Last updated on October 6, 2026

Average rent in
San Luis Obispo, CA

Key takeaways for renters

  • The bottom line

    San Luis Obispo, CA rent rose 20.6% year over year, with a current median of $2,895/month. Renters today are paying $503 more per month on average than last year, extending a strong upward trend since the recent trough in September 2025.

  • Vs. national rents

    San Luis Obispo runs roughly 1.5× the $1,900/month national median, placing it among pricier California metros with a limited total rental inventory of 142 units.

  • Rent ranges by bedroom

    Studios in San Luis Obispo rent for $1,850/month, 1-bedrooms for $1,975/month, and 2-bedrooms for $2,548/month, with 3-bedrooms at $3,800/month and 4+ bedrooms reaching $4,900/month. This range reflects the diversity of rental options by bedroom count.

  • Price ranges

    Houses rent at a median of $3,800/month compared to $2,200/month for apartments. Apartments make up 48.5% of total rentals, while houses account for 45.1%, showing a balanced inventory between these property types.

Median rent

Median rent in San Luis Obispo

$2,895/mo

increased by21%

vs previous year

The average rent in San Luis Obispo is $2,895 per month as of October 2026. This is 52% above the national average rent, or $995 more per month.

$3.41

average price per square foot

Total rentals

Available rentals in San Luis Obispo

142

for rent on Zumper.com as of October 2026

Rent price distribution

Share of San Luis Obispo 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 San Luis Obispo, CA

Average rent prices in San Luis Obispo have increased by 3% over the last month and have increased by 21% 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 $2,200, whereas a house costs $3,800. 1-bedroom apartments in San Luis Obispo run $1,900 on average, while 2-bedroom apartments are $2,400.

Listings

Studio

$1,850

1%

7%

1 bedroom

$1,975

1%

7%

2 bedroom

$2,547

4%

3%

3 bedroom

$3,800

1%

1%

4 bedroom

$4,900

31%

14%

Studio

Average rent

$1,850

Last 30 days

1%

Last year

7%

1 bedroom

Average rent

$1,975

Last 30 days

1%

Last year

7%

2 bedroom

Average rent

$2,547

Last 30 days

4%

Last year

3%

3 bedroom

Average rent

$3,800

Last 30 days

1%

Last year

1%

4 bedroom

Average rent

$4,900

Last 30 days

31%

Last year

14%

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$2,895
increased by52%

higher than the national median

Median rent price$2,700
increased by42%

higher than the national median

Takeaway

The median rent for all rentals in San Luis Obispo, CA is 7% 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

2h 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

0312 740 W. Foothill - Photo 1 of 1

1d ago

8.3

Very good

0312 740 W. Foothill

740 W Foothill Blvd, San Luis Obispo, CA 93405

1 bed

2–3 baths

$850

Price drop

Montalban Student Housing Apartments - Photo 1 of 1

2d ago

7.9

Very good

Montalban Student Housing Apartments

1121 Montalban St, San Luis Obispo, CA 93405

2 beds

1 bath

$1,650

722 Boysen Ave #5 - Photo 1 of 1

3d ago

Apartment for rent in San Luis Obispo

722 Boysen Ave #5, San Luis Obispo, CA 93405

2 beds

1 bath

$2,200

$1,900

Price drop

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 $2,895 per month as of October 3, 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 21% since last year.

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

Rent in San Luis Obispo is 52% above the national average, which means renters are paying approximately $995 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 $116,000/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