5+ Days Ago
Location
1121 Montalban St, San Luis Obispo, CA 93405, USA
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Property Overview
Montalban Student Housing Apartments is a new apartment community with an overall Zumper Expert Rating of 8/10, reflecting strong trustworthiness and an excellent balance between price and value. With standout amenities (9/10) and a highly rated location (9/10) near a top-rated high school and within reasonable reach of public transportation and groceries, it ranks in the 95th percentile for value for money in its area.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- High school nearby
- Dishwasher
Floor plans
| Student Housing 2 Beds / 1 Bath | 2 bed | 1 bath | 563 sqft | $1,650 /mo | 3 units available | Student Housing 2 Beds / 1 Bath |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 35 |
|---|
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About Montalban Student Housing Apartments
Welcome to Montalban Student Housing Apartments! San Luis Obispo’s NEWEST apartment community! We look forward to making you our first residents in this new community! Montalban is within walking distance (16 minutes or 0.8 miles) to California Polytechnic State University. We are also close to the railway safety bike trail to downtown and Cal Poly. Individually leased by the bedroom, roommate matching is available upon request. Individually leased by a bedroom.
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, Montalban Student Housing Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Montalban Student Housing Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A 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.
Scoring a 8/10, Montalban Student Housing Apartments is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A 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.
Montalban Student Housing Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including building or unit level amenities. Renters looking for popular or luxurious features will find them here—and for that reason, Montalban Student Housing Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Montalban Student Housing Apartments 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 Montalban Student Housing Apartments 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.
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 Montalban Student Housing Apartments compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- High school nearby
- There is a high school 1 mile away
- Dishwasher
- Dishwasher available in kitchen
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
2-bedroom apartments at Montalban Student Housing Apartments cost about 44% less than the average rent price for 2-bedroom apartments in San Luis Obispo.
Median rents as of May 16 2026.
San Luis Obispo
| Month | Median Rent |
|---|---|
| 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 | $2,033 |
| November 2025 | $1,953 |
| December 2025 | $1,917 |
| January 2026 | $1,896 |
| February 2026 | $1,875 |
| March 2026 | $1,855 |
| April 2026 | $1,825 |
| May 2026 | $1,808 |
Affordability calculator
Can I afford to live at 1121 Montalban St?
Bedrooms
2 bedroomsRent-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
$66,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $66,000 annually to afford this 2-bedrooms monthly rent price of $1,650.
For more information on rent affordability, visit our rent calculator.
Schools near Montalban Student Housing Apartments
San Luis County Special Education
3360 ed dr
san luis obispo, CA, 93405
K-12Public
PEEP - PREPARE
1500 lizzie st
san luis obispo, CA, 93401
K-12Public
Bishop's Peak Elementary School
451 jaycee dr
san luis obispo, CA, 93405
K-6Public
A
Cayucos Elementary School
301 cayucos dr
cayucos, CA, 93430
K-8Public
A
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Internet available near Montalban Student Housing Apartments
Getting around San Luis Obispo near 1121 Montalban St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 1121 Montalban St, San Luis Obispo
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
6/10
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
8/10
At least one elementary school within a 15-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
3/10
Some bars within walking distance
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