3 Days Ago
Highlights
Pet Friendly
- Gated community
- Downtown lifestyle
Location
550 Higuera St, San Luis Obispo, CA 93401, USA
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Property Overview
The Beautiful Apartment Community in Downtown San Luis Obispo scores highly with a Zumper Expert Rating of 8.8, reflecting its strong value for price, amenities, and location, which received top marks. The gated community offers an appealing downtown lifestyle and exceptional pet-friendly amenities, enhanced by the proximity to pet services. With its transparent management demonstrating a trustworthiness rating of 8 out of 10, this property stands out as a compelling option for prospective renters.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Middle school nearby
- Less expensive
Great for
Pet owners
Floor plans
| DTT 0BD | Studio | 1 bath | 575 sqft | $2,150 /mo | 1 unit available | ERA Management is pleased to offer The Downtown Terrace a 60 unit community in downtown San Luis Obispo Enjoy the downtown lifestyle at the Downtown Terrace community, just a few blocks from shopping, restaurants, and the farmer’s market. This unit is a must see. This light-filled updated studio unit in a gated community includes a beautifully updated kitchen with refrigerator, stove/range. Unit also includes AC, vinyl floors and in-unit laundry. Virtual Tour Walk Through: https youriguide com 19a_550_higuera_st_san_luis_obispo_ca PARKING Please be advised there is NO PARKING available at this property. There is open street parking on Pacific St and Beach St, a 3 minute walk. There are also 3 city parking garages available at $45/mo through SLO city, a 10+ minute walk depending on which garage you prefer. PET POLICY The Downtown Terrace is a pet friendly community limited to one pet per unit. Dogs must be under 25lbs and all residents are required to complete a pet screening with their application. Pet Fee: $75/mo UTILITIES Flat Rate Water: $65/mo Flat Rate Trash: $15/mo LAUNDRY In-unit laundry $50/mo *Renderings, photos, and square footage are for marketing purposes only. Full details of the arrangement set forth in the final written agreement between the parties. | |
| | AVAILABLE JUNE 15th 2025 | 2 Bedroom Downstairs Unit in Downtown San Luis Obispo | 2 bed | 1 bath | 625 sqft | $2,200 /mo | 1 unit available |
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Amenities for Beautiful Apartment Community in Downtown San Luis Obisp
Apartment Amenities
| Downstair Unit |
Appliances
| In-Unit Laundry | Oven |
| Oven/Stove | Range |
| Refrigerator | Washer and Dryer |
Building
| Cats OK | Controlled Access |
| Dogs OK |
Grounds
| Gated Community |
Other
| Resident Responsible for All Utilities |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Dog policy
| Allowed | Â |
|---|---|
| Limit | 1 |
Cat policy
| Allowed | Â |
|---|---|
| Limit | 1 |
Building details
Property details
| Units | 60 |
|---|
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About Beautiful Apartment Community in Downtown San Luis Obisp
The Downtown Terrace is a multi-unit property in a gated community located in downtown San Luis Obispo. Enjoy the downtown lifestyle at the Downtown Terrace community, just a few blocks from shopping, restaurants, and the farmer’s market.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, Beautiful Apartment Community in Downtown San Luis Obisp is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Beautiful Apartment Community in Downtown San Luis Obisp has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Beautiful Apartment Community in Downtown San Luis Obisp offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Beautiful Apartment Community in Downtown San Luis Obisp stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Beautiful Apartment Community in Downtown San Luis Obisp is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Beautiful Apartment Community in Downtown San Luis Obisp does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Beautiful Apartment Community in Downtown San Luis Obisp is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Beautiful Apartment Community in Downtown San Luis Obisp compares to other nearby properties.
Positives
- More space
- Studio is 175 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 2 miles away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
- Pet friendly
- This property allows pets
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
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Rent trends in San Luis Obispo
Studio apartments at Beautiful Apartment Community in Downtown San Luis Obisp cost about 5% more than the average rent price for studios in San Luis Obispo.
If you decide to upgrade your space, you can expect 2-bedrooms at Beautiful Apartment Community in Downtown San Luis Obisp to be 18% less than the average for similarly sized apartments in San Luis Obispo.
Median rents as of Oct 4 2025.
San Luis Obispo
| Month | Median Rent |
|---|---|
| October 2023 | $2,037 |
| November 2023 | $1,968 |
| December 2023 | $2,000 |
| January 2024 | $1,950 |
| February 2024 | $1,900 |
| March 2024 | $1,839 |
| April 2024 | $1,800 |
| May 2024 | $1,936 |
| June 2024 | $1,882 |
| July 2024 | $1,942 |
| August 2024 | $1,937 |
| September 2024 | $2,015 |
| October 2024 | $1,897 |
| November 2024 | $1,839 |
| December 2024 | $1,868 |
| January 2025 | $1,903 |
| February 2025 | $1,912 |
| March 2025 | $1,940 |
| April 2025 | $2,043 |
| May 2025 | $2,064 |
| June 2025 | $2,009 |
| July 2025 | $2,040 |
| August 2025 | $2,013 |
| September 2025 | $2,021 |
| October 2025 | $2,050 |
Affordability calculator
Can I afford to live at 550 Higuera St?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$86,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $86,000 annually to afford this studio monthly rent price of $2,150.
For more information on rent affordability, visit our rent calculator.
Schools near Beautiful Apartment Community in Downtown San Luis Obisp
Hawthorne Elementary School
2125 story st
san luis obispo, CA, 93401
K-6Public
A-
PEEP - PREPARE
1500 lizzie st
san luis obispo, CA, 93401
K-12Public
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Internet available near Beautiful Apartment Community in Downtown San Luis Obisp
Getting around San Luis Obispo near 550 Higuera St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 550 Higuera St, San Luis Obispo
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
8/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Nightlife
5/10
Some bars within a few minutes’ walk
Explore the area around 550 Higuera St
Smart & Final Extra!
1321 Johnson Ave
San Luis Oriental Market
1255 Monterey St
Slo Ranch Farms & Marketplace
851 Froom Ranch Way
Ralphs
201 Madonna Rd
California Fresh Markets
771 E Foothill Blvd
Trio Boutique
570 Higuera St
Epiphany of Slo LLC
641 Higuera St
Patrick James Inc
641 Higuera St
Takkens Shoes
668 Marsh St
Opulence Enterprises LLC
1115 Broad St
Buen Dia Coffee
570 Higuera St
Withco Coffee LLC
570 Higuera St
Kreuzberg California
685 Higuera St
Libertine Coffee Bar
1240 Broad St
Scout Coffee
1130 Garden St
McCarthy's Irish Pub
600 Marsh St
Sidecar
1040 Broad St
Buffalo Bar & Grill
717 Higuera St
Novo Restaurant & Lounge
726 Higuera St
The Libertine Brewing Company
1234 Broad St
House of Bread
299 Marsh St
Proof & Gather Baking Company
778 Higuera St
House of Bread Bakery Cafe
858 Higuera St
Williams-Sonoma
864 Monterey St
Bread Bike
2060 Parker St
Nate's on Marsh
450 Marsh St
Bear & the Wren
570 Higuera St
Buen Dia Coffee
570 Higuera St
Goshi Corp
570 Higuera St
Japanese Restaurant Goshi
570 Higuera St
Nipomo & Higuera
RTA - San Luis Obispo / Santa Maria
Nipomo at Higuera
Broad/Airport/Johnson, Higuera/LOVR/Madonna, Madonna/LOVR/Higuera, Old SLO Trolley
Marsh at Broad
Broad/Airport/Johnson, Higuera/LOVR/Madonna, Madonna/LOVR/Higuera, Old SLO Trolley
Marsh at Archer
Higuera/LOVR/Madonna, Madonna/LOVR/Higuera
Marsh & Broad
RTA - Santa Maria / San Luis Obispo
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