Apartments for Rent in San Luis Obispo, CA

Prices and availability in San Luis Obispo, CA were last updated on 20 Aug 2026.

The best apartments in San Luis Obispo, CA are: The Slo, Connect, Roundhouse Place, VILLAGE AT BROAD STREET and 863 Toro.

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

The price range for a 2-bedroom apartment in San Luis Obispo, CA is between $2,900 and $3,800.

The price range for a 3-bedroom apartment in San Luis Obispo, CA is between $3,975 and $4,500.

In San Luis Obispo 60% of the housing is rented out compared to 40% of homes are owned, according to the most recent Census Bureau estimates. 6% of San Luis Obispo's apartments are found in large buildings of 50 units or more, 63% are located in smaller apartment complexes with less than 50 units, and 29% 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.