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San Luis Obispo, CA Houses for Rent

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  • /33

    $1,700

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,700 Sq Ft
    • House for Rent

    59 Chorro St Unit Main, San Luis Obispo, CA 93405

    One room available for one in a 3 bedroom home near Cal Poly.You’ll be sharing the home with two males in their twenties in a clean, respectful, easygoing household. A separate guest house on the property is occupied by another male.Great central location close to downtown, shopping, the hospital, and Cal Poly.Details:Rent $1700 per monthUtilities shared among

    59 Chorro St Unit Main, San Luis Obispo, CA 93405
  • /45

    $8,900

    Total Monthly Price

    • 5 Beds
    • 2.5 Baths
    • 2,102 Sq Ft
    • House for Rent

    679 Rancho Dr, San Luis Obispo, CA 93405

    For groups of 6-8. 4-bedroom plus BONUS room with HOT TOB, 2.5 bathroom with two car garage; 2100 Sq Ft. close to Poly campus and short drive to Cuesta. Updated central heat and air conditioning, new floors, new kitchen appliances, new washer/dryer, new roof, new plumbing including faucets/toilets, tankless water heater, new window coverings. new electrical, new paint. The house comes with a two

    679 Rancho Dr, San Luis Obispo, CA 93405
  • /24

    $4,950

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,806 Sq Ft
    • House for Rent

    398 Corrida Dr, San Luis Obispo, CA 93401

    Modern, pristine 3-bedroom, 2-bath home updated in 2025 with only one tenant since its transformation. Experience the best of SLO living, steps from Meadow Park and South Hills trails.Premium Upgrades:- Chef's Kitchen: New stainless steel gas stove & fridge (Nov 2025), dishwasher & quartz counters.- Fresh Interiors: New paint & high-end carpet throughout (April 2025).- Space:

    398 Corrida Dr, San Luis Obispo, CA 93401
  • /33

    $1,700

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,700 Sq Ft
    • House for Rent

    59 Chorro St Unit Main, San Luis Obispo, CA 93405

    One room available for one in a 3 bedroom home near Cal Poly.You’ll be sharing the home with two males in their twenties in a clean, respectful, easygoing household. A separate guest house on the property is occupied by another male.Great central location close to downtown, shopping, the hospital, and Cal Poly.Details:Rent $1700 per monthUtilities shared among

    59 Chorro St Unit Main, San Luis Obispo, CA 93405
  • /19

    $4,200

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,025 Sq Ft
    • House for Rent

    686 E Foothill Blvd, San Luis Obispo, CA 93405

    686 E Foothill Blvd, San Luis Obispo, CA 934053 Bed | 2 Bath | $4,200/monthAvailable July 1, 2026Well-maintained 3 bedroom, 2 bathroom townhouse-style home available near Cal Poly and downtown San Luis Obispo. This two-story property features vaulted ceilings, abundant natural light, updated flooring throughout, and an open-concept living area. Additional features include a

    686 E Foothill Blvd, San Luis Obispo, CA 93405
  • /19

    $5,000

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • House for Rent

    376 Ramona Dr, San Luis Obispo, CA 93405

    Available Now* New Construction 3 Bed / 2 Bath Home $5,000/month376 Ramona, SLO ** close to Cal Poly, Shopping, Downtown, and Hospital.**If interested To schedule a showing, please EMAIL your:1.Monthly income2.Length of current employment3.Credit scoreBe the first to live in this newly built, thoughtfully designed 3-bedroom, 2-bath home offering modern finishes and

    376 Ramona Dr, San Luis Obispo, CA 93405
  • /9

    $3,600 Per Month

    • 3 Beds
    • 1 Bath
    • 1,800 Sq Ft
    • House for Rent

    983 W Foothill Blvd, San Luis Obispo, CA 93405

    Classic Ranch House with 3 Bedrooms, 1 full bathroom, Living room with vaulted ceiling, kitchen with lots of storage, generously sized bedrooms, backyard patio, wide open space surrounding the house. NO PETS, NO SMOKING, minimum 670 credit score required.

    Yvonne Fisher Fisher Real Estate

    983 W Foothill Blvd, San Luis Obispo, CA 93405
  • /24

    $4,600 Per Month

    • 3 Beds
    • 1 Bath
    • 1,100 Sq Ft
    • Location Location Location! Near Poly

    209 Jeffrey Dr, San Luis Obispo, CA 93405

    No Street parking permits required! Fantastic location which is close to Poly campus, grocery store, pharmacy, bus stops! Large backyard. Hardwood floors! Fruit and avocado trees. Tenants pay all utilities. Also close to both Pacheco and bishop elementary schools

    209 Jeffrey Dr, San Luis Obispo, CA 93405
  • /57

    $6,500 Per Month

    • 4 Beds
    • 3 Baths
    • 3,098 Sq Ft
    • House for Rent

    1961 Vineyard View Ln, San Luis Obispo, CA 93401

    This Amazing Edna Valley Estate tucked away from the street just off 227 so easy access to SLO, 5 Cities, freeway, etc. This gated property welcomes you with a lovely entry garden into the expansive and high ceilings of this open floor plan that is light and bright and opens the opportunity of wonderful entertaining experiences inside and out. From the rustic travertine floors, granite

    Kevin Jones Realty Professionals

    1961 Vineyard View Ln, San Luis Obispo, CA 93401
  • /12

    $4,025 Per Month

    • 3 Beds
    • 2 Baths
    • 1,364 Sq Ft
    • 3 Bedroom 2 Bathroom Home Available July

    2132 Price St, San Luis Obispo, CA 93401

    Charming 3-bedroom, 2-bathroom home, available in July, located in the beautiful city of San Luis Obispo, CA. This home offers a perfect blend of comfort and convenience, with off-street parking and washer/dryer hookups for your ease. The enclosed backyard provides a private outdoor space for relaxation or entertaining, while the covered patio is an ideal spot for enjoying the pleasant California

    2132 Price St, San Luis Obispo, CA 93401
  • /9

    $3,375 Per Month

    • 3 Beds
    • 1 Bath
    • 1,300 Sq Ft
    • House for Rent

    961 W Foothill Blvd, San Luis Obispo, CA 93405

    Classic Ranch House with 3 Bedrooms, 1 full bathroom, Living room with vaulted ceiling, kitchen with lots of storage, generously sized bedrooms, backyard patio, wide open space surrounding the house. NO PETS, NO SMOKING, minimum 670 credit score required.

    Yvonne Fisher Fisher Real Estate

    961 W Foothill Blvd, San Luis Obispo, CA 93405
  • /10

    $5,350 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    347 Jeffrey Dr, San Luis Obispo, CA 93405

    347 Jeffrey Drive is in the perfect location and neighborhood. This clean 3 Bedroom 2.5 Bath house is a great distance to Cal Poly and Downtown. Rent: $5350/monthSecurity Deposit:$5350Available on July 1stCo-Signers accepted Call for an apt to see

    347 Jeffrey Dr, San Luis Obispo, CA 93405
  • /16

    $5,600 Per Month

    • 3 Beds
    • 2 Baths
    • 1,270 Sq Ft
    • Walk to Campus from this 3-Bedroom in Monterey Heights

    2155 Santa Ynez Ave, San Luis Obispo, CA 93405

    Ideal location for this 3 bedroom, 2 bathroom house in Monterey Heights, only a short distance from Cal Poly's Grand Avenue entrance.Very nicely updated with dual pane windows and vinyl wood plank flooring throughout create a clean modern look in this mid-century home.Two car garage, two cars can fit in the driveway in front of the garage.Professionally managed by Link

    2155 Santa Ynez Ave, San Luis Obispo, CA 93405
  • /12

    $3,900 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,924 Sq Ft
    • House for Rent

    881 Peach St, San Luis Obispo, CA 93401

    Welcome to Hillcrest Townhomes, where comfort meets convenience just minutes from downtown San Luis Obispo. This spacious 3-bedroom, 2.5-bath condominium offers approximately 1,924 square feet of living space. The property includes an enclosed side patio as well as an upstairs balcony. There is an attached 2 car garage. Tenants are responsible for all utilities. Appliances included:

    881 Peach St, San Luis Obispo, CA 93401
  • /9

    $6,500 Per Month

    • 4 Beds
    • 2 Baths
    • 987 Sq Ft
    • House for Rent

    325 Cerro Romauldo Ave, San Luis Obispo, CA 93405

    4BR / 2BA NEAR CAL POLY OFF FOOTHILL | AVAILABLE 07/01/2026Brand new build with in unit washer and dryer, mini split AC, and easy parking with no permit required. Photos shown are from a recently completed project to show finish style, finishes and materials will differ. For details or an application link, email or text .DRE #02206219

    325 Cerro Romauldo Ave, San Luis Obispo, CA 93405
  • /2

    $5,200 Per Month

    • 4 Beds
    • 3 Baths
    • Remodeled 4bd/3ba House w/ Spacious Yard, Extended Single Car Garage, and All Major Appliances

    2701 Meadow St, San Luis Obispo, CA 93401

    Newly renovated 4bd/3ba single family home with a new, oversized single car garage w/ washer and dryer and separate study hall/work space. Near Meadow park and includes all major appliances, including washer and dryer. Large master bedroom, large living room with fireplace, and spacious backyard. Easily suitable for five residents. All utilities are the tenants responsibility. The house is well

    2701 Meadow St, San Luis Obispo, CA 93401
  • /15

    $4,600 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    1557 Southwood Dr, San Luis Obispo, CA 93401

    Beautifully remodeled 3 bedroom, 2 bathroom home located in a desirable San Luis Obispo neighborhood. This updated home features brand-new windows, fully renovated bathrooms, new LVP flooring throughout, and a completely remodeled kitchen with new cabinetry, countertops, and appliances. Clean, modern finishes and a functional layout make this home move-in ready and easy to enjoy.$4600 per

    1557 Southwood Dr, San Luis Obispo, CA 93401
  • /14

    $10,000 Per Month

    • 5 Beds
    • 3 Baths
    • 2,500 Sq Ft
    • House for Rent

    152 Cuesta Dr, San Luis Obispo, CA 93405

    5BR / 3BA NEAR CAL POLY OFF FOOTHILL | AVAILABLE 07/01/2026Fully remodeled with two refrigerators in unit laundry plenty of storage and a spacious living room, driveway and street parking with no permit required with nearby bus stops to Cal Poly.For details or an application link, email or text .DRE #02206219

    152 Cuesta Dr, San Luis Obispo, CA 93405
  • /8

    $4,000 Per Month

    • 3 Beds
    • 2 Baths
    • 3bd/2ba Home with Two Car Garage

    42 El Mirador Ct, San Luis Obispo, CA 93401

    3bd/2ba home with attached two car garage, patio, and laundry hookups. Swimming pool access. Utilities are tenant responsibility. No pets. Available 7/20/2026.

    42 El Mirador Ct, San Luis Obispo, CA 93401
  • /27

    $12,500 Per Month

    • 5 Beds
    • 3 Baths
    • 2,022 Sq Ft
    • Newer 5 Bedroom House Close to Cal Poly

    328 Leroy Ct, San Luis Obispo, CA 93405

    This newer 5 bedroom home is in a great location just off the Grand Avenue entrance to Cal PolyThe open floor plan offers a large kitchen with seating at the countertop bar, breakfast nook or formal dining room. The living room includes a fireplace and a lot of natural light. One bedroom and bathroom located on the first level. There is a nice backyard space with a section of artificial

    328 Leroy Ct, San Luis Obispo, CA 93405
  • /13

    $2,300 Per Month

    • 2 Beds
    • 2 Baths
    • 966 Sq Ft
    • Two Bedroom Condo w/Loft Sinsheimer Neighborhood

    1043 Southwood Dr, San Luis Obispo, CA 93401

    Nicely maintained, clean and pleasant 2-bedroom, 2-bathroom Parkwood Village Condo very near Sinsheimer Park and School, SLO Blues Baseball and the YMCA. This well proportioned 2nd story single-level condo features an open floor plan, living room with a dining room with a great view balcony. Loft storage area and two assigned off street parking spaces. This unit is equipped with an electric

    1043 Southwood Dr, San Luis Obispo, CA 93401
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    $3,150 Per Month

    • 2 Beds
    • 2 Baths
    • 918 Sq Ft
    • House for Rent

    570 Peach St, San Luis Obispo, CA 93401

    Two bedroom, two bath condo which features an open floor plan. Upgraded kitchen with granite countertops, stainless steel appliances- Stove, refrigerator, dishwasher, microwave. Wood flooring in living area and kitchen, fenced patio off the living room. Laundry closet in hallway with Washer/Dryer. HOA amenities include a pool & spa. Close proximity to Mission Plaza, restaurants, shopping, San

    570 Peach St, San Luis Obispo, CA 93401
  • /16

    $5,800 Per Month

    • 4 Beds
    • 3.5 Baths
    • 2,124 Sq Ft
    • Beautiful 4 bedroom, 3.5 bathroom home in San Luis Obispo!

    3286 Lavender Ln, San Luis Obispo, CA 93401

    Beautiful, modern and upscale living in this gorgeous 4-bedroom house in the Avivo Townhomes. Perfectly situated near Duncan Alley. This property boasts a spacious layout with hard floors throughout, offering a sleek and modern aesthetic. The home comes equipped with two refrigerators, ensuring ample space for all your culinary needs. The convenience of an in-house washer and dryer is also

    3286 Lavender Ln, San Luis Obispo, CA 93401
  • /27

    $6,500 Per Month

    • 4 Beds
    • 3 Baths
    • 2,700 Sq Ft
    • Exceptional New Construction Single-Level 4 Bedroom SLO View Home with Roof Deck

    3001 Bahia Ct, San Luis Obispo, CA 93401

    This luxury new-construction 4 bedroom, 3 bathroom home in San Luis Obispo's 'Banana Belt' was completed in 2021. Every room is spacious in this 3,000 square foot single level home. The north wing of the house has a bedroom and full bathroom with private entrance off the lower deck which makes it an ideal office or guest bedroom. There are hardwood floors throughout the open floor plan and a gas

    3001 Bahia Ct, San Luis Obispo, CA 93401
  • /2

    $4,200 Per Month

    • 3 Beds
    • 2 Baths
    • Charming Historic 3bd/2ba Two Story House, Walking Distance to Downtown SLO

    462 Dana St, San Luis Obispo, CA 93401

    Charming historic 3bd, 2ba two story home. Adjacent to Downtown SLO, has an updated kitchen, and two large, tree covered yard areas. Landscaping included with the cost of rent. All utilities are the tenant’s responsibility. The house is well maintained by the property owner and suitable for up to four occupants (max). No Pets , No Smoking, No Parties (No Exceptions). $4400/month. DO NOT

    462 Dana St, San Luis Obispo, CA 93401
  • /20

    $4,600 Per Month

    • 3 Beds
    • 2 Baths
    • 1,574 Sq Ft
    • Single-Level in the Anholm Tract Downtown SLO with A/C and Great Backyard

    136 Lincoln St, San Luis Obispo, CA 93405

    This single-level, three-bedroom house in the desirable Anholm District has been lovingly maintained by the owner for many years. The main house has beautiful, original hardwood floors and there is an enclosed back patio conversion that offers an additional living room space or 4th bedroom. The mature landscaping of the large backyard creates a private oasis in a quiet neighborhood near downtown

    136 Lincoln St, San Luis Obispo, CA 93405
  • /9

    $3,500 Per Month

    • 2 Beds
    • 2 Baths
    • 1,025 Sq Ft
    • Upgraded 2 Bedroom, 2 Bathroom Cedar Creek Condo by Cal Poly

    45 Stenner St, San Luis Obispo, CA 93405

    This 2 Bedroom 2 Bathroom Cedar Creek Condo is located on the second level.Each bedroom has two closets and there are two full bathrooms making it easy to accommodate 4 tenants.The interior has been nicely updated with laminate wood floors in the main living areas and carpet in the bedrooms. The kitchen and bathroom counters have been upgraded to granite. Refrigerator, dishwasher

    45 Stenner St, San Luis Obispo, CA 93405
  • /22

    $5,600 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,800 Sq Ft
    • Stoneridge Garden Home with Air Conditioning *Available August 2026

    585 Bluerock Dr, San Luis Obispo, CA 93401

    This renovated 4-bedroom, 2.5-bath home in the desirable Stoneridge community offers spectacular views of the surrounding hills. A valuable and unique feature of this home design is its 5 separate outdoor patio garden areas. The primary bedroom is spacious and includes one of the private outdoor spaces. The updated kitchen has granite countertops and stainless-steel appliances. There is a two-car

    585 Bluerock Dr, San Luis Obispo, CA 93401
  • /16

    $3,100 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,410 Sq Ft
    • House for Rent

    838 Tarragon Ln, San Luis Obispo, CA 93401

    2 bedroom, 2.5 bath condo on the East side of San Luis Obispo with an attached tandem 2 car garage. This unit features 2 master bedrooms, each with a full bath and balcony. Includes granite countertops, hardwood and tile flooring throughout, plantation shutters, and central heating and air conditioning! Conveniently located near shopping centers and restaurants. Appliances included: Stainless

    838 Tarragon Ln, San Luis Obispo, CA 93401
  • /36

    $4,500 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,883 Sq Ft
    • 4 bedroom 2.5 bathroom condo in Broad Street Village Complex

    3591 Sacramento Dr, San Luis Obispo, CA 93401

    Beautiful corner unit in the highly desirable Broad Street Village. This spacious condo boasts a large floor plan, with 4 bedrooms and 2.5 bathrooms. Spacious and open kitchen and dining area has newer luxury vinyl plank flooring. Features a well-appointed kitchen with granite countertops, updated appliances, cabinets galore, and expansive counter spaces. The primary bedroom includes a balcony

    3591 Sacramento Dr, San Luis Obispo, CA 93401
  • /19

    $3,300 Per Month

    • 2 Beds
    • 2 Baths
    • 1,050 Sq Ft
    • House for Rent

    85 Stenner St, San Luis Obispo, CA 93405

    Bright & Convenient 2BD/2BA Downstairs Unit in Cedar Creek Enjoy comfortable living in this well-located downstairs apartment just steps from the pool. The home features two full bathrooms, two private patios, and two assigned parking spots. An in-unit washer/dryer is included, making daily living easy and efficient.Tenant pays all utilities except trash.No pets and no smoking.

    85 Stenner St, San Luis Obispo, CA 93405
  • /14

    $6,000 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,500 Sq Ft
    • Charming 4br/2.5ba home on acreage in Desirable Rolling Hills SLO

    445 Crestmont Dr, San Luis Obispo, CA 93401

    Available June 1st!!**Spacious 2500 square feet single level 4 bedroom 2.5 bath home on acreage.**Remodeled kitchen and dining room, new roof, new paint inside and out, hardwood floor, and newer carpet.**Family neighborhood and pet-friendly. Fully fenced with automated gates. Must get along and enjoy two great dogs that live on the property as well.**Attached

    445 Crestmont Dr, San Luis Obispo, CA 93401
  • /11

    $3,500 Per Month

    • 3 Beds
    • 2 Baths
    • 1,075 Sq Ft
    • House for Rent

    925 Madonna Rd, San Luis Obispo, CA 93405

    AVAILABLE EARLY JULY- AUGUST 2026 Located on the 3rd floor. 3 bedroom, 2 bath condo with approx 1071 sqft of living space. Appliances include: Stove, Microwave, Dishwasher, Refrigerator & Stackable Washer/Dryer. Solar assist for electricity. Tenant pays all utilities. 1 reserved parking spot. No pets and no smoking of any kind. One-year lease, Renters insurance required.Presented

    925 Madonna Rd, San Luis Obispo, CA 93405
  • /16

    $6,000 Per Month

    • 4 Beds
    • 2 Baths
    • 1,686 Sq Ft
    • Updated and Spacious 4 Bedroom in Laguna Lake

    1148 Atascadero St, San Luis Obispo, CA 93405

    This single-level 4-bedroom, 2-bathroom home in the Laguna Lake neighborhood has been extensively updated. The kitchen was expanded and offers plenty of upscale cabinet storage and counterspace with a 6-burner Viking range, a dishwasher with integrated cabinet panel and a large built-in refrigerator. Both bathrooms have been remodeled and there is a large patio conversion extension for a second

    1148 Atascadero St, San Luis Obispo, CA 93405
  • /14

    $4,000 Per Month

    • 3 Beds
    • 1 Bath
    • 3bd/1ba Updated Home off S Higuera

    124 Fontana Ave, San Luis Obispo, CA 93401

    Freshly remodeled 3 bed 1 bath home in a quiet community. Beautiful views with lots of natural light! Equidistant from grocery stores, restaurants, and downtown, this home is situated perfectly for Students and Families alike!

    124 Fontana Ave, San Luis Obispo, CA 93401
  • /20

    $3,200 Per Month

    • 2 Beds
    • 1.5 Baths
    • House for Rent

    1157 Leff St, San Luis Obispo, CA 93401

    Must See! 2-story, 2 bed, 1.5 bath hardwood floors, granite countertops, special wood decking with a/c & heating and security system. Tenant pays additional $100 per person per month for water, trash & electric. Tenant will be responsible for setting up gas. No Cosigners. NO SMOKING OF ANY KIND. NO PETS.*Renter's Insurance is required upon move in and throughout the duration of the

    1157 Leff St, San Luis Obispo, CA 93401
  • /15

    $4,000 Per Month

    • 3 Beds
    • 1 Bath
    • 1,042 Sq Ft
    • 3 Bedroom with Fenced Yard in Laguna Lake

    1946 Lima Dr, San Luis Obispo, CA 93405

    This wonderful 3-bedroom house in Laguna Lake has a wonderfully private, fenced back yard with fruit trees and a patio of the kitchen and master bedroom. The kitchen has bamboo wood flooring and there are washer and dryer hook-ups in the garage.Professionally managed by Link Real Estate Group, Inc. Lic#02180351

    1946 Lima Dr, San Luis Obispo, CA 93405
  • /16

    $3,800 Per Month

    • 3 Beds
    • 3 Baths
    • 1,500 Sq Ft
    • House for Rent

    491 N Chorro St, San Luis Obispo, CA 93405

    End unit town-home can comfortably accommodate 5 occupants. This home offers an open floor plan w/ 3 large master suites , 3 full bathrooms, approx. 1,500 sqft, private patio & balcony. Interior features incl. wood cabinets, granite slab counter tops, brushed nickel hardware, Milgard windows & Cat5 wiring. Upgraded stainless steel appliances incl. refrigerator, microwave, dishwasher, stove.

    491 N Chorro St, San Luis Obispo, CA 93405
  • /22

    $6,000 Per Month

    • 4 Beds
    • 2 Baths
    • 2,250 Sq Ft
    • 4 Bedroom House with HUGE Backyard on Historic Buchon St. Near Downtown SLO

    658 Buchon St, San Luis Obispo, CA 93401

    This incredible 4-bedroom, 2-bath house has been exceptionally maintained in the historic district near downtown San Luis Obispo. The large back yard is a unique oasis with a large deck, mature trees and views of Cerro San Luis. There is air conditioning and a long driveway to accommodate plenty of parking.Professionally managed by Link Real Estate Group, Inc. Lic#02180351

    658 Buchon St, San Luis Obispo, CA 93401
  • /13

    $4,200 Per Month

    • 2 Beds
    • 2.5 Baths
    • House for Rent

    767 Chorro St, San Luis Obispo, CA 93401

    Stunning Brand New 2 Bed, 2.5 Bath Townhouse in Downtown SLOLive in luxury at 767 Chorro Street, perfectly situated in the heart of San Luis Obispo. This pristine, never-lived-in townhouse blends modern design with premium eco-friendly features.Property Highlights:Bedrooms: 2 spacious suitesBathrooms: 2.5 modern bathsParking: Private attached garagePower: Solar

    767 Chorro St, San Luis Obispo, CA 93401

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Frequently Asked Questions

How much does it cost to rent a single-family home in San Luis Obispo, CA?
The median rent for a single-family home in San Luis Obispo, CA is $4,325 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in San Luis Obispo, CA?
To comfortably afford the median rent in San Luis Obispo, CA, a household needs to earn roughly $137,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,425 per month in San Luis Obispo, CA, renters typically need to show $10,275 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in San Luis Obispo, CA?
In San Luis Obispo, CA, the price-to-rent ratio is 26.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in San Luis Obispo, CA are best for renting a single-family home?
The best neighborhood for renting in San Luis Obispo, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Cayucos, Meadow Park, Downtown San Luis Obispo, Santa Rosa and Highland, each with its own character and price range.

Rental Home Trends in San Luis Obispo, CA

Rental Home Trends

Number of Houses for Rent
53
Median Single Family Home Rent
$4,325
Median 3 Bedroom Single Family Home Rent
$4,325
Median 4 Bedroom Single Family Home Rent
$6,000
Median 5 Bedroom Single Family Home Rent
$8,000
How to Rent a Home