Cheap Homes for Rent in Downtown San Mateo Neighborhood of San Mateo, CA from $3,100 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown San Mateo area of San Mateo.

property at 111 Elm St

$3,150

2 Bedroom, 1 Bath Condo for Rent

Available Now

111 Elm St

San MateoCA94401

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Cheapest Available Downtown San Mateo Apartments for Rent

 

The cheapest available apartment rental in the Downtown San Mateo area of San Francisco, CA is a Studio unit found at Fourth Circle priced from $2,215. Ryan Tower has the second lowest priced unit, which is a Studio apartment currently listed from $2,599. Here are the most affordable Downtown San Mateo apartments for rent in San Francisco, CA:

Apartment ListingModel NameBed/BathPriced From
Fourth CircleStudioStudio,1BA$2,215
Ryan TowerStudioStudio,1BA$2,599
West 5th1 Bedroom Large1BR,1BA$2,875
Two50 DowntownStudio 480 sq ftStudio,1BA$3,095
111 Elm St2 bed 1 bath2BR,1BA$3,150

Best Value Apartments for Rent in Downtown San Mateo, CA

As of January 14, 2026 the best value apartment in the Downtown San Mateo area is the $2.47 price per square foot 21 El Cerrito Ave Model at 21 El Cerrito Ave, Unit 21 in the in the Central San Mateo neighborhood starting from $4,700. The second greatest value Downtown San Mateo apartment is the 2 bed 1 bath Model at 111 Elm St starting at $3,150 with a $3.50 price per square foot in the Central San Mateo neighborhood. Here is today’s list of the best values for Downtown San Mateo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
21 El Cerrito Ave, Unit 2121 El Cerrito Ave2BR,2.5BA$2.47
111 Elm St2 bed 1 bath2BR,1BA$3.50
Monterey Garden1x11BR,1BA$4.66
MetropolitanPlan 1GR1BR,1BA$5.40
West 5th1 Bedroom Large1BR,1BA$3.98
Park Laurel ApartmentsFully Renovated 1 Bed/1 Bath1BR,1BA$4.93
Fourth CircleStudioStudio ,1BA$4.43
Two50 DowntownStudio 480 sq ftStudio ,1BA$6.45
Ryan TowerStudioStudio ,1BA$6.55

Frequently Asked Questions about Downtown San Mateo

What type of rentals are currently available in Downtown San Mateo?

There are currently 179 Apartments for Rent in Downtown San Mateo, CA with pricing that ranges from $2,215 to $6,260. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown San Mateo ranging from $3,150 to $17,500.

What is the current price range for Rental Homes in Downtown San Mateo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown San Mateo ranges from $3,150 to $17,500 with an average monthly rent of $8,927.

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.

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