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Updated 1 hour ago

The Downtown Terrace (550 Higuera Street)


550 Higurera St San Luis Obispo, CA

1 - 2 Bed
•
1 Bath

500 - 745 Sq. Ft.

Available starting Jul. 7th
Floor plans
Studio • 1 Bath
$2,125
500 ft2
0 Available
Managed By: Era Management Co., Inc
550 Higuera St Unit 15A
$2,125
Rented
View
Studio • 1 Bath
$1,850 - $1,950
575 ft2
0 Available
Managed By: Era Management Co., Inc
| AVAILABLE NOW | Upstairs Studio Apartment in Downtown SLO
$1,850
Rented
View
15A
$1,950
Rented
View
25A
$1,900
Rented
View
12A
$1,900
Rented
View
11A
$1,900
Rented
View
13A
$1,900
Rented
View
1 Bed • 1 Bath
$2,000
500 ft2
3 Available
Managed By: Era Management Co., Inc
17B
$2,000
Available Jul 10th, 2026
View
14B
$2,000
Available Jul 12th, 2026
View
13B
$2,000
Available Jul 21st, 2026
View
View Rented Units
2 Beds • 1 Bath
$2,500
745 ft2
1 Available
Managed By: Era Management Co., Inc
04A
$2,500
Available Jul 7th, 2026
View
View Rented Units
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Where you'll live
Street View
Map View
Satellite View
The Downtown Terrace (550 Higuera Street)
The Downtown Terrace (550 Higuera Street)
The Downtown Terrace (550 Higuera Street)
Location ratings
Walk Score®
90
Walker's Paradise
Transit Score®
34
Some Transit
Bike Score®
86
Very Bikeable
Amenities
On-site Laundry
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Public Transportation
Range / Oven
Microwave
High-speed Internet
Smoke-free Community
Elevator
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit:

2000 - 2500

Property details
Description

Discover this attractive apartment community in downtown San Luis Obispo, conveniently located close to downtown SLO and within easy reach of Cal Poly San Luis Obispo.
The gated community in a central location offers quick access to local shops, dining, and campus life. Ideally positioned for those seeking a well-situated residence in the heart of SLO.
The community offers a blend of studios, one bedroom, and two bedroom apartments.

Additional Details
Total Unit Count: 60
Last Updated: Updated 1 hour ago
Contact Number: (805) 439-9650
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Photos Floor Plans Amenities
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for The Downtown Terrace (550 Higuera Street) by bedroom type below.
1 Bedroom
Suggested income:
$72,000
per year
2 Bedroom
Suggested income:
$90,000
per year
Rent report

The Downtown Terrace (550 Higuera Street) Rent vs. San Luis Obispo Average

 The Downtown Terrace (550 Higuera Street)      San Luis Obispo Average
1BR
$2,000
$1,918
$0
$650
$1,300
$1,950
$2,600
2BR
$2,500
$2,962
$0
$1,000
$2,000
$3,000
$4,000

The Downtown Terrace (550 Higuera Street) is asking 4% more than the average 1 bedroom apartment in San Luis Obispo.

If you upsized to an average priced San Luis Obispo 2 bedroom apartment, you would pay 35% more per month.

If you downsized to an average priced San Luis Obispo studio apartment, you would pay 25% less per month.

The Downtown Terrace (550 Higuera Street) provides 1% more square footage than the average San Luis Obispo 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Downtown Terrace (550 Higuera Street)
1BR $2,000 $4.00 $6,000
2BR $2,500 $3.40 $7,500
San Luis Obispo Average
Studio $1,540 $3.20 $4,620
1BR $1,918 $3.90 $5,755
2BR $2,962 $3.10 $8,885
3BR $4,277 $3.30 $12,831
4BR $5,023 $2.80 $15,070

Availability in San Luis Obispo

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 65 2BR units on the market in San Luis Obispo. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
6% 30% 32% 18% 9%
Available Units in San Luis Obispo
Studio 13
1BR 62
2BR 65
3BR 37
4BR 19
Location
Nearby Colleges

California Polytechnic State University-San Luis Obispo

Cuesta College

Nearby Hospitals
Name Distance
French Hospital Medical Center 0.93 mi.
Sierra Vista Regional Medical Center 0.99 mi.
San Luis Obispo Co Psychiatric Health Facility 1.16 mi.
Nearby Fire Stations
Name Distance
San Luis Obispo County Fire Department 0.61 mi.
San Luis Obispo City Fire Department 0.83 mi.
Camp Parks Fire And Emergency Services 1.11 mi.
FAQs
Is this property currently leasing units?
Yes. There are 4 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 4 units available for move-in over the next 2 months. The soonest move-in date is July 07, 2026.
What's the square footage of the available units?
The available units range from 500 to 745 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $2,000 to $2,500. The Downtown Terrace (550 Higuera Street) has 1 bedroom units available starting at $2,000 and 2 bedroom units available starting at $2,500.
Where is this property located?
This property is at 550 Higurera St in San Luis Obispo, CA. It's 1.0 miles west from the center of San Luis Obispo.
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