Lafayette vs San Luis Obispo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 119% cheaper for renters. A 2-bedroom rents for $741/mo vs $1,623/mo in San Luis Obispo — saving $10,584/year.
Rent by Unit Size
| Unit Size | Lafayette | San Luis Obispo | Difference |
|---|---|---|---|
| Studio | $502 | $1,065 | $563 |
| 1 Bedroom | $626 | $1,360 | $734 |
| 2 Bedrooms | $741 | $1,623 | $882 |
| 3 Bedrooms | $958 | $2,039 | $1,081 |
| 4 Bedrooms | $1,134 | $2,372 | $1,238 |
| Median Income | $38,989 | $94,761 | $55,772 |
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/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 Lafayette or San Luis Obispo cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $1,623/mo in San Luis Obispo. That's $882/mo or $10,584/year more expensive in San Luis Obispo (119% higher).
What is the 2-bedroom rent in Lafayette vs San Luis Obispo?
The HUD Fair Market Rent for a 2-bedroom in Lafayette is $741/month. In San Luis Obispo, a 2-bedroom FMR is $1,623/month.
How do incomes compare between Lafayette and San Luis Obispo?
The median household income in Lafayette is $38,989/year. In San Luis Obispo it is $94,761/year. San Luis Obispo has the higher median income.
What is the studio rent in Lafayette vs San Luis Obispo?
A studio apartment Fair Market Rent in Lafayette is $502/mo. In San Luis Obispo it is $1,065/mo.