
Cheap Homes for Rent in San Luis Obispo, CA from $1,200 (15 Rentals)
Search the lowest-cost Homes available for rent right now in San Luis Obispo.


1975 Abbott St

750 Chorro St

1750 Prefumo Canyon Rd

1021 Southwood Dr, Unit #H

1427 Hansen Ln

1287 Manzanita Way

1453-1453-1/2 Lizzie St

859 California Blvd

11295 Los Osos Valley Rd

1029 Southwood Dr

528 Hathway Ave

45 StennerUnit F

3335 Broad St

2917 Garibaldi Ave
San Luis Obispo, CA Local Guide

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 | $3,425 | $2,300 | $6,000 |
San Luis Obispo 3 Bedroom Homes for Rent | $4,439 | $1,200 | $7,500 |
San Luis Obispo 4 Bedroom Homes for Rent | $6,521 | $4,000 | $8,995 |
San Luis Obispo 5 Bedroom Homes for Rent | $7,650 | $5,900 | $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: 03/23/2025Current 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 | $3,330 | $1,850 | 525 |
Laguna Lake | $3,475 | $1,645 | 838 |
Valle Vista | $4,400 | $699 | 664 |
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 Apartments in the Valle Vista neighborhood priced from $699. University Chorro Commons in the Valle Vista neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,000. 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 Apartments | Large SHARED Room in a 5 Bed, 2 Bath Suite (MUS... | 5BR,2BA | $699 |
University Chorro Commons | 1/1 | 1BR,1BA | $2,000 |
Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2,100 |
Harvest Lofts | Studio | Studio,1BA | $2,355 |
Vintage at SLO | The Napa | Studio,1BA | $2,395 |
Best Value Apartments for Rent in San Luis Obispo, CA
As of March 23, 2025 the best value apartment in the San Luis Obispo area is the $2.94 price per square foot 2BR/1.0BA Model at Irish Hills Hamlet Apartments in the in the Valle Vista neighborhood starting from $2,500. The second greatest value San Luis Obispo apartment is the 2BR/2.0BA Model at Twin Creeks Apartments starting at $3,250 with a $3.92 price per square foot in the 3592 Broad 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. |
---|---|---|---|
Irish Hills Hamlet Apartments | 2BR/1.0BA | 2BR,1BA | $2.94 |
Twin Creeks Apartments | 2BR/2.0BA | 2BR,2BA | $3.92 |
University Chorro Commons | 1/1 | 1BR,1BA | $3.33 |
Vintage at SLO | The Napa | Studio ,1BA | $4.79 |
Harvest Lofts | Plan A | 1BR,1BA | $5.86 |
The SLO Apartments | Large SHARED Room in a 5 Bed, 2 Bath Suite (MUS... | 5BR,2BA | $7.52 |
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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 164 Apartments for Rent in San Luis Obispo, CA with pricing that ranges from $699 to $5,400. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo ranging from $1,200 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 $1,200 to $11,700 with an average monthly rent of $6,080.
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 $1,200 to $7,500. Four Bedroom Single-Family rentals are also available starting from $4,000 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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.