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

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Studio Apartments for Rent in Phoenix, AZ

192 rentals available

1 of 17
$0 First month rent - Near Grand Canyon University!
$795
5517 North 27th Drive, Phoenix, AZ 85017
(480) 966-2170
1 unit available
Studio
Amenities
In unit laundry, Pet friendly, Parking, Recently renovated, Stainless steel, and Some paid utils
Recently updated units
1 of 4
918 N 24TH Street
$10,950
918 North 24th Street, Phoenix, AZ 85006
(480) 228-1451
1 unit available
Studio
Amenities
Parking
Recently updated units
330 West Tonopah Drive
$1,500
330 West Tonopah Drive, Phoenix, AZ 85027
(623) 695-2005
1 unit available
Studio
Recently updated units
1804 W Roma Ave. - Guest House
$1,100
1804 West Roma Avenue, Phoenix, AZ 85015
(602) 327-6813
1 unit available
Studio
Amenities
In unit laundry, Patio / balcony, Pet friendly, Carport, Air conditioning, Ceiling fan + more
Recently updated units
1301 W Monroe St
$1,099
1301 West Monroe Street, Phoenix, AZ 85007
(480) 999-3960
1 unit available
Studio
Amenities
In unit laundry, Dishwasher, and Coffee bar
Historic Charm
Charming retreat in vibrant, artsy district
Nestled in the historic Woodland District, this property offers a unique blend of old-world charm and modern living. Residents rave about its proximity to downtown Phoenix's cultural hotspots, including galleries, bars, and the popular First Friday events that enliven the community. The convenience of nearby public transportation enhances the appeal, making city exploration a breeze.
Recently updated units
1212 E Osborn Road
$2,000
1212 East Osborn Road, Phoenix, AZ 85014
(623) 206-0557
1 unit available
Studio
Amenities
Parking, Conference room, and Internet access
Recently updated units
18205 N 51ST Avenue
$4,610
18205 North 51st Avenue, Phoenix, AZ 85308
(602) 717-1226
1 unit available
Studio
Amenities
Parking, Recently renovated, and Conference room
Recently updated units
3838 N 7TH Street
$2,500
3838 North 7th Street, Phoenix, AZ 85012
(480) 750-9671
1 unit available
Studio
Amenities
Parking, Hot tub, and Refrigerator
Recently updated units
8233 W INDIAN SCHOOL Road
$1,850
8233 West Indian School Road, Phoenix, AZ 85033
(480) 560-5759
1 unit available
Studio
Recently updated units
1102 W Cochise Dr
$1,095
1102 West Cochise Drive, Phoenix, AZ 85021
(602) 903-7286
1 unit available
Studio
Amenities
Dishwasher, Recently renovated, Air conditioning, and Microwave
Recently updated units
112 N Central Avenue
$10,306
112 North Central Avenue, Phoenix, AZ 85003
(602) 842-4242
1 unit available
Studio
Amenities
W/D hookup, Garage, Recently renovated, Some paid utils, and Internet access
Recently updated units
8225 W INDIAN SCHOOL Road
$990
8225 West Indian School Road, Phoenix, AZ 85033
(480) 560-5759
1 unit available
Studio
Recently updated units
1502 S 16TH Street
$3,350
1502 South 16th Street, Phoenix, AZ 85034
(480) 980-5267
1 unit available
Studio
Amenities
Parking
Recently updated units
4401 N 16TH Street
$2,500
4401 North 16th Street, Phoenix, AZ 85016
(480) 750-9671
1 unit available
Studio
Amenities
Parking
Recently updated units
475 North 9th Street - 314Unit 314
$1,750
475 North 9th Street, Phoenix, AZ 85006
(602) 529-2629
1 unit available
Studio
Amenities
Patio / balcony, Dishwasher, Pet friendly, Carport, Walk in closets, Air conditioning + more
Historic Charm
Luxury living in Garfield's historic heart.
Located in the vibrant Garfield neighborhood, this luxurious apartment offers upgraded interior features such as stainless steel appliances and quartz counters. Residents love the easy access to Downtown Phoenix's lively cultural scene. Enjoy convenient transportation options including proximity to the light rail for effortless commuting.
Recently updated units
1805 W VAN BUREN Street
$2,850
1805 West Van Buren Street, Phoenix, AZ 85007
(646) 206-0905
1 unit available
Studio
Amenities
Parking and Range
Recently updated units

More Rental Options

Bedrooms

1 Bedroom Apartments in Phoenix (520)

Price

Amenities

Property Type

Phoenix Short-term Apartments (189)

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.