Is it OK to live in a studio apartment in Phoenix?

Yes — an efficiency or studio apartment is an awesome choice, especially for students, young professionals, or minimalists. With the lower rent and smaller size, a Phoenix studio rental is budget friendly and easy to maintain. This allows you to save time and resources, giving you more chances to explore all that this vibrant city offers.

Where is the most affordable place to live in Phoenix?

Phoenix boasts a large range of affordable neighborhoods, so if you’re looking for a Phoenix studio apartment on a budget, here are a few options: – North Mountain : This area takes advantage of McDowell Mountain Regional Park's breathtaking desert landscape. Here, you’ll be able to enjoy a myriad of outdoor activities, from golf to hiking to picnics. – Maryvale : This neighborhood is a diverse, historical area near downtown Phoenix’s recreation facilities and restaurants. – South West Valley : This expansive area offers a blend of affordable residences with the welcoming atmosphere of a close-knit community.

How much does it cost to live comfortably in Phoenix?

Generally, Phoenix is about on par with the national average when it comes to the cost of living . But it’s been on a downward trend recently, which is great news for new and existing residents alike. In fact, the city is among the most affordable places to live in Arizona . If you’re ready to find an apartment in Phoenix, you can expect median prices to be around: - 1BR : $1,150/month - 2BR : $1,371/month To live comfortably, tenants should spend no more than 30% of their monthly income on rent. That means if someone wants to rent a one-bedroom apartment in Phoenix, they should earn $3,450 per month, or $41,400 annually.

Start your Phoenix search

How many bedrooms do you need?

Studio Apartments for Rent in Phoenix, AZ

183 rentals available

Escape
$1,445
4700 N 16th St, Phoenix, AZ 85016
(602) 497-2986
16 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Luxury Living
Experience luxury and convenience in Phoenix's prime spot.
Escape Apartment Homes in Phoenix offer luxurious living with a prime location. Residents enjoy diverse floor plans, modern amenities, and convenience with eateries and entertainment nearby. Cats and dogs find a home here too, with dedicated play areas.
Recently updated units
Verified listing
Verified
Lore South Mountain
$1,059
13021 South 48th Street, Phoenix, AZ 85044
(534) 248-6859
Rent Savings
42 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Putting green, Patio / balcony, Granite counters, Hardwood floors, Dishwasher + more
Pet Paradise
Resort-style amenities with great local access.
Lore South Mountain offers a luxurious living experience with its superior amenities and resort-inspired services. Located in Ahwatukee, residents enjoy easy access to both local hotspots and peaceful retreats, making it an ideal location for a dynamic lifestyle. The property features spacious units equipped with full-sized washers and dryers, making everyday life convenient.
Recently updated units
Verified listing
Verified
The Cascades Apartments
$1,330
3550 East Campbell Avenue, Phoenix, AZ 85018
(765) 885-6193
Rent Savings
5 units available
Studio • 2 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, 24hr maintenance, Parking, Recently renovated + more
Recently updated units
Verified listing
Verified
The Grayson on the Rail
$1,140
5300 E Washington St, Phoenix, AZ 85034
(314) 912-1556
Rent Savings
22 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance, Carport + more
Lifestyle Oasis
Experience vibrant living near key Phoenix attractions.
The Grayson on the Rail offers a vibrant lifestyle with convenient access to Phoenix's local attractions. Residents enjoy a variety of amenities, including a pool and a 24-hour gym, making relaxation and fitness easily accessible. Additionally, cats and dogs are warmly welcomed in the pet-friendly environment.
Recently updated units
Verified listing
Verified
Coral Gardens
Ask for price
3230 East Roosevelt Street, Phoenix, AZ 85008
(602) 461-7165
Contact for Availability
Amenities
On-site laundry, Parking, Pool, and Clubhouse
Verified listing
Verified
Camino Tomas
$1,193
4630 E Thomas Rd, Phoenix, AZ 85018
(602) 353-7832
8 units available
Studio • 1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Gym, Pool + more
Recently updated units
Verified listing
Verified
5320 N 16th Street unit: 205
$1,878
5320 North 16th Street, Phoenix, AZ 85014
(480) 313-2246
1 unit available
Studio
Amenities
Range
Recently updated units
2701 N 16TH Street unit: 210
$1,700
2701 North 16th Street, Phoenix, AZ 85006
(602) 266-1238
1 unit available
Studio
Amenities
Parking, Some paid utils, and Internet access
Recently updated units
8821 N 7TH Street unit: 305
$600
8821 North 7th Street, Phoenix, AZ 85020
(623) 313-5142
1 unit available
Studio
Amenities
Parking, Some paid utils, Internet access, and Refrigerator
Recently updated units
1714 W Cochise Dr
$1,850
1714 West Cochise Drive, Phoenix, AZ 85021
(480) 295-0710
1 unit available
Studio
Amenities
Recently renovated and Fireplace
Recently updated units
214 E MONTEREY Way
$1,000
214 East Monterey Way, Phoenix, AZ 85012
(602) 527-2929
1 unit available
Studio
Amenities
Parking and Recently renovated
Recently updated units
2815 W CAREFREE Highway unit: 113
$3,150
2815 West Carefree Highway, Phoenix, AZ 85085
(480) 213-5251
1 unit available
Studio
Amenities
Parking
Recently updated units
4220 N 20th Avenue
$2,000
4220 North 20th Avenue, Phoenix, AZ 85015
(602) 999-9168
1 unit available
Studio
Amenities
Parking and Conference room
Stylish Charm
Furnished medical suites with modern midcentury flair.
Experience the charm of midcentury modern design with these beautifully furnished medical suites in Phoenix. Residents appreciate the proximity to the vibrant Biltmore area, offering a stylish living experience with easy access to chic venues and shopping. Each suite comes with access to thoughtfully revitalized communal outdoor spaces, perfect for relaxation.
Recently updated units
2328 E OSBORN Road
$3,500
2328 East Osborn Road, Phoenix, AZ 85016
(602) 717-5115
1 unit available
Studio
Amenities
Patio / balcony, Dishwasher, Pet friendly, Parking, Stainless steel, and Conference room
Recently updated units
712 W Fillmore St Apt C
$995
712 West Fillmore Street, Phoenix, AZ 85007
(623) 930-7700
1 unit available
Studio
Amenities
On-site laundry, Pet friendly, and All utils included
Recently updated units
510 W. Fillmore #14
$900
510 West Fillmore Street, Phoenix, AZ 85003
(602) 327-6813
1 unit available
Studio
Amenities
On-site laundry, Hardwood floors, Pet friendly, Parking, Coffee bar, Air conditioning + more
Recently updated units

More Rental Options

Bedrooms

1 Bedroom Apartments in Phoenix (486)

Price

Amenities

Property Type

Phoenix Short-term Apartments (181)

Find Studio Apartments in Phoenix

Whether you’re spending time in the city or exploring natural wonders, you’ll never be bored living in Phoenix, Arizona. Outdoor enthusiasts will love Phoenix’s proximity to the Grand Canyon or Papago Park. And if you’re interested in the nightlife, head to the Crescent Ballroom for some live music and from-scratch cooking.

Between cultural events in Heritage Square, professional sports at the Footprint Center, and specialty museums like the Arizona Science Centre, there’s an attraction for every taste and lifestyle.

With so much going on, the city is experiencing a hot real estate market, especially if you’re a young professional seeking studios in Phoenix, Arizona. To find your dream home, you need a better house-hunting strategy than typing “studio apartments for rent near me” into Google.

Thankfully, there’s Apartment List. Whether you’re looking to live in one of the city’s bustling hubs or a more sedate suburb close to outdoor attractions, we can help you find your ideal studio apartment for rent in Phoenix.

Simply download the app from Google Play or the App Store and complete the Renter Quiz. Our AI will match rentals to your specifications, whether you’re looking for hardwood floors, air conditioning, or a dog-friendly unit. In no time, you’ll be booking a tour of the perfect Phoenix studio rental from the palm of your hand.

It’s fast and easy, so you can start enjoying life in the Valley of the Sun.

Frequently Asked Questions (FAQs)

Phoenix boasts a large range of affordable neighborhoods, so if you’re looking for a Phoenix studio apartment on a budget, here are a few options:
– North Mountain: This area takes advantage of McDowell Mountain Regional Park's breathtaking desert landscape. Here, you’ll be able to enjoy a myriad of outdoor activities, from golf to hiking to picnics.
– Maryvale: This neighborhood is a diverse, historical area near downtown Phoenix’s recreation facilities and restaurants.
– South West Valley: This expansive area offers a blend of affordable residences with the welcoming atmosphere of a close-knit community.
Generally, Phoenix is about on par with the national average when it comes to the cost of living. But it’s been on a downward trend recently, which is great news for new and existing residents alike. In fact, the city is among the most affordable places to live in Arizona.
If you’re ready to find an apartment in Phoenix, you can expect median prices to be around:
- 1BR: $1,150/month
- 2BR: $1,371/month
To live comfortably, tenants should spend no more than 30% of their monthly income on rent. That means if someone wants to rent a one-bedroom apartment in Phoenix, they should earn $3,450 per month, or $41,400 annually.