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.

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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. 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 San Luis Obispo County

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

There are currently 472 Apartments for Rent in San Luis Obispo County, CA with pricing that ranges from $1,030 to $22,000. There are also 115 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo County ranging from $1,350 to $17,500.

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 $1,350 to $17,500 with an average monthly rent of $7,490.

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 $2,650 to $4,790, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $6,500. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $2,550.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.