Chico vs San Luis Obispo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Chico is 53% cheaper for renters. A 2-bedroom rents for $1,059/mo vs $1,623/mo in San Luis Obispo — saving $6,768/year.
Rent by Unit Size
| Unit Size | Chico | San Luis Obispo | Difference |
|---|---|---|---|
| Studio | $698 | $1,065 | $367 |
| 1 Bedroom | $859 | $1,360 | $501 |
| 2 Bedrooms | $1,059 | $1,623 | $564 |
| 3 Bedrooms | $1,354 | $2,039 | $685 |
| 4 Bedrooms | $1,491 | $2,372 | $881 |
| Median Income | $66,884 | $94,761 | $27,877 |
Chico
- Studio
- $698/mo
- 1 BR
- $859/mo
- 2 BR
- $1,059/mo
- 3 BR
- $1,354/mo
- 4 BR
- $1,491/mo
- Median Income
- $66,884/yr
San Luis Obispo
- Studio
- $1,065/mo
- 1 BR
- $1,360/mo
- 2 BR
- $1,623/mo
- 3 BR
- $2,039/mo
- 4 BR
- $2,372/mo
- Median Income
- $94,761/yr
Frequently Asked Questions
Is Chico or San Luis Obispo cheaper to rent in?
Chico is cheaper — a 2-bedroom Fair Market Rent is $1,059/mo vs $1,623/mo in San Luis Obispo. That's $564/mo or $6,768/year more expensive in San Luis Obispo (53% higher).
What is the 2-bedroom rent in Chico vs San Luis Obispo?
The HUD Fair Market Rent for a 2-bedroom in Chico is $1,059/month. In San Luis Obispo, a 2-bedroom FMR is $1,623/month.
How do incomes compare between Chico and San Luis Obispo?
The median household income in Chico is $66,884/year. In San Luis Obispo it is $94,761/year. San Luis Obispo has the higher median income.
What is the studio rent in Chico vs San Luis Obispo?
A studio apartment Fair Market Rent in Chico is $698/mo. In San Luis Obispo it is $1,065/mo.