Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
San Luis Obispo, CA Rental Market Trends
What is the average rent in San Luis Obispo?
The average rent for an apartment in San Luis Obispo is $2,111, a 3% decrease compared to the previous year, when the average rent was $2,165.
Average Rent in San Luis Obispo, CA
Last updated May 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,111 | -3% | 774 sq. ft. |
What is the average apartment size in San Luis Obispo?
The average size for a San Luis Obispo, CA apartment is 774 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-$1,50035%
- $1,501-$2,00021%
- > $2,00044%
San Luis Obispo, CA Occupied Housing Units
- Renter-occupied Households60%
- Owner-occupied Households39%
11,488 or 60% of the households in San Luis Obispo, CA are renter-occupied while 7,507 or 39% are owner-occupied.
San Luis Obispo, CA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| San Luis Obispo, CA | $2,080 | $2,080 | $2,081 | $2,138 | $2,181 | $2,177 | $2,165 | $2,064 | $2,026 | $2,111 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
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How San Luis Obispo Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,368 | -4% |
| San Francisco | $2,879 | -20% |
| East Bay | $2,273 | -4% |
| San Diego | $2,237 | 1% |
| Oakland | $2,661 | -9% |
| Ventura | $2,256 | 6% |
| Santa Maria | $1,820 | 11% |
| Santa Barbara | $2,191 | 4% |
| Bakersfield | $1,138 | 7% |
| Goleta | $2,281 | 1% |
| San Luis Obispo | $2,111 | -3% |
Most Popular Apartments in San Luis Obispo
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all San Luis Obispo apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.