Homes & Apartments for Rent in 93401

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What to Know About

Life in San Luis Obispo & Beyond

San Luis Obispo shares many of the great qualities that make California a desirable place to live.

California is the most populous state in the United States and is home to some of the world's most iconic cities, such as Los Angeles, San Diego, and San Francisco. It's known for its thriving economy and diverse landscapes, including beaches, deserts, and mountains. Immerse yourself in the state's history and traditions by visiting museums like the California Science Center and the Getty Center or attending worldwide renowned universities like Stanford University and the University of California, Berkeley.

There are also many outdoor recreation opportunities in the state, such as skiing in the Sierra Nevada Mountains, surfing along the Pacific Coast, and hiking in Yosemite National Park. There's something for everyone. Sports fans can enjoy cheering on the San Francisco 49ers (NFL), Los Angeles Kings (NHL), Los Angeles Dodgers (MLB), San Francisco Giants (MLB), Los Angeles Lakers (NBA), or Golden State Warriors (NBA). Also, check out famous attractions like the Golden Gate Bridge, Alcatraz Island, Disneyland, Hollywood, the historic city of San Francisco, and the mecca of Los Angeles.

With its warm and inviting climate, thriving economy, and high quality of life, Embrace the Golden State and discover why California is a great place to live.

Rental Market Trends

San Luis Obispo, CA

As of June 2026, San Luis Obispo's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. San Luis Obispo's average rent is 6.5% ($178) lower than the California average of $2,756 and 43.5% ($781) higher than the U.S. average of $1,797.

Average Rent
$2,578
Monthly ChangeMonth Over Month Change
Increased3.5% ($88)
Yearly ChangeYear Over Year Change
Increased4% ($100)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,219 Increased0.4% ($8) Decreased2.2% ($50)
2 Beds $2,890 Increased0.2% ($6) Increased5.9% ($161)
3 Beds $3,796 Decreased0.9% ($34) Increased12.9% ($434)
Nearby Cities Average Rent Avg. Rent vs. San Luis ObispoAverage Rent vs. San Luis Obispo Avg. Days on MarketAverage Days on Market
Avila Beach $3,074 Increased19.2% ($496) 24 days
Los Osos $2,487 Decreased3.5% ($91) 28 days
Pismo Beach $2,798 Increased8.5% ($220) 26 days
Morro Bay $2,190 Decreased15.1% ($388) 30 days
Grover Beach $2,665 Increased3.4% ($87) 24 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
San Luis Obispo Rental Market FAQs

Explore rental prices, market trends, and availability in San Luis Obispo, CA.

The average rent in San Luis Obispo, CA is $2,578 per month.
Homes in San Luis Obispo typically rent for between $1,553 and $4,935 per month, with an average of $2,578 per month.
In San Luis Obispo, the average rent for a 1-bedroom home is $2,219 per month, for a 2-bedroom home, $2,890 per month, and a 3-bedroom home is $3,796 per month.
The average rent in San Luis Obispo is 43.5% ($781) higher than the national average of $1,797 per month.
The average rent in San Luis Obispo has increased by 3.5% ($88) in the last month and increased by 4.0% ($100) over the past year.
The rental market in San Luis Obispo, CA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In San Luis Obispo, CA, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 157 rental properties available in San Luis Obispo, CA.
Based on the current averages, a household would need an annual income of $115,600 to comfortably afford a 2-bedroom home in San Luis Obispo.
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