Cheap Homes for Rent in San Luis Obispo County, CA from $1,500 (18 Rentals)

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Search the lowest-cost Homes available for rent right now in San Luis Obispo County.

property at 679 Rancho Dr

679 Rancho Dr

San Luis ObispoCA93405

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Cheapest Available San Luis Obispo County Apartments for Rent

 

The cheapest available apartment rental in San Luis Obispo County, CA is a 5 Beds unit found at The SLO Student Living Apartments in the Valle Vista neighborhood priced from $699. California Grand Manor Senior Apartments in the Atascadero Templeton neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,030. Here is today’s list of the most affordable San Luis Obispo County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The SLO Student Living ApartmentsLarge Shared Bedroom & Common Areas in 5 Bed 2 ...5BR,2BA$699
California Grand Manor Senior ApartmentsStudioStudio,1BA$1,030
River Walk TerraceOne Bedroom 60% AMI1BR,1BA$1,425
Bordeaux House ApartmentsTwo Bedroom One Bath2BR,1BA$1,702
Avila Senior LivingStudioStudio,1BA$1,995

Best Value Apartments for Rent in San Luis Obispo County, CA

As of April 29, 2025 the best value apartment in the San Luis Obispo County area is the $2.54 price per square foot Three Bedroom Townhome Model at ReNew Atascadero in the in the Atascadero Templeton neighborhood starting from $3,245. The second greatest value San Luis Obispo County apartment is the 5910 El Camino Real Model at 5910 El Camino Real, Unit 5910 starting at $2,400 with a $2.40 price per square foot in the Atascadero Templeton neighborhood. Here is today’s list of the best values for San Luis Obispo County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
ReNew AtascaderoThree Bedroom Townhome3BR,2.5BA$2.54
5910 El Camino Real, Unit 59105910 El Camino Real2BR,1BA$2.40
Villa Del Rio2 Bedroom with Laundry2BR,1BA$2.82
Oak Park Village Apartments2BR/2.0BA2BR,2BA$3.13
The Oaks at Jornada2BR/2.0BA2BR,2BA$2.54
Bordeaux House ApartmentsTwo Bedroom One Bath2BR,1BA$2.00
Irish Hills Hamlet Apartments1BR/1.0BA1BR,1BA$2.93
720 Park St, Unit A720 Park St2BR,1BA$2.66
River Walk TerraceOne Bedroom 60% AMI1BR,1BA$2.27
California Grand Manor Senior ApartmentsStudioStudio ,1BA$1.90

Frequently Asked Questions about San Luis Obispo County

What type of rentals are currently available in San Luis Obispo County?

There are currently 446 Apartments for Rent in San Luis Obispo County, CA with pricing that ranges from $699 to $8,500. There are also 118 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Luis Obispo County ranging from $1,500 to $50,000.

What is the current price range for Rental Homes in San Luis Obispo County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in San Luis Obispo County ranges from $1,500 to $50,000 with an average monthly rent of $6,654.

How much are larger Three and Four Bedroom Rentals in San Luis Obispo County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in San Luis Obispo County range from $3,395 to $4,030, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,750 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,995 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.

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

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.