Last updated on May 23, 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 9.1% year over year, with a current median of $3,000/month. Renters are paying $272 more per month than last year, though rent remains 3.1% below the peak of $3,200/month reached two months ago. The market offers 211 total rentals.

  • Vs. national rents

    San Luis Obispo runs roughly 1.5× the $1,949/month national median, placing it among pricier California metros. This positioning reflects the city's higher cost relative to the national market.

  • Rent ranges by bedroom

    Studios rent for $1,800/month, 1-bedrooms for $2,200/month, and 2-bedrooms for $2,950/month. Larger units reach $6,000/month for 4+ bedrooms, with the 4+ bedroom segment showing a 10.1% year-over-year decline, diverging from the citywide trend.

  • Neighborhood spotlight

    Studio rents in San Luis Obispo fell 10.6% year over year, contrasting with the overall city increase. The 4+ bedroom segment also declined by 10.1%, showing variation within the city's rental market.

Median rent

Median rent in San Luis Obispo

$3,000/mo

increased by9%

vs previous year

The average rent in San Luis Obispo is $3,000 per month as of May 2026. This is 54% above the national average rent, or $1,051 more per month.

$3.89

average price per square foot

Total rentals

Available rentals in San Luis Obispo

211

for rent on Zumper.com as of May 2026

Rent price distribution

Share of San Luis Obispo rentals at each price point

45%34%23%11%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 3% over the last month and have increased by 9% 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 $2,500, whereas a house costs $4,600. 1-bedroom apartments in San Luis Obispo run $2,200 on average, while 2-bedroom apartments are $2,650.

Listings

Studio

$1,800

4%

18%

1 bedroom

$2,200

No Change

2%

2 bedroom

$2,950

No Change

1%

3 bedroom

$4,200

1%

4%

4 bedroom

$6,000

13%

7%

Studio

Average rent

$1,800

Last 30 days

4%

Last year

18%

1 bedroom

Average rent

$2,200

Last 30 days

No Change

Last year

2%

2 bedroom

Average rent

$2,950

Last 30 days

No Change

Last year

1%

3 bedroom

Average rent

$4,200

Last 30 days

1%

Last year

4%

4 bedroom

Average rent

$6,000

Last 30 days

13%

Last year

7%

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$3,000
increased by54%

higher than the national median

Median rent price$2,900
increased by49%

higher than the national median

Takeaway

The median rent for all rentals in San Luis Obispo, CA is 3% 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

3d ago

7.2

Very good

The SLO Student Living Apartments

1050 E Foothill Blvd, San Luis Obispo, CA 93405

1 bed

1 bath

$579–$949

Apartment for rent

871 Buchon St - Photo 1 of 1

1d 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

1d ago

8.3

Very good

0350 1814 Osos St.

1814 Osos St, San Luis Obispo, CA 93401

1 bed

2 baths

$1,100

Apartment for rent

0312 740 W. Foothill - Photo 1 of 1

1d ago

8.4

Very good

0312 740 W. Foothill

740 W Foothill Blvd, San Luis Obispo, CA 93405

1 bed

0 baths

$1,200

Apartment for rent

Stay up to date with rental market insights

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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 $3,000 per month as of May 16, 2026.

Is rent up or down in San Luis Obispo?

Average rent prices in San Luis Obispo have increased by 3% over the last month and have increased by 9% since last year.

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

Rent in San Luis Obispo is 54% above the national average, which means renters are paying approximately $1,051 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 $120,000/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