.65 price per square foot Three Bedroom Townhome Model at ReNew Atascadero in the in the Atascadero Templeton neighborhood starting from $3,395. The second greatest value San Luis Obispo County apartment is the 2 Bedroom with Laundry Model at Villa Del Rio starting at $2,550 with a $2.62 price per square foot in the The Summit 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.
ReNew AtascaderoThree Bedroom Townhome3BR,2.5BA$2.65
Villa Del Rio2 Bedroom with Laundry2BR,1BA$2.62
Bordeaux House ApartmentsTwo Bedroom Two Bath2BR,2BA$2.13
5455 Bolsa Rd, Unit Country Cottage5455 Bolsa Rd1BR,1BA$2.32
The Oaks at Jornada2bdx2bth, downstairs Renovated2BR,2BA$2.60
Dry Creek212BR,1BA$2.31
Ramona Gardens2 Bed, 2 Bath2BR,2BA$2.88
Blue OakThe Cabernet1BR,1BA$3.02
Apartments close to Cal Poly SLOAvailable July 2025 - June 2026 | 1 BD / 1 BA C...1BR,1BA$2.60
WinemanPent HouseStudio ,2BA$2.93

Frequently Asked Questions about Cheap San Luis Obispo County Apartments

What is the Cheapest Studio apartment in San Luis Obispo County?

Currently the most affordable Cheap Studio Apartment in San Luis Obispo County is at Connect SLO listed at $1,795.

How much is rent for a Cheap One Bedroom San Luis Obispo County Apartment?

The lowest price for a Cheap One Bedroom San Luis Obispo County Apartment is $1,950 at Apartments close to Cal Poly SLO.

What is the lowest price for a Cheap Two Bedroom San Luis Obispo County Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in San Luis Obispo County is starting from $1,964 at Dry Creek.

What is the most affordable San Luis Obispo County Three Bedroom Apartment?

The best deal on a cheap San Luis Obispo County Three Bedroom Apartment rental is at Arrive Paso Robles and starts from $3,350.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.