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Cheap Condos for Rent in San Luis Obispo, CA

159 Rentals
  1. Building Photo - Harvest Lofts
    STUDIO
    $2,050+
    1 BED
    $2,455+

    Harvest Lofts

    845 Madonna Rd, San Luis Obispo, CA 93405
  2. Building Photo - Roundhouse Place
    STUDIO
    $2,073+
    2 BEDS
    $2,995+

    Roundhouse Place

    2220-2224 Emily St, San Luis Obispo, CA 93401
  3. Building Photo - Connect SLO
    STUDIO
    $2,095+
    1 BED
    $2,595+

    Connect SLO

    3110 Duncan Rd, San Luis Obispo, CA 93401
  4. Building Photo - The Junction
    STUDIO
    $2,100+
    1 BED
    $2,650+

    The Junction

    2120 Santa Barbara Ave, San Luis Obispo, CA 93401
  5. Building Photo - 421 Dana St
    2 BEDS
    $2,400

    421 Dana St

    421 Dana St, San Luis Obispo, CA 93401

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San Luis Obispo at a Glance

Average Rent

$1,927
(All bedrooms and property types)
Learn more about
Average Rent in San Luis Obispo
8

School Rating

out of 10 Rating
Learn more about
Schools in San Luis Obispo
27

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in San Luis Obispo
77

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in San Luis Obispo

San Luis Obispo, CA Cheap Condos for Rent

Find cheap condos for rent in San Luis Obispo with Apartment Finder. Whether you're looking for a two-bedroom condo or something more spacious with three-four beds, you want the best place at the right price. We have a great selection of budget-friendly condos for rent, and we'll show you which rentals offer the best value in San Luis Obispo.

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

Affordability doesn't have to equal sacrifice. While being flexible is important, you might not have to give up as much as you think. You can find a cheap condo for rent, complete with must-have amenities such as paid utilities and a garage. 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 40 cheap condos 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

Getting Around San Luis Obispo

Transportation

67

Somewhat Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
77

Very Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
27

Some Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Score

Education

Public University
GreatSchools Rating

Public High School

Public
Grades 9-12
1,644 Students
GreatSchools Rating

Public Middle School

Public
Grades 7-8
789 Students
GreatSchools Rating

Public Elementary School

Public
Grades 4-6
167 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-6
482 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-6
465 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-6
371 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-6
450 Students

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

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