Apartments for Rent in San Luis Obispo, CA

Prices and availability in San Luis Obispo, CA were last updated on 24 May 2026.

The best apartments in San Luis Obispo, CA are: 572 E Foothill LLC, 1901 Henry LLC, The Slo, Roundhouse Place and Connect.

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 $1,303 and $2,200.

The price range for a 2-bedroom apartment in San Luis Obispo, CA is between $1,303 and $3,600.

The price range for a 3-bedroom apartment in San Luis Obispo, CA is between $1,303 and $7,700.

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.

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.