San Luis Obispo Fair Market Rent 2026
HUD Fair Market Rent data for the San Luis Obispo metropolitan area. Median household income: $94,761/year. Vacancy rate: 6.8%.
2BR FMR
$1,623/mo
Median Income
$94,761
Vacancy Rate
6.8%
Rent Burden
20.6%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $94,761/year can afford up to $2,369/mo in rent.
The 2BR FMR of $1,623/mo represents 20.6% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 6.8% in San Luis Obispo indicates a moderate rental market. A balanced market with reasonable availability for renters.
Frequently Asked Questions
What is the average rent in San Luis Obispo?
The 2026 HUD FMR for a 2-bedroom in the San Luis Obispo metro area is $1,623/month. 1BR: $1,360, 3BR: $2,039.
What is the vacancy rate in San Luis Obispo?
The rental vacancy rate in San Luis Obispo is 6.8%. A rate below 5% typically indicates a tight rental market.
Is San Luis Obispo affordable for renters?
With a median income of $94,761 and 2BR rent at $1,623/mo, rent takes about 21% of income in San Luis Obispo.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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