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San Luis Obispo, CA Homes for Rent

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  • /64

    Starting at $599 Per Month

    • 1 Bed

    1050 E Foothill Blvd, San Luis Obispo, CA 93405

    Student Living Made Easy at The SLO Apartments! Whether you're currently enrolled or planning to attend Cal Poly SLO or Cuesta College, finding the perfect student housing is simple at The SLO! Just a short walk from Cal Poly’s campus and a quick drive to Cuesta, our community offers unbeatable convenience, comfort, and style. We offer modern amenities, fully furnished rooms, and a variety of

    The SLO Student Living Apartments

    1050 E Foothill Blvd, San Luis Obispo, CA 93405
  • /50

    Starting at $1,099 Per Month

    • Studio - 1 Bed

    564 Higuera St, San Luis Obispo, CA 93401

    Welcome to Artisan Apartments — where luxury living meets downtown charm. Enjoy modern amenities like stainless steel appliances, HVAC, and in-unit laundry, all in the heart of San Luis Obispo. Take in stunning downtown and mountain views from your private balcony, and step out your back door into the Creamery Marketplace for coffee, cocktails, and more. With on-site parking, a community backyard

    Artisan Apartments

    564 Higuera St, San Luis Obispo, CA 93401
  • /45

    Starting at $2,795 Per Month

    • Studio - 2 Beds

    3554 Ranch House Rd, San Luis Obispo, CA 93401

    Tastefully modern and true to San Luis Obispo, Vintage at SLO is designed with you in mind. Situated in close proximity to local entertainment and recreation in the heart of San Luis Obispo, Vintage at SLO is the perfect apartment home for those seeking luxury living without sacrificing convenience. Located just 2 miles southeast of downtown San Luis Obispo, Vintage at SLO offers all the fun of

    Vintage at SLO

    3554 Ranch House Rd, San Luis Obispo, CA 93401
  • /35

    Starting at $1,670 Per Month

    • 4 - 5 Beds

    71 Palomar Ave, San Luis Obispo, CA 93405

    Welcome to Palomar at SLO, a beautiful way to enjoy stylish Cal Poly off-campus housing! This exciting new apartment community features all the comforts and luxury you need to make the most of your educational experience. Each of our lovingly designed studio, 4, or 5-bedroom modern garden-style apartments come fully-furnished and fully loaded with unbelievable amenities and perks, from in-unit

    Palomar at SLO

    71 Palomar Ave, San Luis Obispo, CA 93405
  • /41

    Starting at $2,425 Per Month

    • 1 - 2 Beds

    1704 Tonini Dr, San Luis Obispo, CA 93405

    Welcome to de Tolosa Ranch Apartment Community!HOME FEATURES:Fully-Equipped KitchensCeiling Fans2" Mini-BlindsSpacious ClosetsLarge Patios or BalconiesMicrowaves, DishwashersRefrigerators (some with Ice Makers) Washer/Dryer Connections (one and two bedroom homes)Linen ClosetsCable ReadyMultiple

    de Tolosa Ranch Apartments

    1704 Tonini Dr, San Luis Obispo, CA 93405
  • /5

    Starting at $1,500 Per Month

    • Studio

    849 Higuera St Unit 340, San Luis Obispo, CA 93401

    Live in the heart of downtown San Luis Obispo at 849 Higuera Street! These charming studio apartments are located in a quiet, historic building just steps from restaurants, shopping, and the SLO Farmers Market. Enjoy the convenience of on-site laundry and flexible month-to-month leasing. Ideal for anyone looking for walkable, low-maintenance living in one of SLO’s most desirable locations.

    Wineman

    849 Higuera St Unit 340, San Luis Obispo, CA 93401
  • /37

    Starting at $3,450 Per Month

    • 2 - 3 Beds

    791 Orcutt Rd, San Luis Obispo, CA 93401

    Welcome to Twin Creeks Apartments! IN HOME:Brand New Community Spring & Summer 2021 CompletionSpacious layouts (select homes with vaulted ceilings)Gourmet Kitchen with Stainless Steel Appliances Refrigerator, Gas Range & Oven, Dishwasher, Built-In MicrowaveQuartz Countertops and white custom cabinetry and fixtures (select homes Kitchen Island with cabinet

    Twin Creeks

    791 Orcutt Rd, San Luis Obispo, CA 93401
  • /38

    Starting at $2,050 Per Month

    • 1 - 3 Beds

    11343 Los Osos Valley Rd, San Luis Obispo, CA 93405

    Find your new home in a garden setting at Irish Hills Hamlet in San Luis Obispo, CA. Make a visit to see the available floorplan options. Here at this community, the professional leasing staff is available to assist you in finding your perfect fit. You'll experience a unique variety of features and amenities at this community like storage, community garden, pool, and convenient on-site parking

    Irish Hills Hamlet Apartments

    11343 Los Osos Valley Rd, San Luis Obispo, CA 93405
  • /26

    Starting at $1,675 Per Month

    • 2 Beds

    1121 Montalban St, San Luis Obispo, CA 93405

    Welcome to Montalban Student Housing!San Luis Obispo’s newest student living community. We’re excited to begin leasing our single and double-occupancy apartments and look forward to welcoming our next group of residents.Montalban offers an ideal location—just a 15-minute walk (0.8 miles) to Cal Poly and a quick 10-minute drive to Cuesta College. Residents also enjoy convenient access

    Montalban

    1121 Montalban St, San Luis Obispo, CA 93405
  • /22

    Starting at $2,350 Per Month

    • Studio

    2120 Santa Barbara Ave, San Luis Obispo, CA 93401

    The Junction is the newest addition to the San Luis Obispo skylineIntroducing a distinctive personality and inspired vision to the heart of downtown SLO through its iconic sawtooth roof design. Our 69-unit apartment community features unique and highly-amenitized common spaces purpose-built to enhance and contribute to the social and playful lifestyle of SLO.Property includes

    The Junction (2120 Santa Barbara Ave)

    2120 Santa Barbara Ave, San Luis Obispo, CA 93401
  • /20

    Starting at $1,653 Per Month

    • 4 Beds

    22 Chorro St, San Luis Obispo, CA 93405

    Meet Chorro at SLO, a totally new take on student living in San Luis Obispo, steps away from the Cal Poly campus. Modern architecture, urban style, green initiatives for healthy people and a happy planet. Enjoy internet speeds up to 1GBPS (1 gigabite per second), take in the views from our rooftop terrace or your own private balcony. Everything you need to study hard and live well is at Chorro at

    Chorro at SLO

    22 Chorro St, San Luis Obispo, CA 93405
  • /20

    Starting at $1,150 Per Month

    • Studio - 4 Beds

    1 Mustang Dr, San Luis Obispo, CA 93405

    Mustang Village is more than just a place to store your stuff; it's a community designed with you in mind, a social and academic crossroads, a center where your day begins and ends. Our spacious apartments are filled with unique features intended to ensure that our residents are comfortable. The fully furnished apartments, on-site community park, and planned activities will help you feel so much

    Mustang I Townhome

    1 Mustang Dr, San Luis Obispo, CA 93405
  • /20

    Starting at $1,000 Per Month

    • 3 - 4 Beds

    555 Ramona Dr, San Luis Obispo, CA 93405

    Are you a current or Future Student at Cal Poly or Cuesta College San Luis Obispo? Do you still need to secure housing for Fall 2025? Valencia Apartments can help you find the right unit for your housing needs! Valencia Apartments is an off-campus housing complex that caters to the Cal Poly and Cuesta Student community. We can match you with roommates if you are coming in as a single

    Valencia Apartments

    555 Ramona Dr, San Luis Obispo, CA 93405
  • /14

    $1,400 Per Month

    • 2 Beds
    • 2 Baths
    • 1,025 Sq Ft
    • Condo for Rent

    45 Stenner St Unit H, San Luis Obispo, CA 93405

    Property Id: 2173380 To optimize occupancy and rental income, this apartment is set up for one or two roommates per bedroom. The gas stove, refrigerator, and dishwasher are included in the sale, and occupants may enjoy the private balcony on the second level and the fully equipped kitchen with a window that lets in natural light. Time is saved by avoiding excursions to the laundry room

    45 Stenner St Unit H, San Luis Obispo, CA 93405
  • /19

    $4,300 Per Month

    • 3 Beds
    • 3.5 Baths
    • 1,346 Sq Ft
    • Condo for Rent

    905 Madonna Rd Unit 71, San Luis Obispo, CA 93405

    Approx. $1,075 per bed when leased by 4 roommates. Modern 3-bedroom, 3.5-bath furnished townhome in Fig Townhomes at San Luis Ranch offering 1,346 sq. ft. of stylish, low-maintenance living. Features include an open-concept floor plan, stainless steel appliances, in-unit laundry, covered deck, attached 2-car garage, solar power, and private bathrooms for each bedroom. Community amenities

    905 Madonna Rd Unit 71, San Luis Obispo, CA 93405
  • /3

    $3,950 Per Month

    • 3 Beds
    • 2 Baths
    • 1,350 Sq Ft
    • House for Rent

    1185 Atascadero St, San Luis Obispo, CA 93405

    Welcome to 1185 Atascadero Street, a well-maintained 3-bedroom, 2-bathroom single-family home located in a desirable San Luis Obispo neighborhood. This thoughtfully designed residence offers a functional single-level floor plan with comfortable living spaces, abundant natural light, and quality finishes throughout.The spacious living room features a cozy fireplace and flows seamlessly

    1185 Atascadero St, San Luis Obispo, CA 93405
  • /19

    $4,300 Per Month

    • 3 Beds
    • 3.5 Baths
    • 1,346 Sq Ft
    • Condo for Rent

    905 Madonna Rd Unit 71, San Luis Obispo, CA 93405

    Approx. $1,075 per bed when leased by 4 roommates. Modern 3-bedroom, 3.5-bath furnished townhome in Fig Townhomes at San Luis Ranch offering 1,346 sq. ft. of stylish, low-maintenance living. Features include an open-concept floor plan, stainless steel appliances, in-unit laundry, covered deck, attached 2-car garage, solar power, and private bathrooms for each bedroom. Community amenities

    905 Madonna Rd Unit 71, San Luis Obispo, CA 93405
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    $4,500 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,500 Sq Ft
    • Condo for Rent

    1239 E Foothill Blvd Unit 104, San Luis Obispo, CA 93405

    Prime Cal Poly Condo- 1 Block from Campus Center!Live steps from the heart of Cal Poly in this bright, freshly upgraded 3-bedroom, 2 1/2-bath, 1,500 sq ft condo.Highlights:* Just one block from the center of Cal Poly campus* Spacious 1,500 sq ft layout* 3 bedrooms, 2 1/2 bathrooms* Brand-new stainless steel appliances* Completely updated bathroom fixtures* 2

    1239 E Foothill Blvd Unit 104, San Luis Obispo, CA 93405
  • /14

    $1,400 Per Month

    • 2 Beds
    • 2 Baths
    • 1,025 Sq Ft
    • Condo for Rent

    45 Stenner St Unit H, San Luis Obispo, CA 93405

    Property Id: 2173380 To optimize occupancy and rental income, this apartment is set up for one or two roommates per bedroom. The gas stove, refrigerator, and dishwasher are included in the sale, and occupants may enjoy the private balcony on the second level and the fully equipped kitchen with a window that lets in natural light. Time is saved by avoiding excursions to the laundry room

    45 Stenner St Unit H, San Luis Obispo, CA 93405
  • /13

    $4,500 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,500 Sq Ft
    • Condo for Rent

    1239 E Foothill Blvd Unit 104, San Luis Obispo, CA 93405

    Prime Cal Poly Condo- 1 Block from Campus Center!Live steps from the heart of Cal Poly in this bright, freshly upgraded 3-bedroom, 2 1/2-bath, 1,500 sq ft condo.Highlights:* Just one block from the center of Cal Poly campus* Spacious 1,500 sq ft layout* 3 bedrooms, 2 1/2 bathrooms* Brand-new stainless steel appliances* Completely updated bathroom fixtures* 2

    1239 E Foothill Blvd Unit 104, San Luis Obispo, CA 93405
  • /20

    $3,000 Per Month

    • 2 Beds
    • 1 Bath
    • 880 Sq Ft
    • House for Rent

    1821 Sola Ct, San Luis Obispo, CA 93405

    Property Id: 2819786 We welcome you to this beautiful newly built 2 story ADU, located at the end of a quiet cul-de-sac in San Luis Obispo. It's a peaceful setting with beautiful views and a nice sense of privacy, while still being close to community amenities. SLO Ranch Market, Target, Costco, Laguna Lake, Irish Hills Trails, the Madonna Inn, restaurants, parks, and more are all

    1821 Sola Ct, San Luis Obispo, CA 93405
  • /20

    $4,800 Per Month

    • 5 Beds
    • 2 Baths
    • 2,374 Sq Ft
    • House for Rent

    399 Jaycee Dr, San Luis Obispo, CA 93405

    1 Mile from Cal Poly!Approximately $960 per bedroom with a full-house lease (based on 5 occupants).Spacious 5-bedroom, 2-bath contemporary home featuring an open-concept floor plan, soaring vaulted ceilings, and abundant natural light. The expansive kitchen offers generous cabinet storage and flows into a warm dining area and bright enclosed sunroom. Enjoy a large living room,

    399 Jaycee Dr, San Luis Obispo, CA 93405
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    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    1San Ca-1, San Luis Obispo, CA 93401

    Property Id: 2486612 Furnished Room Available in my 3-Bedroom (2-story) occupied home, by YMCA (SLO). // Safe, quiet area. // Looking for a quiet, responsible and respectful adult individual to fill a third furnished bedroom in my home. With NO pets.// This is close to the YMCA, Sinshiemer pool and park area. Located close to Laurel Lane, a coffee house, and Mexican restaurant. // All common

    1San Ca-1, San Luis Obispo, CA 93401
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    $3,100

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 966 Sq Ft
    • Condo for Rent

    1029 Southwood Dr Unit Parkwood Village 1029 G, San Luis Obispo, CA 93401

    1029 Southwood Dr Unit Parkwood Village 1029 G, San Luis Obispo, CA 93401
  • /19

    $3,500

    Total Monthly Price

    • 2 Beds
    • 2.5 Baths
    • 1,538 Sq Ft
    • Townhouse for Rent

    1207 Manzanita Way, San Luis Obispo, CA 93401

    Rare short-term, fully furnished townhouse with multiple amenities in desirable Islay Hill neighborhood available for rent at only $3,500/month. This is a 1 month lease, available only Nov 11- Dec 11, 2026.Amenities include:*2 bedrooms (large master with Cal King + full bath/guest room with queen bed + full bath)*2 1/2 bathrooms*Open floor plan with Bamboo

    1207 Manzanita Way, San Luis Obispo, CA 93401
  • /7

    $2,375

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 450 Sq Ft
    • Condo for Rent

    392 Santa Maria Ave Unit A, San Luis Obispo, CA 93405

    Be the very first to live in this brand-new, beautifully designed 450 sq. ft. 1-bedroom ADU in the Monterey Heights neighborhood. Located directly below our main house, this modern apartment is nestled in a serene, picturesque setting. It offers the perfect blend of peaceful living and ultimate convenience, situated just minutes away from the Cal Poly campus.Inside, you will find a fully

    392 Santa Maria Ave Unit A, San Luis Obispo, CA 93405
  • /20

    $4,300

    Total Monthly Price

    • 3 Beds
    • 3.5 Baths
    • 1,862 Sq Ft
    • Condo for Rent

    869 Coriander Ln Unit 869 Coriander Ln., San Luis Obispo, CA 93401

    Well maintained 3 bedroom, 3.5 bathroom condo offers approximately 1,862 square feet of living space and a modern layout filled with natural light. The first floor features a tiled entry plus a bedroom, full bathroom and walk-in closet along with easy access to the attached, over-sized two-car garage. The second floor serves as the main living area with a living room, kitchen, dining nook plus

    869 Coriander Ln Unit 869 Coriander Ln., San Luis Obispo, CA 93401
  • /19

    $1,500 - $2,200

    Total Monthly Price

    • 1 - 2 Beds
    • 1 Bath
    • 115 Sq Ft
    • Townhouse for Rent

    3051 Augusta St, San Luis Obispo, CA 93401

    We have a Townhome 3 Bed/2.5 Bath fully Remodeled and furnished with all utilities, amenities and smart home features included in the rental: 3 Bedrooms are Available September 1st'2026- August 31st 2027 for 12 months or 24 or 36 months Master Bedroom with attached bath at $2200/month (can be shared by 2 renters) 1 Bedroom exclusive for 1 renter with a shared bath and

    3051 Augusta St, San Luis Obispo, CA 93401
  • /28

    $3,500

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 1,200 Sq Ft
    • Condo for Rent

    680 Morro St Unit B, San Luis Obispo, CA 93401

    680 Morro Street – Fully Renovated Downtown SLO LivingWelcome to 680 Morro Street, a thoughtfully redesigned multi-unit property in the heart of downtown San Luis Obispo. Each residence has been completely remodeled from top to bottom, offering a cohesive blend of modern design, high-end finishes, and functional living in one of SLO’s most desirable locations.The property features

    680 Morro St Unit B, San Luis Obispo, CA 93401
  • /20

    $4,300

    Total Monthly Price

    • 3 Beds
    • 3.5 Baths
    • 1,862 Sq Ft
    • Condo for Rent

    869 Coriander Ln Unit 869 Coriander Ln., San Luis Obispo, CA 93401

    Well maintained 3 bedroom, 3.5 bathroom condo offers approximately 1,862 square feet of living space and a modern layout filled with natural light. The first floor features a tiled entry plus a bedroom, full bathroom and walk-in closet along with easy access to the attached, over-sized two-car garage. The second floor serves as the main living area with a living room, kitchen, dining nook plus

    869 Coriander Ln Unit 869 Coriander Ln., San Luis Obispo, CA 93401
  • /7

    $2,375

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 450 Sq Ft
    • Condo for Rent

    392 Santa Maria Ave Unit A, San Luis Obispo, CA 93405

    Be the very first to live in this brand-new, beautifully designed 450 sq. ft. 1-bedroom ADU in the Monterey Heights neighborhood. Located directly below our main house, this modern apartment is nestled in a serene, picturesque setting. It offers the perfect blend of peaceful living and ultimate convenience, situated just minutes away from the Cal Poly campus.Inside, you will find a fully

    392 Santa Maria Ave Unit A, San Luis Obispo, CA 93405
  • /28

    $3,500

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 1,200 Sq Ft
    • Condo for Rent

    680 Morro St Unit B, San Luis Obispo, CA 93401

    680 Morro Street – Fully Renovated Downtown SLO LivingWelcome to 680 Morro Street, a thoughtfully redesigned multi-unit property in the heart of downtown San Luis Obispo. Each residence has been completely remodeled from top to bottom, offering a cohesive blend of modern design, high-end finishes, and functional living in one of SLO’s most desirable locations.The property features

    680 Morro St Unit B, San Luis Obispo, CA 93401
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    $1,500 - $2,200

    Total Monthly Price

    • 1 - 2 Beds
    • 1 Bath
    • 115 Sq Ft
    • Townhouse for Rent

    3051 Augusta St, San Luis Obispo, CA 93401

    We have a Townhome 3 Bed/2.5 Bath fully Remodeled and furnished with all utilities, amenities and smart home features included in the rental: 3 Bedrooms are Available September 1st'2026- August 31st 2027 for 12 months or 24 or 36 months Master Bedroom with attached bath at $2200/month (can be shared by 2 renters) 1 Bedroom exclusive for 1 renter with a shared bath and

    3051 Augusta St, San Luis Obispo, CA 93401
  • /19

    $1,500 - $2,200

    Total Monthly Price

    • 1 - 2 Beds
    • 1 Bath
    • 115 Sq Ft
    • Townhouse for Rent

    3051 Augusta St, San Luis Obispo, CA 93401

    We have a Townhome 3 Bed/2.5 Bath fully Remodeled and furnished with all utilities, amenities and smart home features included in the rental: 3 Bedrooms are Available September 1st'2026- August 31st 2027 for 12 months or 24 or 36 months Master Bedroom with attached bath at $2200/month (can be shared by 2 renters) 1 Bedroom exclusive for 1 renter with a shared bath and

    3051 Augusta St, San Luis Obispo, CA 93401
  • /20

    $5,500

    Total Monthly Price

    • 5 Beds
    • 2.5 Baths
    • 2,000 Sq Ft
    • House for Rent

    550 Highland Dr, San Luis Obispo, CA 93405

    Fantastic location don't miss this opportunity!This spacious 4 bedroom, 2.5 bath home is ideally situated close to campus and offers generous room sizes, a large light filled living room, and a highly functional layout perfect for shared living. There is bonus room that can be used as an office or 5th bedroom. The home includes two refrigerators, dishwasher, abundant cabinet space,

    550 Highland Dr, San Luis Obispo, CA 93405
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    $3,600

    Total Monthly Price

    • 3 Beds
    • 3 Baths
    • 1,300 Sq Ft
    • House for Rent

    3051 Augusta St, San Luis Obispo, CA 93401

    Welcome to your new home in beautiful San Luis Obispo! This charming 3-bedroom, 3-bathroom condo offers spacious living in a desirable location near Sinsheimer Park off Augusta St. Enjoy the convenience of modern amenities combined with the comfort of a well-maintained property.Home includes three generously sized bedrooms with ample closet space. Master bedroom has a walk in closet. Home

    3051 Augusta St, San Luis Obispo, CA 93401
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    $3,100

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 966 Sq Ft
    • Condo for Rent

    1029 Southwood Dr Unit Parkwood Village 1029 G, San Luis Obispo, CA 93401

    1029 Southwood Dr Unit Parkwood Village 1029 G, San Luis Obispo, CA 93401
  • /25

    $5,000

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,138 Sq Ft
    • House for Rent

    1327 Tanglewood Dr, San Luis Obispo, CA 93401

    Nicely renovated 3Bed, 2Bath single level home in an established neighborhood. This home offers a large driveway, attached 2-car garage and BIG backyard. The common space is fresh and modern and hasn't yet been lived in since renovation. A charming living room greets you upon entering the house, with an open floorplan between kitchen, dining room and living room. There is a large center island in

    1327 Tanglewood Dr, San Luis Obispo, CA 93401
  • /2

    $4,500

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,650 Sq Ft
    • House for Rent

    5775 Balm Ridge Way, San Luis Obispo, CA 93401

    Custom, furnished, executive home in gated development. Ten minutes to Avila Beach and downtown SLO. San Luis Bay Rd. off the 101. 1.69 acre lot. Only 24 homes in a 550 acre development. Like living in a park. Hard word floors in living areas. Marble baths. Walk-in shower and jacuzzi tub. Oversized garage. Washer/dryer. Reverse osmosis water filtration. Owner lives in primary residence next door.

    5775 Balm Ridge Way, San Luis Obispo, CA 93401
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    $1,500 - $2,200

    Total Monthly Price

    • 1 - 2 Beds
    • 1 Bath
    • 115 Sq Ft
    • Townhouse for Rent

    3051 Augusta St, San Luis Obispo, CA 93401

    We have a Townhome 3 Bed/2.5 Bath fully Remodeled and furnished with all utilities, amenities and smart home features included in the rental: 3 Bedrooms are Available September 1st'2026- August 31st 2027 for 12 months or 24 or 36 months Master Bedroom with attached bath at $2200/month (can be shared by 2 renters) 1 Bedroom exclusive for 1 renter with a shared bath and

    3051 Augusta St, San Luis Obispo, CA 93401

Showing Results 1 - 40, Page 1 of 4

Why Live in San Luis Obispo

Downtown San Luis Obispo captivates residents with its historic Mission San Luis Obispo de Tolosa, founded in 1772, alongside unique shops and art galleries. The famous Thursday Night Farmers' Market transforms Higuera Street into a lively gathering spot with local produce, live music, and entertainment. Outdoor recreation surrounds the city with over 50 miles of hiking trails, including Bishop Peak and Islay Hill, which provide panoramic views. The Edna Valley wine region sits just minutes from downtown, while beaches like Avila and Pismo are within a 15-minute drive.

The San Luis Obispo housing market currently lists 100 homes for sale, ranging from $565,000 to $4,988,000. The median sale price stands at $1,059,000 citywide. Single-family homes command a median price of $1,250,000, with notable variations by neighborhood. Downtown San Luis Obispo leads with a median of $1,445,000 for single-family homes, while the Madonna area presents more affordable options at $899,000. Townhomes show a median price of $910,000, while condos range from $499,000 for one bedroom to $675,000 for two bedrooms.

Property taxes in San Luis Obispo County maintain a 0.7% effective rate, comparable to nearby Paso Robles but slightly higher than Santa Barbara County's 0.66%. The combined sales tax rate reaches 8.80%, including the 7.25% California state rate and 1.55% local rate.

The city's educational landscape includes California Polytechnic State University and highly rated public schools. Bishop's Peak Elementary and Laguna Middle School both earned A ratings from Niche, while Mission College Preparatory Catholic High School achieved an A+ rating. SLO Transit provides public bus service throughout the city, complemented by Amtrak connections and the San Luis Obispo County Regional Airport offering daily flights to major cities.

Frequently Asked Questions

How much does it cost to rent a home in San Luis Obispo, CA?
The median rent for a home in San Luis Obispo, CA is $3,472 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in San Luis Obispo, CA?
To comfortably afford the median rent in San Luis Obispo, CA, a household needs to earn roughly $138,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,472 per month in San Luis Obispo, CA, renters typically need to show $10,416 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in San Luis Obispo, CA?
In San Luis Obispo, CA, the price-to-rent ratio is 26.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in San Luis Obispo, CA are best for renting a home?
The best neighborhood for renting in San Luis Obispo, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Madonna, LOVR Creekside Area, Meadow Park, Downtown San Luis Obispo and Foothill, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
147
Median Rent
$3,472
Median Single Family Home Rent
$3,900
Median Townhouse Rent
$2,000
Median Condo Rent
$2,950
How to Rent a Home