Apartments for Rent in San Luis Obispo, CA

Prices and availability in San Luis Obispo, CA were last updated on 13 Nov 2026.

The best apartments in San Luis Obispo, CA are: Roundhouse Place, Connect, The Slo, The Apartments at Toscano, LP and VILLAGE AT BROAD STREET.

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

The price range for a studio apartment in San Luis Obispo, CA is between $1,845 and $2,400.

The price range for a 1-bedroom apartment in San Luis Obispo, CA is between $859 and $1,986.

The price range for a 2-bedroom apartment in San Luis Obispo, CA is between $859 and $4,000.

The price range for a 3-bedroom apartment in San Luis Obispo, CA is between $993 and $4,750.

In San Luis Obispo, 60% of the residents are renting compared to 40% 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, 63% are small-scale complexes with under 50 units, and 29% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in San Luis Obispo are about 41 years old, on average. Of these, 29% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 97% of the rental communities here are low-rise, garden-style communities, 3% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in San Luis Obispo come in a range of sizes and floorplans. Studio apartments represent 20% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 28% of the total apartments in the city, while 2-bedroom floorplans represent around 33% of all rentals in San Luis Obispo. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.