1330 Southwood Dr
San Luis ObispoCA93401
Cheap Homes for Rent in San Luis Obispo, CA from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in San Luis Obispo.
974 Chorro St
San Luis ObispoCA93401
1975 Abbott St
San Luis ObispoCA93401
2225 Exposition Dr
San Luis ObispoCA93401
1453-1453-1/2 Lizzie St
San Luis ObispoCA93401
859 California Blvd
San Luis ObispoCA93401
1043 Ella St
San Luis ObispoCA93401
11295 Los Osos Valley Rd
San Luis ObispoCA93405
1029 Southwood Dr
San Luis ObispoCA93401
45 StennerUnit F
San Luis ObispoCA93405
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San Luis Obispo, CA Local Guide
Los Osos Valley Sunset by Jesse Palmer is licensed under CC BY 2.0
How much does it cost to rent a home in San Luis Obispo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| San Luis Obispo 2 Bedroom Homes for Rent | $3,468 | $2,300 | $6,000 |
| San Luis Obispo 3 Bedroom Homes for Rent | $4,636 | $3,500 | $7,500 |
| San Luis Obispo 4 Bedroom Homes for Rent | $6,323 | $4,200 | $8,995 |
| San Luis Obispo 5 Bedroom Homes for Rent | $6,866 | $5,000 | $9,500 |
| San Luis Obispo 6 Bedroom Homes for Rent | $11,700 | $10,000 | $10,000+ |
Browse Top Homes for Rent in San Luis Obispo
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San Luis Obispo, CA Local Guide
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Cheapest Neighborhoods for Apartments in San Luis Obispo, CA
Pricing Updated: 04/13/2025Current apartment rentals in the San Luis Obispo, CA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for San Luis Obispo Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| 3592 Broad | $3,355 | $1,850 | 27 |
| Laguna Lake | $3,475 | $1,645 | 46 |
| Valle Vista | $4,400 | $699 | 39 |
Cheapest Available San Luis Obispo Apartments for Rent
The cheapest available apartment rental in San Luis Obispo, CA is a 5 Beds unit found at The SLO Student Living Apartments in the Valle Vista neighborhood priced from $699. Peach Street in the 3592 Broad neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. Here is today’s list of the most affordable San Luis Obispo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The SLO Student Living Apartments | Large Shared Bedroom & Common Areas in 5 Bed 2 ... | 5BR,2BA | $699 |
| Peach Street | STUDIO | Studio,1BA | $1,850 |
| University Chorro Commons | 1/1 | 1BR,1BA | $2,000 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of April 13, 2025 the best value apartment in the San Luis Obispo area is the $3.25 price per square foot The Mendocino Model at Vintage at SLO in the in the 3592 Broad neighborhood starting from $3,290. The second greatest value San Luis Obispo apartment is the 446 Dana St Model at 446 Dana St, Unit 100 starting at $3,000 with a $3.55 price per square foot in the Valle Vista neighborhood. Here is today’s list of the best values for San Luis Obispo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Vintage at SLO | The Mendocino | 2BR,2.5BA | $3.25 |
| 446 Dana St, Unit 100 | 446 Dana St | 2BR,1BA | $3.55 |
| Twin Creeks Apartments | 2BR/2.0BA | 2BR,2BA | $3.92 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2.80 |
| University Chorro Commons | 1/1 | 1BR,1BA | $3.33 |
| 2029 Beebee St, Unit F | 2029 Beebee St | 1BR,1BA | $4.54 |
| Connect SLO | The Studio | Studio ,1BA | $4.52 |
| de Tolosa Ranch Apartments | 0BR/1.0BA | Studio ,1BA | $4.95 |
| Peach Street | STUDIO | Studio ,1BA | $4.28 |
| The Junction | 0BR/1.0BA | Studio ,1BA | $5.43 |
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Frequently Asked Questions about San Luis Obispo
What type of rentals are currently available in San Luis Obispo?
There are currently 169 Apartments for Rent in San Luis Obispo, CA with pricing that ranges from $699 to $5,400. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo ranging from $1,300 to $11,700.
What is the current price range for Rental Homes in San Luis Obispo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in San Luis Obispo ranges from $1,300 to $11,700 with an average monthly rent of $5,773.
How much are larger Three and Four Bedroom Rentals in San Luis Obispo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in San Luis Obispo range from $3,300 to $5,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,500 to $7,500. Four Bedroom Single-Family rentals are also available starting from $4,200 and Four Bedroom Apartments start at $1,655.
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.
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.
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.
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.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.