Last updated on July 7, 2026

Average rent in
San Luis Obispo, CA

Key takeaways for renters

  • The bottom line

    San Luis Obispo, CA rent rose 5.1% year over year, with a current median of $2,798/month. Renters are paying $181 more per month on average than last year, though rent has eased 1.7% month over month after peaking at $3,200 in March 2026.

  • San Luis Obispo runs 43.5% more expensive than the $1,950/month national median, placing it among pricier California metros with a relatively small total rental inventory of 179 units.

  • Price ranges

    Studios and 1-bedrooms in San Luis Obispo are close in price at around $1,975 to $1,988/month, while 2-bedrooms rise to $2,750/month. Larger units and houses reach higher medians, with 4+ bedrooms at $5,000/month and houses at $4,200/month, covering a broad spectrum of rental costs.

Median rent

Median rent in San Luis Obispo

$2,797/mo

increased by5%

vs previous year

The average rent in San Luis Obispo is $2,797 per month as of July 2026. This is 43% above the national average rent, or $847 more per month.

$3.52

average price per square foot

Total rentals

Available rentals in San Luis Obispo

179

for rent on Zumper.com as of July 2026

Rent price distribution

Share of San Luis Obispo rentals at each price point

55%41%28%14%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in San Luis Obispo, CA

Average rent prices in San Luis Obispo have decreased by 2% over the last month and have increased by 5% since last year.

Rent trends

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

Compare rent prices in San Luis Obispo, CA

Rent prices in San Luis Obispo vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in San Luis Obispo is $2,395, whereas a house costs $4,200. 1-bedroom apartments in San Luis Obispo run $1,995 on average, while 2-bedroom apartments are $2,600.

Listings

Studio

$1,987

2%

1%

1 bedroom

$1,975

1%

5%

2 bedroom

$2,750

3%

5%

3 bedroom

$3,997

2%

No Change

4 bedroom

$5,000

6%

2%

Studio

Average rent

$1,987

Last 30 days

2%

Last year

1%

1 bedroom

Average rent

$1,975

Last 30 days

1%

Last year

5%

2 bedroom

Average rent

$2,750

Last 30 days

3%

Last year

5%

3 bedroom

Average rent

$3,997

Last 30 days

2%

Last year

No Change

4 bedroom

Average rent

$5,000

Last 30 days

6%

Last year

2%

The table above reflects average rent prices in San Luis Obispo, 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.

How does rent in San Luis Obispo, CA compare to other cities?

Compare median rent prices in San Luis Obispo and Arroyo Grande by all bedroom counts and property types.

San Luis Obispo

Median rent price$2,797
increased by43%

higher than the national median

Median rent price$2,812
increased by44%

higher than the national median

Takeaway

The median rent for all rentals in San Luis Obispo, CA is 1% lower than the median rent in Arroyo Grande, CA.

Discover rentals in San Luis Obispo, CA

The SLO Student Living Apartments - Photo 1 of 1

16h ago

7.2

Very good

The SLO Student Living Apartments

1050 E Foothill Blvd, San Luis Obispo, CA 93405

1–2 beds

1 bath

$599–$999

Apartment for rent

0312 740 W. Foothill - Photo 1 of 1

3d ago

7.1

Very good

0312 740 W. Foothill

740 W Foothill Blvd, San Luis Obispo, CA 93405

1 bed

0 baths

$900

Apartment for rent

871 Buchon St - Photo 1 of 1

5d+ ago

Apartment for rent in San Luis Obispo

871 Buchon St, San Luis Obispo, CA 93401

1 bed

1 bath

$950

Apartment for rent

0350 1814 Osos St. - Photo 1 of 1

4d ago

7.6

Very good

0350 1814 Osos St.

1814 Osos St, San Luis Obispo, CA 93401

1 bed

2 baths

$1,100

Apartment for rent

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 San Luis Obispo, CA

Quick answers to common questions about the San Luis Obispo rental market.

How much is rent in San Luis Obispo?

The average rent in San Luis Obispo is $2,797 per month as of July 4, 2026.

Is rent up or down in San Luis Obispo?

Average rent prices in San Luis Obispo have decreased by 2% over the last month and have increased by 5% since last year.

How does San Luis Obispo rent compare to the national average?

Rent in San Luis Obispo is 43% above the national average, which means renters are paying approximately $847 more per month.

What salary do I need to afford rent in San Luis Obispo?

To comfortably afford rent in San Luis Obispo, you'd need to earn approximately $112,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in San Luis Obispo?

San Luis Obispo one-bedroom apartments averaged around $2,000 per month in 2025, while two-bedroom units averaged around $2,800 per month. These figures reflect current market conditions following recent rent adjustments across different apartment sizes.

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).

Apartments for rent in Arroyo Grande