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ZIP Code · CA

ZIP 93405

Pop. 25,002·San Luis Obispo County·225th most expensive ZIP in California
Median rent (all units)
$3,361/mo
Year-over-Year
-12.7%
Month-over-Month
-5.2%
vs US Median
+$1,399
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 93405 · $3,361
More expensive than 94% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,900
1 BR
$2,100
2 BR
$2,750
3 BR
$3,690
4 BR+
$4,230
Research median
$2,750/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$40,332/yr
At $3,361/mo median
Location
StateCA
CountySan Luis Obispo County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 12.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-12.7% YoY, -5.2% MoM), not inventory.
Demographics

Who lives here

ZIP 93405 (San Luis Obispo, CA) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 54.8% of residents hold a bachelor's degree or higher.

Population
25,002
Median income
$60,399
Median age
22.6
Renters
65.3%
Age distribution
63.7%
Under 187.5%
18–3463.7%
35–5410.4%
55–646.5%
65+11.9%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
73.9%
16.3%
White73.9%
Black1%
Hispanic16.3%
Asian6.7%
Other2%
Education (25+)
29.1%
54.8%
No HS diploma4.4%
HS diploma11.7%
Some college29.1%
Bachelor's+54.8%
Housing tenure
34.7%
65.3%
Owner34.7%
Renter65.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 93405 in San Luis Obispo, CA has changed in 5 years

Income
$49,678 → $60,399
up 21.6%
Population
25,081 → 25,002
down 0.3%
Renter share
65.4% → 65.3%
-0.1 pts
Bachelor's+
51.1% → 54.8%
+3.7 pts

Median household income rose from $49,678 to $60,399 between 2021 and 2024, a 21.6% shift. College-educated residents now make up 54.8% of adults here, versus 51.1% in 2021.

Community

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Local insights

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About renting in ZIP 93405

Last updated: August 17, 2026

ZIP code 93405 covers San Luis Obispo, CA. The median rent here is $3,361/mo as of August 2026. A 1-bedroom rents for a median of $2,100/mo. A 2-bedroom rents for a median of $2,750/mo.

At 67% of local median household income ($60,399/yr), ZIP 93405 ranks as expensive compared to the national benchmark of 30%. Rents have decreased 12.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 93405?

As of August 17, 2026, the median monthly rent in ZIP 93405 (San Luis Obispo, CA) is $3,361. This is based on aggregated data from public sources and community submissions.

How does ZIP 93405 rent compare to the US average?

ZIP 93405's median rent of $3,361/mo is $1,399 (71%) above the US national median of $1,962/mo.

How does ZIP 93405 compare to other ZIPs in California?

ZIP 93405 is one of the pricier ZIP codes in California, ranking #225 out of 897 ZIPs tracked at $3,361/mo.

How much income do you need to rent in ZIP 93405?

To keep rent at or below 30% of gross income, you would need to earn at least $134,000/year (~$64/hour full-time) to afford the median rent of $3,361/mo in ZIP 93405. The local median household income is $60,399/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 93405?

Rent in ZIP 93405 has decreased 12.7% over the past year as of August 17, 2026, offering some relief compared to 12 months ago.

Is ZIP 93405 an affordable place to rent?

ZIP 93405 is considered expensive for renters. At $3,361/mo, rent takes approximately 67% of the local median household income ($60,399/yr). The standard benchmark is 30%. ZIP 93405 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 93405 residents rent vs. own?

According to Census data, approximately 65.3% of ZIP 93405 households are renters, while 34.7% are owner-occupied. With a majority renter population, ZIP 93405 has a strong rental market.

How does ZIP 93405 compare to the rest of San Luis Obispo?

ZIP 93405 is pricier than San Luis Obispo as a whole. At $3,361/mo, it's $413 above the San Luis Obispo citywide median of $2,948/mo.

When was rent data for ZIP 93405 last updated?

Rent data for ZIP 93405 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
67%
EXPENSIVE

At $3,361/mo, rent takes ~67% of ZIP 93405's median household income ($60,399/yr). The standard benchmark is 30%.

ZIP 93405 67%Benchmark 30%
State income tax1–13.3%
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Public schools near ZIP 93405 (San Luis Obispo, CA)

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