Cheap Homes for Rent in the Downtown San Mateo Neighborhood of San Mateo, CA from $4,250 (9 Rentals)

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

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property at 230 Eaton Rd
$4,250
2 Bedroom, 2 Bath Townhome for Rent
Available Now

230 Eaton Rd

San MateoCA94402
property at 111 10th Ave
$4,580

Total Monthly Price

Base Rent$4,580

Total Monthly Price$4,580
2 Bedroom, 2 Bath Townhome for Rent
Available Now
Furnished

111 10th Ave

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 $2,425. 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 ListingModel NameBed/BathPriced From
Fourth CircleStudioStudio,1BA$2,425
RYAN TOWER1x11BR,1BA$3,650
Two50 DowntownStudio 550 sq ftStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
MetropolitanPlan 3AR3BR,2BA$5.21
Park Laurel ApartmentsFully Updated 2Bed/1Bath2BR,1BA$4.67
RYAN TOWER1x11BR,1BA$5.21
Brickline FlatsPlan 1F1BR,1BA$9.01
Two50 DowntownStudio 540 sq ftStudio ,1BA$7.21
Fourth CircleStudioStudio ,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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