5 rentals in San Luis Obispo
Rental Listings in San Luis Obispo, TN
About San Luis Obispo, TN Real Estate
San Luis Obispo is a city in and the county seat of San Luis Obispo County, California, United States. Located on the Central Coast of California, San Luis Obispo is roughly halfway between the San Francisco Bay Area in the north and Greater Los Angeles in the south. The population was 47,063 at the 2020 census.
San Luis Obispo is a charming Central Coast city home to Cal Poly. Consistently ranked among happiest cities with excellent quality of life.
Today, San Luis Obispo has 5 homes for rent at a median rent of $3,375/mo, typically leasing in about 104 days. Families here choose from 9 schools rated 8 or higher on the Topfind School Score.
Top Rated Schools in San Luis Obispo
Powered by the Topfind School Score
- 10Teach Elementaryelementary
- 9Bishop's Peak Elementaryelementary
- 9C L Smith Elementaryelementary
- 9Laguna Middleintermediate/middle/junior high
- 9Los Ranchos Elementaryelementary
- 9San Luis Obispo Highhigh school
Why Live in San Luis Obispo?
- Cal Poly
- Happiest city
- Downtown charm
- Wine country access
Popular Neighborhoods in San Luis Obispo
San Luis Obispo Rental Pulse
Median Rent
$3,000/mo
Months of Rental Inventory
Estimated time to lease all rentals at the current leasing pace
0.3 months of supply
Landlord's MarketWith only 5 active rentals, supply is tight.
What this means for renters
Rental inventory is tight relative to how many homes get leased each month—fewer options, and well-priced units draw competition. Rentals typically lease in ~104 days.
Rental Velocity
How fast rentals are leasing
Rentals are sitting on the market—renters have strong leverage to negotiate rent, terms, and move-in specials. Leasing 22% faster than 6 months ago.
Rental Inventory Distribution
Rentals are taking longer to lease—a larger share of listings remain on the market beyond 30 days, giving renters more leverage.
Housing Tenure in San Luis Obispo
Renting is more common here than statewide—this market has more rental inventory and transient residents.
39%
Homeowners
61%
Renters
Homeownership is 16.5% lower than the California average (55.5%)
20,005 households (2023)
Median Rent by Bedroom
Rent increases with bedroom count, with moderate premiums for additional space.
Each additional bedroom adds about $700/mo to rent on average, with larger units commanding higher premiums.
Largest increase: 3 → 4 bedrooms (+$1,125/mo)
Rent Reductions
4 listings have reduced their rent
80% of active listings
Average reduction: 20.3% (~$685/mo)
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