Average Rent in San Luis Obispo, CA

San Luis Obispo rentals average $2 for a studio rental to $5,000 for a 4-bedroom rental. The median price of all currently available listings is $4,050, or roughly $37 per square feet.

For the apartment units and housing in June 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $2 to $2. 1-bedroom rentals prices have increased by $639 (33.43%) year-over-year from $1,911 to $2,550. 2-bedroom rentals prices have increased by $1,408 (53.31%) year-over-year from $2,642 to $4,050. 3-bedroom rentals prices have increased by $975 (26.00%) year-over-year from $3,750 to $4,725. 4-bedroom rentals prices have decreased by $2,550 (-34.23%) year-over-year from $7,450 to $4,900. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 7.75% this month. 2-bedroom rents have gone up by 25.26% this month. 3-bedroom rents have gone up by 6.98% this month. 4-bedroom rents have gone down by 5.16% this month.