Homes & Apartments for Rent in 93401

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What to Know About

Life in San Luis Obispo & Beyond

San Luis Obispo shares many of the great qualities that make California a desirable place to live.

California is the most populous state in the United States and is home to some of the world's most iconic cities, such as Los Angeles, San Diego, and San Francisco. It's known for its thriving economy and diverse landscapes, including beaches, deserts, and mountains. Immerse yourself in the state's history and traditions by visiting museums like the California Science Center and the Getty Center or attending worldwide renowned universities like Stanford University and the University of California, Berkeley.

There are also many outdoor recreation opportunities in the state, such as skiing in the Sierra Nevada Mountains, surfing along the Pacific Coast, and hiking in Yosemite National Park. There's something for everyone. Sports fans can enjoy cheering on the San Francisco 49ers (NFL), Los Angeles Kings (NHL), Los Angeles Dodgers (MLB), San Francisco Giants (MLB), Los Angeles Lakers (NBA), or Golden State Warriors (NBA). Also, check out famous attractions like the Golden Gate Bridge, Alcatraz Island, Disneyland, Hollywood, the historic city of San Francisco, and the mecca of Los Angeles.

With its warm and inviting climate, thriving economy, and high quality of life, Embrace the Golden State and discover why California is a great place to live.

Rental Market Trends

San Luis Obispo, CA

As of April 2025, San Luis Obispo's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. San Luis Obispo's average rent is 0.2% ($6) lower than the California average of $2,463 and 36.6% ($658) higher than the U.S. average of $1,799.

Average Rent
$2,457
Monthly ChangeMonth Over Month Change
Decreased7.8% ($208)
Yearly ChangeYear Over Year Change
Decreased10.5% ($289)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,108 Decreased0.1% ($3) Increased0.1% ($2)
2 Beds $2,755 Decreased3.1% ($89) Decreased0.5% ($15)
3 Beds $3,806 Decreased3.6% ($143) Decreased2.6% ($100)
Nearby Cities Average Rent Avg. Rent vs. San Luis ObispoAverage Rent vs. San Luis Obispo Avg. Days on MarketAverage Days on Market
Los Osos $2,935 Increased19.5% ($478) 28 days
Pismo Beach $3,407 Increased38.7% ($950) 26 days
Morro Bay $2,266 Decreased7.8% ($191) 30 days
Grover Beach $2,810 Increased14.4% ($353) 24 days
Atascadero $2,537 Increased3.3% ($80) 26 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
San Luis Obispo Rental Market FAQs

Explore rental prices, market trends, and availability in San Luis Obispo, CA.

The average rent in San Luis Obispo, CA is $2,457 per month.
Homes in San Luis Obispo typically rent for between $1,476 and $4,948 per month, with an average of $2,457 per month.
In San Luis Obispo, the average rent for a 1-bedroom home is $2,108 per month, for a 2-bedroom home, $2,755 per month, and a 3-bedroom home is $3,806 per month.
The average rent in San Luis Obispo is 36.6% ($658) higher than the national average of $1,799 per month.
The average rent in San Luis Obispo has decreased by 7.8% ($208) in the last month and decreased by 10.5% ($289) over the past year.
The rental market in San Luis Obispo, CA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In San Luis Obispo, CA, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 164 rental properties available in San Luis Obispo, CA.
Based on the current averages, a household would need an annual income of $110,200 to comfortably afford a 2-bedroom home in San Luis Obispo.
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