San Luis Obispo, CA Rental Market Trends
Highlights
The average rent for an apartment in San Luis Obispo is $2,177, a 5% increase compared to the previous year, when the average rent was $2,081.
Average Rent in San Luis Obispo, CA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,177 | 5% | 785 sq. ft. |
The average size for a San Luis Obispo, CA apartment is 785 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
San Luis Obispo, CA Apartment Rent Ranges
- $1,001-$1,50039%
- $1,501-$2,00014%
- > $2,00047%
San Luis Obispo, CA Occupied Housing Units
- Renter-occupied Households59%
- Owner-occupied Households40%
11,077 or 59% of the households in San Luis Obispo, CA are renter-occupied while 7,651 or 40% are owner-occupied.
San Luis Obispo, CA Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| San Luis Obispo, CA | $1,832 | $1,861 | $1,902 | $2,080 | $2,080 | $2,081 | $2,138 | $2,181 | $2,177 |
| National | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,474 |
How San Luis Obispo Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,546 | 4% |
| San Francisco | $3,688 | 2% |
| San Diego | $2,223 | 2% |
| Long Beach | $2,124 | 6% |
| Sacramento | $1,442 | 5% |
| San Luis Obispo | $2,177 | 5% |
| Arroyo Grande | $1,225 | 10% |
| Arroyo Grande City | $1,225 | 10% |
| Orcutt | $1,990 | 12% |
For more information about the San Luis Obispo rental trends, check out our monthly rent report
Check out California Cities, California Neighborhoods and California Zip Codes for more details on verified listings, including the California Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!