Cheap New Apartments for Rent in San Francisco, CA from $500 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in San Francisco.

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FOUND Study San Francisco
Built in 2016Studio to 1 Bedroom Apartments

FOUND Study San Francisco

16 Turk StSan Francisco, CA 94102
Student Housing
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La Fnix at 1950
Built in 2020Studio to 3 Bedroom Apartments

La Fnix at 1950

1950 Mission StSan Francisco, CA 94103
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1100 Ocean Avenue
Built in 2015Studio to 3 Bedroom Apartments

1100 Ocean Avenue

1100-1140 Ocean AveSan Francisco, CA 94112
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The Kelsey Civic Center
Built in 2025Studio to 2 Bedroom Apartments

The Kelsey Civic Center

240 Van Ness AveSan Francisco, CA 94102
  • Utilities Included
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1335 Folsom St
Built in 2018Studio Apartments

1335 Folsom St

1335 Folsom StSan Francisco, CA 94103
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Artthaus Mandela
Built in 2022Studio Apartments

Artthaus Mandela

1705 Mandela PkyOakland, CA 94607
  • Utilities Included

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

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Brunswick Street Apartments
Built in 2020Studio Apartments

Brunswick Street Apartments

4619 Brunswick StDaly City, CA 94014
Senior Living
  • Utilities Included

San Francisco, CA Local Guide

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Getting Around San Francisco, CA

Walk Score®

95 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

83 / 100

Excellent Transit

Transit is convenient for most trips

San Francisco, CA Area Reviews

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Shannon

February 25, 2025

Gorgeous parks and a wonderful place for those who appreciate culture, great food, and incredible ocean views. The arts and culture scene here is world-class!

Frequently Asked Questions about Cheap San Francisco Apartments

What is a cheap apartment in San Francisco?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in San Francisco is under $1,395.

What is the price of a cheap apartment in San Francisco?

The cheapest apartment in San Francisco is FOUND Study San Francisco which is listed at $700, while the average apartment in San Francisco costs $5,296.

What types of apartments are the cheapest in San Francisco?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12,362 regular apartments in San Francisco that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in San Francisco?

Cheap apartments in San Francisco have an average cost of $1,026 which is $4,270 cheaper than the average rent for all rentals in San Francisco.

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 A San Francisco Local Expert’s Guide to the Top Budget-Friendly Bay Area Neighborhoods to Rent article

A San Francisco Local Expert’s Guide to the Top Budget-Friendly Bay Area Neighborhoods to Rent

Written by: Shannon Hilson

If you’re anything like me, the thought of San Francisco is synonymous with concepts like creativity, character, and quirky local style.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.