Apartments for Rent in San Luis Obispo, CA

Prices and availability in San Luis Obispo, CA were last updated on 4 Aug 2026.

The best apartments in San Luis Obispo, CA are: The Slo, 1716 Singletree, Roundhouse Place, Connect and VILLAGE AT BROAD STREET.

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

The price range for a 3-bedroom apartment in San Luis Obispo, CA is between $4,000 and $4,500.

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 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.