
Cheap Apartments for Rent in San Miguel, CA from $400 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in San Miguel.


Avila Apartments in Downtown SLO

California Grand Manor Senior Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Villa Paseo Palms
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
San Miguel, CA Local Guide

How much does it cost to rent an apartment in San Miguel?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| San Miguel Studio Apartments | $1,849 | $875 | $2,715 |
| San Miguel 1 Bedroom Apartments | $2,322 | $495 | $3,300 |
| San Miguel 2 Bedroom Apartments | $2,491 | $634 | $3,845 |
| San Miguel 3 Bedroom Apartments | $3,339 | $685 | $4,170 |
| San Miguel 4 Bedroom Apartments | $3,296 | $2,095 | $4,497 |
Browse Top Apartments in San Miguel
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San Miguel, CA Local Guide
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Cheapest Available San Miguel Apartments for Rent and Nearby
 The cheapest available apartment rental in San Miguel, CA is a 1 Bed unit found at Palmer Villas Apartments priced from $495. Avila Apartments in Downtown SLO in the Valle Vista neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here is today’s list of the most affordable San Miguel apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Palmer Villas Apartments | 1 Bed 1 Bath | 1BR,1BA | $495 |
| Avila Apartments in Downtown SLO | Avila Studio | Studio,1BA | $875 |
| Coaling Station B | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,100 |
Best Value Apartments for Rent in San Miguel, CA and Nearby
As of December 27, 2025 the best value apartment in the San Miguel area is the $2.53 price per square foot 2BR/1.5BA Model at Emerald Ridge Apartments in the in the Morro Bay Cayucos Cambria neighborhood starting from $2,995. The second greatest value San Miguel apartment is the Two Bedroom Apartment Model at ReNew Atascadero starting at $2,725 with a $2.78 price per square foot in the Atascadero Templeton neighborhood. Here is today’s list of the best values for San Miguel apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Emerald Ridge Apartments | 2BR/1.5BA | 2BR,1.5BA | $2.53 |
| ReNew Atascadero | Two Bedroom Apartment | 2BR,2BA | $2.78 |
| Bordeaux House Apartments | Two Bedroom Two Bath | 2BR,2BA | $2.43 |
| Alder Creek Apartments | 2BR/1.0BA | 2BR,1BA | $2.61 |
| The Oaks at Jornada | 2bdx2bth Normal, upstairs, electric | 2BR,2BA | $2.54 |
| Dry Creek | 21 | 2BR,1BA | $2.38 |
| Palmer Villas Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.58 |
| Coaling Station B | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.33 |
| Walnut Place & Walnut Terrace | 2 Bedroom 1 bath | 2BR,1BA | $2.04 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2.73 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore San Miguel, CA Rentals by Map
See the most popular apartments and homes in San Miguel, CA
Frequently Asked Questions about Cheap San Miguel Apartments
What is the Cheapest Studio apartment in San Miguel?
Currently the most affordable Cheap Studio Apartment in San Miguel is at Avila Apartments in Downtown SLO listed at $875.
How much is rent for a Cheap One Bedroom San Miguel Apartment?
The lowest price for a Cheap One Bedroom San Miguel Apartment is $495 at Palmer Villas Apartments.
What is the lowest price for a Cheap Two Bedroom San Miguel Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in San Miguel is starting from $634 at Palmer Villas Apartments.
What is the most affordable San Miguel Three Bedroom Apartment?
The best deal on a cheap San Miguel Three Bedroom Apartment rental is at Palmer Villas Apartments and starts from $685.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!





