How many apartments are available in San Luis Obispo, CA on Rentable.co?

Rentable.co has over 2,179 apartments available in San Luis Obispo.

What is the average rent for a studio apartment in San Luis Obispo, CA?

The average rent for a <a href='/san-luis-obispo-ca/studio-apartments-for-rent' >studio apartment</a> in San Luis Obispo is around $1,700 per month.

What is the average rent for a one-bedroom apartment in San Luis Obispo, CA?

The average rent for a <a href='/san-luis-obispo-ca/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in San Luis Obispo is around $2,000 per month.

What is the average rent for a two-bedroom apartment in San Luis Obispo, CA?

The average rent for a <a href='/san-luis-obispo-ca/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in San Luis Obispo is around $2,830 per month.

How expensive is it to rent an apartment in San Luis Obispo, CA?

For a two-bedroom apartment in San Luis Obispo, the average rent price is $2,830 per month, which is higher than the national average of $1,600 per month.

Can I afford an apartment for rent in San Luis Obispo, CA?

Based on average rent prices in San Luis Obispo, to afford a <a href='/san-luis-obispo-ca/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $68,000 to live comfortably.

Apartments Near California Polytechnic State University-San Luis Obispo

San Luis Obispo:
November Rent Report

Welcome to the November 2024 San Luis Obispo Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the San Luis Obispo rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in San Luis Obispo and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of San Luis Obispo average rent prices in the chart below.

Monthly Rent Report

$2,850

$2,140

$1,430

$710

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

San Luis Obispo Rent Prices Decrease From October to November

San Luis Obispo rent prices decreased over the last month. From October to November, the city experienced a -0.76% decrease for the price of a one-bedroom apartment. The rent price for a San Luis Obispo one-bedroom apartments currently stands at $2,076.0.

When we take a look at the two-bedroom comparison from October to November, San Luis Obispo experienced a -1.02% decrease for the price of a two-bedroom apartment. The rent price for a San Luis Obispo two-bedroom apartments currently stands at $2,627.0.

November Prices: San Luis Obispo vs. Surrounding Areas

Pismo Beach, CA

Arroyo Grande, CA

San Luis Obispo, CA

Morro Bay, CA

Atascadero, CA

Paso Robles, CA

Grover Beach, CA

$2,550

$2,100

$2,092

$1,926

$1,893

$1,657

$1,540

$850

$1,700

$2,550

$3,400

Median 1 BR Rent

Rent Prices in San Luis Obispo and Surrounding Areas

Rent prices have decreased in San Luis Obispo over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the San Luis Obispo suburbs increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the San Luis Obispo suburbs
Rent decreased in Paso Robles, CA, Grover Beach, CA, Arroyo Grande, CA, Atascadero, CA, Pismo Beach, CA, Morro Bay, CA.
2 suburbs are currently priced higher than the city of San Luis Obispo.
4 suburbs are currently priced lower than the city of San Luis Obispo.

November 2024 Pricing Trends: San Luis Obispo vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

San Luis Obispo, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,211

$3,115

$2,373

$2,354

$2,092

$1,903

$1,338

$1,246

$1,202

$1,400

$2,800

$4,200

$5,600

Median Rent

San Luis Obispo Rent Prices More Affordable Than Major Cities

Rent growth in San Luis Obispo over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, San Luis Obispo average rent prices appear to be relatively affordable for local residents.

The price for a San Luis Obispo one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about San Luis Obispo and surrounding area rent prices, take a look at the complete data set below.

Data set for San Luis Obispo and suburbs

	1 BR November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
San Luis Obispo, CA	$2,092.0	0.53%	$2,654.0	-1.23%
Paso Robles, CA	$1,657.0	-8.45%	$2,201.0	-2.83%
Grover Beach, CA	$1,540.0	0.00%	$2,408.0	-0.62%
Arroyo Grande, CA	$2,100.0	0.00%	$2,423.0	1.09%
Atascadero, CA	$1,893.0	-1.15%	$2,308.0	0.52%
Pismo Beach, CA	$2,550.0	0.00%	$2,651.0	0.68%
Morro Bay, CA	$1,926.0	-1.23%	$2,446.0	0.00%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.