Houses for Rent in San Luis Obispo, CA

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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 August 2025, 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 4.8% ($122) higher than the California average of $2,567 and 50.2% ($899) higher than the U.S. average of $1,790.

Average Rent
$2,689
Monthly ChangeMonth Over Month Change
Increased5.5% ($139)
Yearly ChangeYear Over Year Change
Increased4.7% ($121)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,381 Increased2.7% ($62) Increased1.7% ($39)
2 Beds $3,125 Increased6.9% ($203) Increased17.9% ($475)
3 Beds $3,676 Increased3.1% ($110) Decreased6.8% ($268)
Nearby Cities Average Rent Avg. Rent vs. San Luis ObispoAverage Rent vs. San Luis Obispo Avg. Days on MarketAverage Days on Market
Los Osos $2,891 Increased7.5% ($202) 28 days
Pismo Beach $2,812 Increased4.6% ($123) 26 days
Morro Bay $2,315 Decreased13.9% ($374) 30 days
Grover Beach $2,750 Increased2.3% ($61) 24 days
Atascadero $2,628 Decreased2.3% ($61) 26 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 $2,689 per month.
Houses in San Luis Obispo typically rent for between $1,667 and $4,779 per month, with an average of $2,689 per month.
In San Luis Obispo, the average rent for a 1-bedroom house is $2,381 per month, for a 2-bedroom house, $3,125 per month, and a 3-bedroom house is $3,676 per month.
The average rent in San Luis Obispo is 50.2% ($899) higher than the national average of $1,790 per month.
The average rent in San Luis Obispo has increased by 5.5% ($139) in the last month and increased by 4.7% ($121) 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 84 rental properties available in San Luis Obispo, CA.
Based on the current averages, a household would need an annual income of $125,000 to comfortably afford a 2-bedroom house in San Luis Obispo.
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