Cheap Homes for Rent in San Luis Obispo County, CA from $1,300 (22 Rentals)

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

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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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 Creek222BR,2BA$1,951
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 15, 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 San Luis Obispo County

What type of rentals are currently available in San Luis Obispo County?

There are currently 470 Apartments for Rent in San Luis Obispo County, CA with pricing that ranges from $1,000 to $6,950. There are also 128 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo County ranging from $1,300 to $24,000.

What is the current price range for Rental Homes in San Luis Obispo County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in San Luis Obispo County ranges from $1,300 to $24,000 with an average monthly rent of $9,652.

How much are larger Three and Four Bedroom Rentals in San Luis Obispo County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in San Luis Obispo County range from $2,750 to $4,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $8,000. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $2,550.

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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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!