Discover this spacious Semi-furnished 2BR/2BA condor. Take advantage of this move-in special and get $500 off of your move-in funds. A thoughtfully laid out, the unit includes a full kitchen with stove, dishwasher, microwave and refrigerator, plus in-unit storage. Step outside to a huge outdoor patio perfect for relaxing or entertaining. Two dedicated parking spaces and elevator access add convenience, and the building's storage keeps belongings organized. Located near local amenities and campus destinations, this condo balances comfort and practicality.
Area Information: Located in the College Area of San Diego, 5540 Lindo Paseo #3 offers a central location just steps from San Diego State University. The neighborhood is popular for its convenience, with easy access to shopping, restaurants, coffee shops, and public transportation. Residents are minutes from Mission Valley, Lake Murray, and Downtown San Diego, with nearby access to Interstate 8, Highway 125, and public transit making commuting throughout the county simple. The community features landscaped grounds and a community pool while offering a walkable lifestyle close to campus, local parks, and everyday amenities.
Schools: Hardy Elementary School. Lewis Middle School. Patrick Henry High School.
Features: MOVE-IN SPECIAL- Get $1000 Off MOVE-IN FUNDS. First lease term until 5/31/26, 12-month lease thereafter. Partially furnished. Stainless steel appliances include: stove, microwave, refrigerator, dishwasher. Walk-in closet in primary bedroom. High efficiency mini-split A/C units in each room. Large patio deck with storage. Washer & dryer onsite. 2 assigned tandem parking space in subterranean garage. Unit close to elevator. Fully gated complex. Across the street from SDSU.... Utilities included: water, trash, & sewer. Small pets allowed.
Pet Description: We use a third-party pet screening service. All applicants are required to create either a no pet or a pet/animal profile. The third-party service charges fees and $0 for no pets or for verified service and/or comfort animals. For pet owners (excluding verified service and/or comfort animals) there is an initial processing fee of $100 along with a monthly pet fee of $50.
Must have a 650+ FICO score and earn 2.5 times monthly rent in verifiable income, good rental references and the ability to move-in within 10 days of the available date. Additional $25 Resident Benefit Fee is added monthly. $195 Lease Admin Fee due upon move-in - nonrefundable. CA BRE Lic. #00935682.
Additionally, property owners will never communicate directly with prospective tenants.
All showings, applications, and communications must go through Penny Realty directly and through our verified systems.
This 2-bedroom, 2-bathroom condo at 5540 Lindo Paseo #3 in San Diego, CA 92115 rents for $2,595 a month. It has 697 square feet and is pet friendly. 5540 Lindo Paseo #3 was advertised by Penny Realty on September 3, 2026.
How the Rent Compares
At $2,595 a month, this condo is below the typical rent for 2-bedroom apartments and condos in San Diego (about $2,900).
Typical $2,900This home $2,595
$2,250$4,040
From 675 two-bedroom apartments and condos listed in San Diego on RentalSource in October 2026: the scale holds eight in ten of them, and the shaded band the middle half.
$2,900Typical rent for 2-bedroom apartments and condos in San Diego
The rent has dropped from $2,895 to $2,595 since it was listed on September 3. This home was last listed for rent on RentalSource from January to April 2023, ending at $3,395. Today's rent is $800 lower.
Rent history for this home, newest first
Date
Event
Rent
Change
October 20, 2026
Price change
$2,595−10.4%
−10.4%
September 3, 2026
Listed for rent
$2,895−14.7%
−14.7%
April 24, 2023
Listing removed
$3,395
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 5540 Lindo Paseo #3?
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2 bedrooms
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Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.
Recommended income
$103,800 /year
With your chosen rent-to-income ratio, an annual income of $103,800 is recommended to comfortably afford this 2-bedroom rental priced at $2,595 per month.
