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Apartments in San Luis Obispo

121 - 124 of 124 Results
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$6,500
Spacious 5-bedroom Custom-home By Cal Poly With 2-car Garage
223 Rosita St San Luis Obispo, CA
5 BR | Available Now
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House
0
$3,900
Available Now - Spacious Condo With Bonus Room In Slo - 3 Bed / 2 Bath
1272 Laguna Ln San Luis Obispo, CA
3 BR | Available Now
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House
0
$2,500
3350-3392 Rockview
San Luis Obispo, CA
1 BR | Available Now
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0
$2,800
Charming Railroad District 2-bedroom With Balcony And 1-car Garage
1721 Santa Rosa St San Luis Obispo, CA
2 BR | Available Now
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121 - 124 of 124 Results
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How much does it cost to rent an apartment in San Luis Obispo?

San Luis Obispo Apartments
Bed Type Average Rent Range
Studio $1,700 $870 - $2,250
1BR $2,000 $1,420 - $2,910
2BR $2,850 $2,080 - $3,840
3BR $3,900 $3,010 - $5,680
4+BR $3,590 $730 - $7,500
Frequently Asked Questions

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

Rentable.co has over 2,180 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 studio apartment 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 one-bedroom apartment 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 two-bedroom apartment in San Luis Obispo is around $2,850 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 $2,850 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 studio apartment you would need an annual household income of $68,000 to live comfortably.

Find a San Luis Obispo Apartment

San Luis Obispo is one of the older cities in the entire state of California. Missionaries first settled the city of roughly 45,000 people in the 18th century. By the mid 1800s, it had blossomed into a modern town. The city is situated in a very rugged landscape, marked notably by the Nine Sisters hills. San Luis Obispo is on a very geographically active location, as the Nine Sister are actually volcanic plugs. There are also several nearby fault lines, including the infamous San Andreas.

The largest employer in San Luis Obispo is the California Polytechnic State University. The school employs roughly 2,700 people in the region. The university registers more than 20,000 students annually.

When to Search

When you're on the lookout for an apartment in San Luis Obispo, March is the best time to start looking. From March, the hunting should be good all the way through until August. Then, the availability of markets will start to tighten up throughout the winter, so it is best to get your apartment found earlier, rather than later.

Staying in the Know

Finding an apartment in San Luis Obispo doesn't have to be difficult. Start by reaching out to multiple landlords simultaneously, because it doesn't pay to put all your eggs in one basket. Then, make appointments to view apartments and meet the landlords and be sure to show up on time and conduct yourself professionally during the viewings. Finally, complete your applications accurately and truthfully, and you'll have an apartment before you know it.

Life in San Luis Obispo

Transportation

This is one of the rare cities in California where having a car isn't really necessary. The public transportation system operated by city provides fairly adequate coverage, and runs until 10 PM on weekdays. For those who prefer to travel by bike, the city takes good care of the comprehensive system of bike lanes.

Where to play

Visiting the Mission San Luis Obispo de Tolosa is a good way to get a taste of the missionary life that was so important during the years in which California was originally settled. Exploring the Nine Sisters is thrilling for those who enjoy outdoor activities, and many of the peaks have public trails. Heading out to the Edna Valley is a must for those who enjoy wine tours and tastings.

Search Cities Near San Luis Obispo, CA

Shell Beach, CA
Pismo Beach, CA
Los Osos, CA
Grover Beach, CA
Morro Bay, CA
Arroyo Grande, CA
Atascadero, CA
Templeton, CA
Nipomo, CA
Guadalupe, CA
Paso Robles, CA

Campuses Nearby

California Polytechnic State University-San Luis Obispo
Cuesta College

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
$0
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
$0
$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
$0
$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.

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