Apartments for Rent in San Luis Obispo, CA

Prices and availability in San Luis Obispo, CA were last updated on 30 Sep 2026.

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

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 $2,000 and $3,600.

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

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.