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 15
1825 W KNUDSEN Drive
$14,047
1825 West Knudsen Drive, Phoenix, AZ 85027
(623) 986-9938
1 unit available
Studio
Recently updated units
1 of 43
515 W Buckeye Road
$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
1055 E Indian School Road
$4,200
1055 East Indian School Road, Phoenix, AZ 85014
(480) 417-1767
1 unit available
Studio
Amenities
Parking and Conference room
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
1730 E MCDOWELL Road
$6,000
1730 East McDowell Road, Phoenix, AZ 85006
(602) 550-5203
1 unit available
Studio
Amenities
Parking, Clubhouse, and Range
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
15420 N 32ND Street
$896
15420 North 32nd Street, Phoenix, AZ 85032
(480) 213-5251
1 unit available
Studio
Amenities
Parking and Accessible
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
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
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
4155 W WHITTON Avenue
$2,300
4155 West Whitton Avenue, Phoenix, AZ 85019
(602) 515-6575
1 unit available
Studio
Amenities
Parking
Recently updated units
4614 N 7TH Street
$4,500
4614 North 7th Street, Phoenix, AZ 85014
(480) 443-7400
1 unit available
Studio
Amenities
Parking
Recently updated units
3333 E THUNDERBIRD Road
$2,500
3333 East Thunderbird Road, Phoenix, AZ 85032
(602) 292-0773
1 unit available
Studio
Amenities
Parking and Recently renovated
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
5135 W Southern Avenue
$6,000
5135 West Southern Avenue, Phoenix, AZ 85339
(602) 363-5058
1 unit available
Studio
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

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Bedrooms

1 Bedroom Apartments in Phoenix (502)

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Amenities

Property Type

Phoenix Short-term Apartments (186)

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.