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Studio Apartments for Rent in San Luis Obispo, CA

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    $875 - $2,200 per month

    Avila Apartments in Downtown SLO

    Studio - 1 Bed

    475-497 Marsh St, San Luis Obispo, CA 93401

    Welcome to Avila Apartments in Downtown San Luis ObispoDiscover the charm of Avila Apartments, ideally located in the heart of downtown San Luis Obispo. Offering quaint studio and one-bedroom homes at an exceptional value, our community puts you within steps of local shops, restaurants, parks, and all the amenities you need to live comfortably and stay connected.Schedule a tour today and see why

    475-497 Marsh St, San Luis Obispo, CA 93401
  • /50

    $2,512 per month

    Artisan Apartments

    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

    564 Higuera St, San Luis Obispo, CA 93401
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    $1,850 - $2,600 per month

    Peach Street

    Studio - 2 Beds

    660 Peach St, San Luis Obispo, CA 93401

    660 Peach St, San Luis Obispo, CA 93401
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    $1,660 - $2,475 per month

    Palomar at SLO

    Studio - 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

    71 Palomar Ave, San Luis Obispo, CA 93405
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    $2,390 - $3,960 per month

    Vintage at SLO

    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

    3554 Ranch House Rd, San Luis Obispo, CA 93401
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    $1,250 - $2,000 per month

    Wineman

    Studio

    849 Higuera St, 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.

    849 Higuera St, San Luis Obispo, CA 93401
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    $1,772 - $2,019 per month

    Mustang Village

    Studio

    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

    1 Mustang Dr, San Luis Obispo, CA 93405
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    $1,980 per month

    • Studio
    • 1 Bath
    • 400 Sq Ft
    • Condo for Rent

    404 Patricia Dr Unit Studio, San Luis Obispo, CA 93405

    A gem of a find. The Unit is clean and very quiet. NOTE : Studio Will be available January 1, 2026. Please fill out application if you are serious about renting this unit. If you need to speak and/or text me please do so through this site. Email works too. I will be showing unit in December. Lease is 6-12 months. Thank you for your interest. ****** READ----> Single occupancy only. No

    404 Patricia Dr Unit Studio, San Luis Obispo, CA 93405

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

What are the most popular neighborhoods in San Luis Obispo, CA for renters?
The most popular neighborhood in San Luis Obispo, CA for renters is Downtown San Luis Obispo.
What are the most popular zip codes in San Luis Obispo, CA for renters?
The most popular zip codes in San Luis Obispo, CA for renters is 93401.
How to Rent a Home