San Luis Obispo is home to the historic Mission San Luis Obispo de Tolosa, founded in 1772, and lies halfway between San Francisco and Los Angeles along California's scenic Central Coast. Between the Santa Lucia Mountains and the Pacific Ocean, this college town features a Mediterranean climate, tree-lined streets, and Victorian-era architecture. Those looking for apartments for rent in San Luis Obispo will find a range of options throughout downtown and surrounding neighborhoods, with average rents around $1,908 for a one-bedroom and $2,513 for a two-bedroom apartment.
Renting in San Luis Obispo offers convenient access to downtown's Thursday night Farmers' Market, local shops, and diverse dining options along Higuera Street. The city's extensive bicycle network and SLO Transit bus service make getting around easy, while U.S. Route 101 provides direct freeway access for commuters. Residents enjoy proximity to hiking trails on Bishop Peak and Cerro San Luis, wine tasting in the nearby Edna Valley, and beaches just minutes away in Pismo Beach. The presence of California Polytechnic State University contributes to a lively atmosphere with cultural events, while the downtown area maintains its small-town character with a mix of historic buildings and apartment options.
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
The average rent in San Luis Obispo, CA is $1,951.
The average rent for a studio apartment in San Luis Obispo, CA is $2,157.
The average rent for a 1 bedroom apartment in San Luis Obispo, CA is $1,951.
The average rent for a 2 bedroom apartment in San Luis Obispo, CA is $2,565.
The average rent for a 3 bedroom apartment in San Luis Obispo, CA is $3,379.
The average rent for a 4 bedroom apartment in San Luis Obispo, CA is $4,726.
Submitting Request
Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.