Apartments for Rent in San Luis Obispo, CA

Prices and availability in San Luis Obispo, CA were last updated on 12 May 2026.

The best apartments in San Luis Obispo, CA are: VILLAGE AT BROAD STREET, Connect, The Slo, Roundhouse Place and 572 E Foothill LLC.

The average rent in San Luis Obispo, CA is $2,949.

The price range for a 1-bedroom apartment in San Luis Obispo, CA is between $1,350 and $2,753.

The price range for a 2-bedroom apartment in San Luis Obispo, CA is between $2,200 and $3,600.

The price range for a 3-bedroom apartment in San Luis Obispo, CA is between $2,753 and $7,700.

In San Luis Obispo, 61% of the residents are renting compared to 39% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 6% of San Luis Obispo's rentals, 65% are small-scale complexes with under 50 units, and 28% are single-family rentals.

The average age of rental buildings in San Luis Obispo is 41 years old, with 29% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 97% are garden-style apartment communities, 3% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in San Luis Obispo are around 20% of rentals, while 1-bedroom floor plans represent 28% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 33% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.