Cheap Apartments for Rent in 93401
119 rentals
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PET FRIENDLY$1,900 - $2,350/mo
Studio-2 Beds
1 BathThe Downtown Terrace (550 Higuera Street) | 550 Higuera St,
San Luis Obispo, CA 93401
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NEW - 20 HRS AGOAPPLY INSTANTLY
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PET FRIENDLY$2,495 - $3,895/moStudio-2 Beds1-3 BathsVintage at SLO | 3554 Ranch House Rd,
San Luis Obispo, CA 93401
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Average Rent Trends in 93401
Rent in 93401 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $2,600 |
| Dec 2025 | $2,950 |
| Jan 2026 | $2,965 |
| Feb 2026 | $3,100 |
| Mar 2026 | $3,293 |
| Apr 2026 | $3,000 |
| May 2026 | $3,000 |
| Jun 2026 | $2,900 |
| Jul 2026 | $2,975 |
| Aug 2026 | $2,925 |
| Sep 2026 | $2,850 |
| Oct 2026 | $3,000 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,100 | $2,900 | $3,900 | $4,400 | $3,000 |
| Townhomes | $2,500 | $3,200 | $3,200 | — | $3,200 |
| Apartments and Condos | $2,100 | $2,600 | $4,200 | $4,500 | $2,425 |
| Houses | $2,500 | $4,200 | $4,025 | $4,800 | $4,200 |
Frequently Asked Questions about Rentals in 93401
- What is the average rent of an apartment in 93401?The average rent of an apartment in 93401 is $2,825 per month. This is about 46% higher than the national average.
- What are the cheapest months to find an apartment to rent in 93401?Last year, the cheapest month to find an apartment to rent was Sep 2025 when it was $2,550 per month.
- How many cheap apartments are available in 93401?There are 66 apartments to rent that are cheaper than the city’s average rent of $3,000.
- When is the average rent most expensive in 93401?In the last year, the average rent in 93401 was highest in Feb 2025 when it was $2,950 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 93401?The average rent of a 1 bedroom apartment in 93401 is $2,100 per month. That is about $250 more than the cost of a studio apartment.
- What are some cities near 93401?Some nearby cities include: San Luis Obispo, Pismo Beach, Avila Beach, Grover Beach, Arroyo Grande, Los Osos. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 93401 - 142 Rentas | Trulia