
Cheap Homes for Rent in the Downtown San Mateo Neighborhood of San Mateo, CA from $4,250 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown San Mateo area of San Mateo.


24 Baytree Way, Unit 2

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710 Laurel Ave, Unit GO FL3-ID2069

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65 W 5th Ave, Unit SI FL3-ID499
San Francisco's Best Affordable Neighborhoods
Learn about San Francisco and the best places to live with original content written by our San Francisco, CA Local Expert Shannon Hilson

230 Eaton Rd

111 10th Ave

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337 S Fremont St, Unit SI FL2-ID435

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338 S Fremont St, Unit SI FL3-ID1122
Rent According to Income: A Look at Income-Restricted Rentals
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338 S Fremont St, Unit SI FL3-ID1249
Downtown San Mateo, San Mateo, CA Local Guide

How much does it cost to rent a home in Downtown San Mateo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown San Mateo 2 Bedroom Homes for Rent | $4,870 | $4,250 | $5,780 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown San Mateo Neighborhood of San Mateo, CA.
Explore San Mateo
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 $2,425. RYAN TOWER has the second lowest priced unit, which is a 1 Bed apartment currently listed from $3,650. Here are the most affordable Downtown San Mateo apartments for rent in San Francisco, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fourth Circle | Studio | Studio,1BA | $2,425 |
| RYAN TOWER | 1x1 | 1BR,1BA | $3,650 |
| Two50 Downtown | Studio 550 sq ft | Studio,1BA | $3,895 |
Best Value Apartments for Rent in Downtown San Mateo, CA
As of September 05, 2026 the best value apartment in the Downtown San Mateo area is the $5.21 price per square foot Plan 3AR Model at Metropolitan in the in the Central San Mateo neighborhood starting from $7,427. The second greatest value Downtown San Mateo apartment is the Fully Updated 2Bed/1Bath Model at Park Laurel Apartments starting at $4,200 with a $4.67 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Metropolitan | Plan 3AR | 3BR,2BA | $5.21 |
| Park Laurel Apartments | Fully Updated 2Bed/1Bath | 2BR,1BA | $4.67 |
| RYAN TOWER | 1x1 | 1BR,1BA | $5.21 |
| Brickline Flats | Plan 1F | 1BR,1BA | $9.01 |
| Two50 Downtown | Studio 540 sq ft | Studio ,1BA | $7.21 |
| Fourth Circle | Studio | Studio ,1BA | $4.85 |
Frequently Asked Questions about Downtown San Mateo
What type of rentals are currently available in Downtown San Mateo?
There are currently 178 Apartments for Rent in Downtown San Mateo, CA with pricing that ranges from $2,425 to $7,427. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown San Mateo ranging from $4,250 to $5,780.
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 $4,250 to $5,780 with an average monthly rent of $4,870.
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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