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.

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Studio Apartments for Rent in Phoenix, AZ

183 rentals available

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
5135 W Southern Avenue
$6,000
5135 West Southern Avenue, Phoenix, AZ 85339
(602) 363-5058
1 unit available
Studio
Recently updated units
3933 E EDNA Avenue unit: 102
$3,202
3933 East Edna Avenue, Phoenix, AZ 85032
(623) 205-7725
1 unit available
Studio
Amenities
Parking and Accessible
Prime Location
Conveniently Located Medical Office Suite
This medical office suite is perfectly positioned near key facilities, offering easy connectivity for both professionals and patients. The area is cherished for its well-maintained parks and green spaces, ideal for relaxation and outdoor activities. The neighborhood is praised for its friendly atmosphere and safety, creating an inviting and professional setting for medical practices.
Recently updated units
515 W Buckeye Road unit: 405
$2,240
515 West Buckeye Road, Phoenix, AZ 85007
(602) 703-2038
1 unit available
Studio
Amenities
Parking and Recently renovated
Central Hub
Modern office suites in prime downtown Phoenix location.
Located near Downtown Phoenix, this property offers contemporary office spaces that have been recently renovated. The move-in ready suites are complemented by a convenient first-floor café and highlighted by on-site security for peace of mind. Easy access to city amenities makes it a fantastic spot for varied business needs.
Recently updated units
1417-1421 E WASHINGTON Street
$6,570
1417 East Washington Street, Phoenix, AZ 85034
(646) 206-0905
1 unit available
Studio
Amenities
Garage and Recently renovated
Recently updated units
2619 N 3RD Street
$6,750
2619 North 3rd Street, Phoenix, AZ 85004
(480) 425-9300
1 unit available
Studio
Amenities
Parking
Recently updated units
4102 N 3RD Avenue
$7,800
4102 North 3rd Avenue, Phoenix, AZ 85013
(480) 685-2760
1 unit available
Studio
Amenities
Parking and Air conditioning
Modern Convenience
Central Phoenix location with stellar amenities.
Located in the vibrant Central Avenue Corridor of Phoenix, this property offers excellent visibility and substantial car counts, making it an ideal choice for retail or flex space. Residents love the modern features, including a new HVAC system and spacious layouts, contributing to an enhanced living experience. The management team receives high praise for their responsiveness and commitment to maintaining clean, welcoming facilities.
Recently updated units

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1 Bedroom Apartments in Phoenix (486)

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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.

Studio Apartments for Rent in Phoenix, AZ

8233 W INDIAN SCHOOL Road

5135 W Southern Avenue

3933 E EDNA Avenue unit: 102

515 W Buckeye Road unit: 405

1417-1421 E WASHINGTON Street

2619 N 3RD Street

4102 N 3RD Avenue