Last updated on August 21, 2026

Average rent in
San Luis Obispo, CA

Key takeaways for renters

  • Where San Luis Obispo rent stands today

    San Luis Obispo, CA rent rose 3.9% year over year, with a current median of $2,700/month. Renters today are paying $77 more per month on average than last year, following a recent peak of $3,200/month in March 2026.

  • San Luis Obispo runs roughly 1.4× the $1,925/month national median, placing it among pricier California metros with a limited total rental inventory of 158 units.

  • Price ranges

    Studio rents sit around $2,000/month and 1-bedrooms at $1,950/month, while 2-bedrooms reach $2,575/month. Three-bedroom units rent for $3,950/month, and 4+ bedrooms cost a median of $4,975/month.

Median rent

Median rent in San Luis Obispo

$2,700/mo

increased by4%

vs previous year

The average rent in San Luis Obispo is $2,700 per month as of August 2026. This is 40% above the national average rent, or $775 more per month.

$3.28

average price per square foot

Total rentals

Available rentals in San Luis Obispo

158

for rent on Zumper.com as of August 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 increased by 2% over the last month and have increased by 4% 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 $2,250, whereas a house costs $4,200. 1-bedroom apartments in San Luis Obispo run $1,975 on average, while 2-bedroom apartments are $2,500.

Listings

Studio

$2,000

3%

8%

1 bedroom

$1,950

3%

8%

2 bedroom

$2,575

2%

7%

3 bedroom

$3,950

2%

8%

4 bedroom

$4,975

3%

8%

Studio

Average rent

$2,000

Last 30 days

3%

Last year

8%

1 bedroom

Average rent

$1,950

Last 30 days

3%

Last year

8%

2 bedroom

Average rent

$2,575

Last 30 days

2%

Last year

7%

3 bedroom

Average rent

$3,950

Last 30 days

2%

Last year

8%

4 bedroom

Average rent

$4,975

Last 30 days

3%

Last year

8%

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$2,700
increased by40%

higher than the national median

Median rent price$2,500
increased by30%

higher than the national median

Takeaway

The median rent for all rentals in San Luis Obispo, CA is 8% higher than the median rent in Arroyo Grande, CA.

Discover rentals in San Luis Obispo, CA

The SLO Student Living Apartments - Photo 1 of 1

1d ago

7.2

Very good

The SLO Student Living Apartments

1050 E Foothill Blvd, San Luis Obispo, CA 93405

Studio–1 bed

1 bath

$599–$1,475

Apartment for rent

0350 1814 Osos St. - Photo 1 of 1

16h 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

680 Chorro St #22 - Photo 1 of 1

5d+ ago

Condo for rent in San Luis Obispo

Condo for rent

45 Stenner St #H - Photo 1 of 1

4d ago

Apartment for rent in San Luis Obispo

2 beds

2 baths

$1,400

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 $2,700 per month as of August 15, 2026.

Is rent up or down in San Luis Obispo?

Average rent prices in San Luis Obispo have increased by 2% over the last month and have increased by 4% since last year.

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

Rent in San Luis Obispo is 40% above the national average, which means renters are paying approximately $775 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 $108,000/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?

October offers the lowest rents in San Luis Obispo, running about 11% below January's peak pricing. This seasonal pattern makes fall apartment hunting more budget-friendly than winter months.

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