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Updated 2 hours ago

The Downtown Terrace (550 Higuera Street)


550 Higurera St San Luis Obispo, CA

Studio - 2 Bed
•
1 Bath

575 - 745 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,900
575 ft2
2 Available
Managed By: Era Management Co., Inc
17A
$1,900
Available Now
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15A
$1,900
Available Oct 16th, 2026
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1 Bed • 1 Bath
$1,950 - $2,100
500 ft2
0 Available
Managed By: Era Management Co., Inc
1bd Unit in Downtown San Luis Obispo
$2,100
Rented
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| AVAILABLE NOW | 1bd Unit in Downtown San Luis Obispo
$1,950
Rented
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11B
$1,950
Rented
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18B
$1,950
Rented
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21B
$1,950
Rented
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15B
$1,950
Rented
View
17B
$2,000
Rented
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14B
$2,000
Rented
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13B
$2,000
Rented
View
12B
$2,000
Rented
View
2 Beds • 1 Bath
$2,350
625 ft2
1 Available
Managed By: Era Management Co., Inc
30B
$2,350
Available Oct 15th, 2026
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View Rented Units
2 Beds • 1 Bath
$2,250
745 ft2
1 Available
Managed By: Era Management Co., Inc
29A
$2,250
Available Nov 2nd, 2026
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View Rented Units
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:

1900 - 2350

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 2 hours ago
Contact Number: (805) 439-9650
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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.
Studio
Suggested income:
$68,400
per year
2 Bedroom
Suggested income:
$82,800
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
Studio
$1,900
$1,540
$0
$650
$1,300
$1,950
$2,600
2BR
$2,300
$2,962
$0
$1,000
$2,000
$3,000
$4,000

The Downtown Terrace (550 Higuera Street) is asking 23% more than the average studio apartment in San Luis Obispo.

If you upsized to an average priced San Luis Obispo 1 bedroom apartment, you would pay 20% more per month.

The Downtown Terrace (550 Higuera Street) provides 18% more square footage than the average San Luis Obispo studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Downtown Terrace (550 Higuera Street)
Studio $1,900 $3.30 $5,700
2BR $2,300 $3.40 $6,900
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 49 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
12% 25% 31% 18% 10%
Available Units in San Luis Obispo
Studio 19
1BR 40
2BR 49
3BR 28
4BR 16
Location
Nearby Colleges

California Polytechnic State University-San Luis Obispo

Cuesta College

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. 1 unit is vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 575 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 studio 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 $1,900 to $2,350. The Downtown Terrace (550 Higuera Street) has studio units available starting at $1,900 and 2 bedroom units available starting at $2,250.
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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