San Luis Obispo (SLO) Homes under $350,000

Welcome to San Luis Obispo, California – a picturesque gem nestled between the lush hills of the Central Coast and the sparkling Pacific Ocean. Known for its stunning landscapes, vibrant culture, and a community that feels like family, SLO is a place where outdoor enthusiasts, food lovers, and art aficionados can thrive. With a mild Mediterranean climate, residents enjoy year-round sunshine, perfect for exploring the nearby beaches, hiking trails, and charming downtown area filled with boutique shops and delightful eateries.

For those seeking a home in this idyllic region, you'll be pleased to know that options exist for budget-conscious buyers. In San Luis Obispo, you can find charming homes under $350,000, making it possible to embrace the SLO lifestyle without breaking the bank. These properties often feature unique architecture, cozy interiors, and the potential for personalization, allowing you to create your dream space. Whether you’re a first-time homebuyer, a savvy investor, or looking for a weekend getaway, this price range opens the door to a variety of opportunities.

Imagine waking up to the sound of birds chirping, sipping your morning coffee on your patio, and taking a leisurely stroll through the vibrant neighborhoods. With access to excellent schools, parks, and a community that celebrates local events, living in San Luis Obispo means more than just having a roof over your head; it’s about embracing a lifestyle filled with warmth, connection, and endless adventure. Discover your perfect home in SLO today and start your journey in this enchanting corner of California!

Newest San Luis Obispo (SLO) Homes under $350,000

1255 Orcutt Road Unit B13, San Luis Obispo

$159,950

2 Beds ⋅ 2 Baths ⋅ WS26208284 MLS ⋅ Active Status

Welcome to this bright and spacious manufactured home located in the desirable Colonial Manor Manufactured Home Community in San Luis Obispo. This thoughtfully designed double-wide offers 2 bedrooms and 2 bathrooms with a bright, functional layout that maximizes both comfort and space. The kitchen is equipped a convenient island, creating a modern and inviting space perfect for everyday living and gathering. Indoor laundry hookups add convenience, while the overall design offers a clean, low-maintenance lifestyle. Enjoy the ease of living in a well-maintained community with affordable space rent of just $995 per month—an excellent opportunity to own a brand new home in a prime coastal location.

1255 Orcutt Road Unit B13, San Luis Obispo

$250,000

2 Beds ⋅ 1 Baths ⋅ PI26207899 MLS ⋅ Active Under Contract Status

Live the SLO lifestyle in this charming 2-bedroom, 1-bath manufactured home located in Laguna Lake Mobile Home Estates, an all-age community in San Luis Obispo. Offering approximately 912 sq. ft. of comfortable living space, this inviting home features beautiful pine wood flooring, newer front windows, a stainless steel gas cooktop, built-in microwave, stackable washer and dryer, and a walk-in shower. Step outside and enjoy the new deck and oversized landscaped lot, providing plenty of space for entertaining, gardening, relaxing in the sun, or simply enjoying your own private outdoor retreat. A delightful storage shed adds extra convenience. Ideally located near shopping, restaurants, schools, parks, and all that San Luis Obispo has to offer. Community amenities include a heated pool, outdoor spa, sauna, weight room, billiards room, and clubhouse. Current space rent is approximately $1,100 per month and includes water, trash, sewer, and use of community facilities. An additional benefit is no traditional property taxes, with only an annual registration fee. A wonderful opportunity to enjoy the SLO lifestyle with an exceptional amount of outdoor space!

1845 Garnette, San Luis Obispo

3395 Higuera Street Unit 63, San Luis Obispo

$325,000

2 Beds ⋅ 2 Baths ⋅ SC26203352 MLS ⋅ Active Status

Located on a spacious lot in Rancho San Luis Mobile Estates, this approximately 1,400 sq. ft. two-bedroom, two-bath home has been thoughtfully renovated inside and out. The spacious interior features two separate living areas, a large primary bedroom, generous room sizes, abundant storage, and an additional bright, naturally lit room that provides even more usable space. The completely remodeled kitchen features new cabinetry, appliances, butcher-block countertops, and plenty of workspace and storage. The updated interior continues throughout the home, including a clawfoot tub that adds character to one of the bathrooms. Outside, the large landscaped yard offers plenty of room to garden, entertain, or simply enjoy the Central Coast weather. Mature fruit trees include apple, lemon, grapefruit, and blood orange, while mountain views provide a beautiful backdrop to the property. Rancho San Luis Mobile Estates is a 55+ community conveniently located near downtown San Luis Obispo, shopping, restaurants, the SLO Public Market, Trader Joe’s, and Highway 101. Community amenities include a pool, heated spa, billiard room, and event area, with Avila Beach and Pismo Beach just a short drive away. A rare combination of space, thoughtful updates, and an exceptional outdoor setting, all in a convenient San Luis Obispo location.

3395 Higuera Street Unit 63, San Luis Obispo

1004 Kerry Drive Unit 71, San Luis Obispo

$325,000

2 Beds ⋅ 2 Baths ⋅ SC26201204 MLS ⋅ Active Under Contract Status

Opportunity awaits in Laguna Lake Mobile Estates! This 2-bedroom, 2-bath manufactured home offers a functional open floor plan, with an additional sunroom. A rare attached two-car garage and extra parking space provide added convenience. The deck can be accessed from either the primary bedroom or the sunroom and leads to a fenced yard. Built in 1984, this home presents an excellent opportunity for a buyer to make updates and personalize the space to their taste. Residents of Laguna Lake Mobile Estates can enjoy a range of well-maintained community amenities, including a swimming pool and hot tub, library, two clubhouses, fitness equipment, and a community kitchen. New space rent to be *$842.64

1004 Kerry Drive Unit 71, San Luis Obispo

274 Higuera Street Unit 17, San Luis Obispo

$147,000

1 Beds ⋅ 1 Baths ⋅ OC26200573 MLS ⋅ Active Status

400 + 200 square feet, 1 bedroom + loft, 1 bath, lots of closets, vaulted ceilings, large covered porch, side porch to large fenced-in backyard, shed, driveway, gates, 3 parking spots, washer/dryer, dishwasher, AC, forced-air heater, farmhouse sink. Rent Space $1096.99. Square footage includes 200 sqft loft.

274 Higuera Street Unit 17, San Luis Obispo

$210,000

2 Beds ⋅ 1 Baths ⋅ NS26189213 MLS ⋅ Active Status

Built in 2021, this move-in ready 2-bedroom, 1-bath home offers 562 square feet of low-maintenance living in Silver City, an all-age mobile home community in San Luis Obispo. The home sits along an alleyway on the far side of the park, away from through traffic, with a covered carport and a side yard for enjoying the Central Coast's mild weather. Residents have access to a community clubhouse and swimming pool, and the park is near grocery, dining, and shopping options along South Higuera Street, with a SLO Transit bus stop close by serving routes to downtown San Luis Obispo and Cal Poly. A great option for buyers seeking an affordable, easy-to-maintain home in a convenient San Luis Obispo location.

3860 S Higuera Unit D9, San Luis Obispo

145 South Street Unit B17, San Luis Obispo

$249,950

3 Beds ⋅ 2 Baths ⋅ PI26185807 MLS ⋅ Active Under Contract Status

More space where it matters! At approximately 960 sq. ft., this 2019 Cavco West home offers nearly twice the living space of many homes in South Peak, with a hard-to-find 3-bedroom, 2-bathroom floor plan right in San Luis Obispo. Inside, the bright and open layout features vaulted ceilings and an easy flow between the living room, dining area and kitchen, plus a bonus area for a little extra flexibility. The split-bedroom design gives the primary suite its own side of the home, complete with a walk-in closet and private bath, while two additional bedrooms and a second full bath are located on the opposite side. Additional features include dual-pane windows, interior laundry with combination washer/dryer and forced-air heating and large storage shed. This unit comes with 2 parking spots, toward the back of park. Built in 2019, this home gives you the benefit of newer construction along with substantially more room to spread out than you'll typically find in the park. If you've been looking for an affordable way to call San Luis Obispo home without squeezing into a tiny space, B17 is definitely worth a look!

145 South Street Unit B17, San Luis Obispo

1255 Orcutt Road Unit B19, San Luis Obispo

$334,950

3 Beds ⋅ 2 Baths ⋅ WS26154556 MLS ⋅ Active Status

Welcome to this brand new 2026 manufactured home located in the desirable Colonial Manor Manufactured Home Community in San Luis Obispo. This thoughtfully designed single-wide offers 3 bedrooms and 2 bathrooms with a bright, functional layout that maximizes both comfort and space. The kitchen is equipped with sleek stainless steel appliances, creating a modern and inviting space perfect for everyday living. Indoor laundry hookups add convenience, while the overall design offers a clean, low-maintenance lifestyle. Enjoy the ease of living in a well-maintained community with affordable space rent of just $995 per month—an excellent opportunity to own a brand new home in a prime coastal location.

1255 Orcutt Road Unit B19, San Luis Obispo

145 South Street Unit A15, San Luis Obispo

$87,500

2 Beds ⋅ 1 Baths ⋅ SC26135077 MLS ⋅ Active Status

Presenting 145 South Street #A15, a home ideally located very near downtown San Luis Obispo. This charming 2-bed, 1-bath home can be used as an investment (after one year) or owner occupied, and offers 425 sqft of living space, all set in one of SLO’s most walkable and sought-after areas. Inside you’ll find a welcoming layout filled with natural light, and granite counters. Adding more versatility is a finished shed perfect for storage Whether you’re a homeowner, or an investor exploring potential, this location has many perks. Situated close to downtown SLO, you’re moments away from great restaurants, boutique shopping, coffee shops, and nightlife. Enjoy easy access to the city’s beloved Thursday Night Farmers Market and vibrant local culture.

145 South Street Unit A15, San Luis Obispo

145 South Street Unit A76, San Luis Obispo

$124,950

2 Beds ⋅ 1 Baths ⋅ WS26145044 MLS ⋅ Active Status

T This BRAND NEW 2-bedroom, 1-bath home features a functional layout perfect for a small family or a student room share. Come see what SLO living is all about! Space rent is $895 per month.

145 South Street Unit A76, San Luis Obispo

145 South Street Unit A79, San Luis Obispo

$94,950

2 Beds ⋅ 1 Baths ⋅ WS26145018 MLS ⋅ Active Status

This is a Park Model Home (H&S 18009.3) This BRAND NEW 2-bedroom, 1-bath home features a functional layout perfect for a small family or a student room share. Come see what SLO living is all about! Space rent is $895 per month.

145 South Street Unit A79, San Luis Obispo

145 South Street Unit A28, San Luis Obispo

$94,950

2 Beds ⋅ 1 Baths ⋅ WS26145013 MLS ⋅ Active Status

145 South Street Unit A28, San Luis Obispo

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.