Cheap Apartments for Rent in San Luis Obispo County, CA from $700 (22 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
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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
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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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River Walk Terrace
1 to 2 Bedroom Apartments

River Walk Terrace

120 Niblick RdPaso Robles, CA 93446
Senior Living
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Serenity Hills
2 to 3 Bedroom Apartments

Serenity Hills

112 Brewer StTempleton, CA 93465
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Garfield Arms Apartments
Studio to 2 Bedroom Apartments

Garfield Arms Apartments

738 Grand AveSan Luis Obispo, CA 93401
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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. Peach Street in the Valle Vista neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. 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
Peach StreetSTUDIOStudio,1BA$1,850
Laguna Terrace ApartmentsTwo/One2BR,1BA$1,900
Roundhouse PlaceThe 456 StudioStudio,1BA$1,950
Dry Creek222BR,2BA$1,951

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

As of November 24, 2025 the best value apartment in the San Luis Obispo County area is the $2.04 price per square foot 3217 Johnson Ave Model at 3217 Johnson Ave, Unit #24 in the in the 3592 Broad neighborhood starting from $2,650. The second greatest value San Luis Obispo County apartment is the 2BR/2.5BA Model at de Tolosa Ranch Apartments starting at $3,295 with a $2.58 price per square foot in the Laguna Lake 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.
3217 Johnson Ave, Unit #243217 Johnson Ave3BR,1.5BA$2.04
de Tolosa Ranch Apartments2BR/2.5BA2BR,2.5BA$2.58
Blue OakThe Chardonnay2BR,1.5BA$2.34
ReNew AtascaderoTwo Bedroom Apartment2BR,2BA$2.67
Bordeaux House ApartmentsTwo Bedroom Two Bath2BR,2BA$2.11
Alder Creek Apartments2BR/1.0BA2BR,1BA$2.61
The Oaks at Jornada2bdx2bth Renovated, upstairs, electric2BR,2BA$2.54
Laguna Terrace ApartmentsTwo/One2BR,1BA$2.21
Dry Creek222BR,2BA$2.30
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2.73

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 Avila Apartments in Downtown SLO listed at $875.

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 $1,995 at Alturas Paso Robles Apartment Homes.

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 $1,900 at Laguna Terrace 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 $3,095.

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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.