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Cheap Apartments for Rent in San Luis Obispo, CA

266 Rentals
.
  1. Pool - The SLO
    Exceptional Value
    |
    STUDIO
    $1,245+
    1 BED
    $579+
    2 BEDS
    $999+

    The SLO

    1050 Foothill Blvd, San Luis Obispo, CA 93405
    (805) 321-1521
  7. Building Photo - Palomar at SLO
    STUDIO
    $2,310+
    4 BEDS
    $1,795+
    5 BEDS
    $1,720+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,705 - $2,295
    Required Monthly Fees$15
    Total Monthly Price$1,720 - $2,310

    Palomar at SLO

    71 Palomar Ave, San Luis Obispo, CA 93405
    (805) 316-7081
  8. 4 BEDS
    $1,753
    Total Monthly Price Total Monthly Price New
    Base Rent$1,738 - $1,790
    Required Monthly Fees$15
    Total Monthly Price$1,753 - $1,805

    Chorro at SLO

    22 Chorro St, San Luis Obispo, CA 93405
    (805) 316-7316
  18. Building Photo - The Junction
    STUDIO
    $1,975+
    1 BED
    $2,500+

    The Junction

    2120 Santa Barbara Ave, San Luis Obispo, CA 93401
  19. Building Photo - 404 Patricia Dr
    STUDIO, 1 BATH
    $1,980
    Total Monthly Price Total Monthly Price New
    Base Rent$1,980
    Required Monthly FeesNone
    Total Monthly Price$1,980

    404 Patricia Dr Unit Studio

    404 Patricia Dr, San Luis Obispo, CA 93405
    Apply
  22. Building Photo - Harvest Lofts
    STUDIO
    $2,050+
    1 BED
    $2,455+

    Harvest Lofts

    845 Madonna Rd, San Luis Obispo, CA 93405
  25. Building Photo - 247 Broad St
    1 BED, 1 BATH
    $2,395
    Total Monthly Price Total Monthly Price New
    Base Rent$2,395
    Required Monthly FeesNone
    Total Monthly Price$2,395

    247 Broad St

    247 Broad St, San Luis Obispo, CA 93405
    Apply
  30. 2 BEDS
    $2,400

    421 Dana St

    421 Dana St, San Luis Obispo, CA 93401
  32. Building Photo - Connect SLO
    1 BED
    $2,595

    Connect SLO

    3110 Duncan Rd, San Luis Obispo, CA 93401
  35. Building Photo - 680 Chorro St
    2 BEDS, 1 BATH
    $2,600
    Total Monthly Price Total Monthly Price New
    Base Rent$2,600
    Required Monthly FeesNone
    Total Monthly Price$2,600

    680 Chorro St

    680 Chorro St, San Luis Obispo, CA 93401
  41. Building Photo - 55 Stenner St
    2 BEDS, 2 BATHS
    $2,800
    Total Monthly Price Total Monthly Price New
    Base Rent$2,800
    Required Monthly FeesNone
    Total Monthly Price$2,800

    55 Stenner St Unit F

    55 Stenner St, San Luis Obispo, CA 93405
    Apply
  42. Building Photo - 1025 Southwood Dr
    2 BEDS, 2 BATHS
    $2,800
    Total Monthly Price Total Monthly Price New
    Base Rent$2,800
    Required Monthly FeesNone
    Total Monthly Price$2,800

    1025 Southwood Dr Unit Southwood

    1025 Southwood Dr, San Luis Obispo, CA 93401
    Apply
Showing 42 of 139 results, Page 1 of 4

San Luis Obispo at a Glance

Average Rent

$1,942
(All bedrooms and property types)
Learn more about
Average Rent in San Luis Obispo
7

School Rating

out of 10 Rating
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Schools in San Luis Obispo

San Luis Obispo, CA Cheap Apartments for Rent

When looking for cheap apartments in San Luis Obispo, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in San Luis Obispo.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 139 cheap apartments available in San Luis Obispo Apartment Finder is the place to find your next rental.

Renting in San Luis Obispo

Average Rental Rates and Apartment Sizes

Education

GreatSchools Rating
San Luis Obispo High

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Pacific Beach High School

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Laguna Middle

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Bellevue-Santa Fe Charter School

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Teach Elementary

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Bishop's Peak Elementary

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Pacheco Elementary

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Sinsheimer Elementary

Public Elementary School

Public
Grades K-5
Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Apartments for Rent Near San Luis Obispo

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San Luis Obispo Apartments for Rent in Your Budget

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