Last updated on November 2, 2026

Average rent in
Cal Poly, CA

Median rent

Median rent in Santa Margarita

$3,000/mo

increased by43%

vs previous year

The average rent in Santa Margarita is $3,000 per month as of October 2026. This is 58% above the national average rent, or $1,100 more per month.

$3.79

average price per square foot

Total rentals

Available rentals in Santa Margarita

139

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Santa Margarita rentals at each price point

50%38%25%13%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Cal Poly, CA

Average rent prices in Santa Margarita have increased by 43% since last year. At this time, we don't have enough information to generate yearly trends. Please see below for more rent price details.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Cal Poly, CA

Rent prices in Santa Margarita vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Santa Margarita is $2,372, whereas a house costs $3,900. 1-bedroom apartments in Santa Margarita run $2,000 on average, while 2-bedroom apartments are $2,600.

Listings

Studio

$1,875

-

5%

1 bedroom

$2,025

-

2%

2 bedroom

$2,800

-

12%

3 bedroom

$3,900

-

38%

4 bedroom

$4,950

-

219%

Studio

Average rent

$1,875

Last year

5%

1 bedroom

Average rent

$2,025

Last year

2%

2 bedroom

Average rent

$2,800

Last year

12%

3 bedroom

Average rent

$3,900

Last year

38%

4 bedroom

Average rent

$4,950

Last year

219%

The table above reflects average rent prices in Cal Poly, CA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Discover rentals in Cal Poly, CA

The SLO Student Living Apartments - Photo 1 of 1

5d+ ago

7.2

Very good

The SLO Student Living Apartments

1050 E Foothill Blvd, San Luis Obispo, CA 93405

1 bed

1 bath

$599–$899

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
0312 740 W. Foothill - Photo 1 of 1

19h ago

8.3

Very good

0312 740 W. Foothill

740 W Foothill Blvd, San Luis Obispo, CA 93405

1–5 beds

2–3 baths

$850–$5,995

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
ICON SLO - Photo 1 of 1
3D tour

5d+ ago

8.3

Very good

ICON SLO

1340 Taft St, San Luis Obispo, CA 93405

4 beds

2 baths

$1,550–$6,400

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Montalban Student Housing Apartments - Photo 1 of 1
3D tour

1d ago

8

Very good

Montalban Student Housing Apartments

1121 Montalban St, San Luis Obispo, CA 93405

2 beds

1 bath

$1,650

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Cal Poly, CA

Quick answers to common questions about the Santa Margarita rental market.

How much is rent in Santa Margarita?

The average rent in Santa Margarita is $3,000 per month as of October 31, 2026.

Is rent up or down in Santa Margarita?

Average rent prices in Santa Margarita have increased by 43% since last year.

How does Santa Margarita rent compare to the national average?

Rent in Santa Margarita is 58% above the national average, which means renters are paying approximately $1,100 more per month.

What salary do I need to afford rent in Santa Margarita?

To comfortably afford rent in Santa Margarita, you'd need to earn approximately $120,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Broad, 880-888