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

192 rentals available

1 of 30
Joy on 4th
700 N 4th Street, Phoenix, AZ 85004
(602) 960-5953
$1,200+ moTotal price14-mo lease
17 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Vibrant Downtown
Prime Location with Luxurious Amenities
Nestled in the heart of vibrant Downtown Phoenix, Joy on 4th offers unparalleled access to cultural attractions, dining options, and entertainment. Residents rave about the luxurious amenities, like the rooftop pool, modern fitness center, and Sky Lounge with breathtaking views. It's a lively community where both dogs and cats are welcome, perfectly suited for those seeking a dynamic urban lifestyle.
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X Phoenix
200 W Monroe St, Phoenix, AZ 85003
(623) 300-1196
$1,000+ moTotal price12-mo lease
Rent Savings
co_living
23 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Dishwasher, Pet friendly, 24hr maintenance, Parking, Gym + more
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Moontower Phoenix
811 N 3rd Street, Phoenix, AZ 85004
(480) 741-2448
$1,629+ moTotal price15-mo lease
Rent Savings
38 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Urban Oasis
Prime Downtown Phoenix location amidst art and culture.
Moontower Phoenix offers an exceptional downtown living experience with proximity to art galleries, restaurants, and music festivals right outside your door. Residents praise the stunning views and pet-friendly amenities, including a pet spa and on-site park. The rooftop pool and fitness center add a dash of luxury and convenience to daily life.
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Banyan on Washington
$1,348
5353 E Washington St, Phoenix, AZ 85034
(480) 680-6861
Rent Savings
10 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Pet friendly, Garage, Stainless steel + more
Luxury Lifestyle
Experience luxury living with modern amenities and prime location.
Banyan on Washington offers luxury living in Phoenix with modern amenities and a prime location. Residents praise the beautifully maintained gym and pool facilities. The property features smart home technology, making daily life seamless. Cats and dogs are also welcome, ensuring a pet-friendly environment.
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Escape
4700 N 16th St, Phoenix, AZ 85016
(602) 497-2986
$1,720+ moTotal price13-mo lease
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.
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Halogen
3420 E Bell Road, Phoenix, AZ 85032
(256) 588-8769
$1,479+ moTotal price12-mo lease
Rent Savings
23 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Dogs allowed, Garage + more
Luxury Living
Vibrant living in Phoenix with top-notch amenities.
Experience a serene oasis at Halogen in Phoenix, offering residents exclusive access to a bustling clubhouse and resort-style amenities. Residents adore the modern apartments with luxurious finishes. A quick stroll reveals nearby parks and eateries, adding to the convenience.
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5.0
Blume on Central
$1,365
3883 North Central Avenue, Phoenix, AZ 85012
(251) 714-7110
Rent Savings
Top rated for Location
“This has been a nice place has nice amenities that are avalible for people to use”
14 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Stylish Amenities
Experience Modern Living in Midtown Phoenix
Blume on Central offers stylish modern living with luxurious comforts in the heart of Midtown Phoenix. Residents can enjoy refreshing workouts in the well-equipped gym and unwind in the posh pool. The vibrant local scene includes dining hot spots and high-end shopping at Biltmore Fashion Park. Additionally, both cats and dogs are welcome here, making it a haven for pet lovers.
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5.0
Cortland Biltmore
4114 N 28th St, Phoenix, AZ 85016
(623) 428-0711
$1,606+ moTotal price12-mo lease
Rent Savings
Top rated for Location
“Amenities is lower because the printer in the business center does not work and the water fountain in the gym is on red.”
15 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Stunning Location
Enjoy breathtaking mountain and city skyline views.
Cortland Biltmore Place offers stunning vistas of both the mountains and city skyline, placing you at the heart of Phoenix's vibrant mix of recreational and downtown hotspots. The property's upscale features like granite countertops and stainless steel appliances enhance its stylish and spacious apartments. Residents appreciate the clean and secure environment, supported by a professional and attentive management team.
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Verde
$999
3636 East Verde Lane, Phoenix, AZ 85018
(623) 462-0198
2 units available
Studio • 1 bed
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The Art on Highland
4626 North 16th Street, Phoenix, AZ 85016
(623) 300-3248
$1,219+ moTotal price12-mo lease
Rent Savings
19 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Pet friendly, 24hr maintenance, Garage + more
Prime Location
Modern living in Phoenix, prime location benefits.
The Art on Highland offers a modern lifestyle in the heart of Phoenix. With convenient access to shopping and dining, it's perfect for those who enjoy vibrant city life. The property features top-notch amenities like in-unit laundry, a 24-hour gym, and a pool, enhancing your living experience.
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The Wexler
$799
3030 North 7th Street, Phoenix, AZ 85014
(616) 208-4212
5 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Cats allowed, 24hr maintenance, Recently renovated, Gym + more
Urban Retreat
Prime location near vibrant downtown Phoenix attractions.
The Wexler is a haven in the heart of Phoenix. Residents love the vibrant downtown nightlife, shopping, and dining available nearby. Amenities such as a renovated fitness center, sparkling swimming pool, and pet-friendly environment add to the property's appeal.
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4.0
Adeline Luxury Living
222 E. Jefferson Street, Phoenix, AZ 85004
(623) 887-7220
$1,498+ moTotal price3-mo lease
Rent Savings
Top rated for Amenities
“Great apartments, nice views, but parking is terrible! No guest parking ever and guest have to pay $80 to park during events that happen often.”
62 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Central Lifestyle
Luxury living in vibrant downtown Phoenix.
Discover Adeline Luxury Living, perfectly placed in the heart of Phoenix's dynamic downtown. Embrace the convenience of an ultra-connected and walkable neighborhood, along with breathtaking panoramic skyline views. Residents rave about the dedicated staff and well-maintained property, enhancing everyday urban living.
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4.0
Domus by Mark-Taylor
$1,524
4445 N 36th St, Phoenix, AZ 85018
(602) 737-0221
Rent Savings
Top rated for Amenities
18 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Resort-Style Living
Energy-efficient and conveniently located modern apartments.
Domus by Mark-Taylor embodies luxury with its modern, well-designed apartments featuring high ceilings and energy-efficient appliances. Located in Phoenix's Arcadia Lite neighborhood, it offers easy access to restaurants and shopping centers. Enjoy a resort-style swimming pool and state-of-the-art fitness center, along with the comfort of a professional and responsive management team. Cats and dogs are welcomed too!
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The Charleston by Mark-Taylor
$1,029
11825 N 25th Place, Phoenix, AZ 85028
(602) 962-7594
Rent Savings
6 units available
Studio • 1 bed
Amenities
In unit laundry, Hardwood floors, Dishwasher, Pet friendly, Parking, Stainless steel + more
Scenic Convenience
Close to Phoenix Mountains Preserve with scenic views.
The Charleston by Mark-Taylor is perfectly located for outdoor enthusiasts, with easy access to the scenic Phoenix Mountains Preserve. Residents rave about the resort-style swimming pool and immaculate stainless-steel kitchens. Both cats and dogs are warmly welcomed here, making it an excellent choice for pet owners.
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The Curve at Melrose
4333 N 6th Dr, Phoenix, AZ 85013
(401) 357-0929
$1,199+ moTotal price12-mo lease
Rent Savings
22 units available
Studio • 1 bed • 2 bed
Amenities
Granite counters, Hardwood floors, Dishwasher, Pet friendly, Garage, 24hr gym + more
Vibrant Location
Central Living with Amazing Amenities
The Curve at Melrose offers a vibrant community in Phoenix with plenty of amenities. Enjoy nearby diverse dining and entertainment right at your doorstep. Residents appreciate the well-maintained pool, gym, and accessible dog park, all complimented by responsive management.
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5.0
Madera at Metro
3161 West Cheryl Drive, Phoenix, AZ 85051
(934) 239-0331
$799+ moTotal price12-mo lease
Top rated for Location
“This is the first commercial apartment I have lived in for years. I have been pleased with the price, the maintenance, and everything else here.”
9 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Pet friendly, Carport, Walk in closets, Gym + more
Tranquil Oasis
Tranquil living with superb amenities in Phoenix.
Madera at Metro Apartments offers a serene retreat with amazing amenities like two large pools and outdoor barbecue areas. Located in Phoenix, this community is surrounded by dining and entertainment options. Enjoy the convenience of nearby schools and transportation, all within reach.
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1 Bedroom Apartments in Phoenix (520)

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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.