Cheap Homes for Rent in San Luis Obispo County, CA from $1,000 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 3051 Augusta St

$1,500 - $2,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,200
Total Monthly Price
$1,500 - $2,200

1 To 2 Bedroom Townhomes for Rent

Available Sep 1

3051 Augusta St

San Luis ObispoCA93401
property at 1549 Mill St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

1 Bedroom, 1 Bath Home for Rent

Available Now

1549 Mill St

San Luis ObispoCA93401

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
property at 3591 Sacramento Dr

$1,870 - $4,200

1 To 3 Bedroom Rentals

Available Now

3591 Sacramento Dr

San Luis ObispoCA93401
property at 1421 Pine St

$1,975

Total Monthly Price

Total Monthly Price

Base Rent
$1,975
Total Monthly Price
$1,975

1 Bedroom, 1 Bath Home for Rent

Available Now

1421 Pine St

Paso RoblesCA93446

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
property at 262 Tally Ho Rd

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

262 Tally Ho Rd

Arroyo GrandeCA93420

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
Showing Results 1-21, 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 1 Bed unit found at The SLO Student Living Apartments in the San Luis Obispo neighborhood priced from $999. River Walk Terrace in the Paso Robles neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,501. Here is today’s list of the most affordable San Luis Obispo County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The SLO Student Living ApartmentsPrivate Room in a 2 Bed 1 Bath Suite Near Cal P...1BR,1BA$999
River Walk TerraceOne Bedroom 60% AMI1BR,1BA$1,501
Villa Paseo PalmsOne Bedroom1BR,1BA$1,556
Laguna Terrace ApartmentsTwo/One2BR,1BA$1,950
Dry Creek Apartments2x12BR,1BA$1,950

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

As of August 14, 2026 the best value apartment in the San Luis Obispo County area is the $2.50 price per square foot Three Bedroom Townhome Model at ReNew Atascadero in the in the Atascadero Templeton neighborhood starting from $3,195. The second greatest value San Luis Obispo County apartment is the 2BR/1.5BA Model at Emerald Ridge Apartments starting at $3,050 with a $2.57 price per square foot in the Morro Bay Cayucos Cambria 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$2.50
Emerald Ridge Apartments2BR/1.5BA2BR,1.5BA$2.57
Arrive Paso RoblesThe Grace2BR,2BA$2.57
172 W Price St2 Beds, 2 Baths2BR,2BA$2.10
194 S Elm St, Unit A194 S Elm St2BR,1BA$2.64
Laguna Terrace ApartmentsTwo/One2BR,1BA$2.27
Dry Creek Apartments2x22BR,2BA$2.35
5440 Capistrano Ave, Unit B5440 Capistrano Ave2BR,1BA$2.69
River Walk TerraceOne Bedroom 60% AMI1BR,1BA$2.39
Villa Paseo PalmsOne Bedroom1BR,1BA$2.69

Frequently Asked Questions about San Luis Obispo County

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

There are currently 491 Apartments for Rent in San Luis Obispo County, CA with pricing that ranges from $950 to $7,171. There are also 132 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo County ranging from $1,000 to $10,300.

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 $1,000 to $10,300 with an average monthly rent of $3,874.

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 $2,600 to $7,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,650 to $6,500. Four Bedroom Single-Family rentals are also available starting from $3,400 and Four Bedroom Apartments start at $1,490.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.