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Cheap Apartments for Rent in San Luis Obispo, CA - 3 Rentals available

Apartments Under $1,600


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Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

San Luis Obispo, CA Demographics

  • Total Population47,160
  • Female 24,058
    Male 23,102
  • Median Age26.2

Average Rent in San Luis Obispo, CA

  • San Luis Obispo, CA Average Rental Price, February 2020 $2,165 /mo

San Luis Obispo, CA Apartment Rent Ranges

  • $1,001-$1,50032%
  • $1,501-$2,00019%
  • > $2,00049%

San Luis Obispo, CA Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
San Luis Obispo, CA $1,832 $1,861 $1,902 $2,080 $2,080 $2,081 $2,138 $2,181 $2,177 $2,165
National $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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San Luis Obispo, CA Households

  • Total Number of Households18,708
  • Family 7,526
    Non-family 11,182
  • Children 3,260
    No Children 15,448
  • Average People Per Household2.45
  • Median Household Income$52,740
  • Median Housing Costs Per Month$1,477

San Luis Obispo, CA Education Statistics

  • No High School3%
  • Some High School20%
  • Some College24%
  • Associate Degree10%
  • Bachelor Degree28%
  • Graduate Degree16%

Looking for a cheap apartment for rent in San Luis Obispo, CA? With RENTCafé, finding an affordable apartment in San Luis Obispo, CA has never been easier. We feature 4 low-priced rentals directly from property managers, with rents lower than the San Luis Obispo, CA average. What is a cheap rent in San Luis Obispo, CA? The average apartment rent in San Luis Obispo is $2,165 per month so any rental south of $1,732 would be considered cheap here. On RENTCafé, San Luis Obispo, CA rents go as low as $1,500/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!