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.

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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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Fairview Apartments
1 to 2 Bedroom Apartments

Fairview Apartments

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

College Gardens

284 N Chorro StSan Luis Obispo, CA 93405
Student Housing
  • Utilities Included
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Serenity Hills
2 to 3 Bedroom Apartments

Serenity Hills

112 Brewer StTempleton, CA 93465
  • Utilities Included
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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 California Grand Manor Senior Apartments in the Atascadero Templeton neighborhood priced from $1,030. The SLO Student Living Apartments in the Valle Vista neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here is today’s list of the most affordable San Luis Obispo County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
California Grand Manor Senior ApartmentsStudioStudio,1BA$1,030
The SLO Student Living ApartmentsLarge Private Room in 2 Bed Suite Next to Cal P...1BR,1BA$1,049
Bordeaux House ApartmentsTwo Bedroom Two Bath2BR,2BA$1,852
Laguna Terrace ApartmentsTwo/One2BR,1BA$1,900
Avila Senior Living at Downtown SLOAvila Studio1BR,1BA$1,975

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

As of August 21, 2025 the best value apartment in the San Luis Obispo County area is the $2.53 price per square foot 2BR/1.5BA Model at Emerald Ridge Apartments in the in the Morro Bay Cayucos Cambria neighborhood starting from $2,995. The second greatest value San Luis Obispo County apartment is the The Chardonnay Model at Blue Oak starting at $2,836 with a $2.50 price per square foot . 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.
Emerald Ridge Apartments2BR/1.5BA2BR,1.5BA$2.53
Blue OakThe Chardonnay2BR,1.5BA$2.50
Valencia ApartmentsFuture Floorplan3BR,2BA$1.34
Chorro at SLO4BR/2BA - Morro4BR,2BA$1.50
Bordeaux House ApartmentsTwo Bedroom Two Bath2BR,2BA$1.95
The Oaks at Jornada2bdx2bth Renovated, upstairs, electric2BR,2BA$2.54
Laguna Terrace ApartmentsTwo/One2BR,1BA$2.21
Dry Creek222BR,2BA$2.42
407 Crocker St, Unit #D407 Crocker St2BR,1BA$2.45
California Grand Manor Senior Apartments1 bedroom1BR,1BA$1.93

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 California Grand Manor Senior Apartments listed at $1,030.

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 $1,049 at The SLO Student Living Apartments.

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 $1,852 at Bordeaux House Apartments.

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 ReNew Atascadero and starts from $3,195.

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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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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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