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 20
Arts District Apartments
$1,325
222 E. McDowell Rd, Phoenix, AZ 85004
(480) 845-0701
Rent Savings
32 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Nest technology, Wine room, Granite counters, Pet friendly, Parking + more
Arts Haven
Prime Location with Modern Amenities
Nestled in the Alvarado Historic District, Arts District Apartments offer a prime location near Phoenix's bustling attractions. Residents enjoy top-notch amenities like in-unit laundry, a wine room, and a 24-hour gym. Both cats and dogs are welcome, making it perfect for pet owners.
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The Amelia
20350 North 7th Avenue, Phoenix, AZ 85027
(806) 405-8297
$1,325+ moTotal price13-mo lease
Rent Savings
30 units available
Studio • 1 bed • 2 bed
Amenities
Patio / balcony, Pet friendly, Stainless steel, Walk in closets, Gym, Pool + more
Vibrant Community
Modern apartments in a cost-effective Phoenix location.
The Amelia offers a vibrant community with modern apartments and premium amenities. Revel in features like gourmet kitchens, a state-of-the-art gym, and a sparkling pool. Located conveniently near key shopping and dining spots, it's designed for an enriched lifestyle.
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The Ryan
188 E Jefferson St, Phoenix, AZ 85004
(573) 464-3288
$1,575+ moTotal price6-mo lease
Rent Savings
23 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Downtown Gem
Exceptional living in lively Downtown Phoenix location
The Ryan offers an unparalleled living experience in the heart of vibrant Downtown Phoenix. Enjoy modern, spacious apartments with stunning city views and high-end finishes. Residents appreciate the extensive amenities, including a rooftop pool, fitness center with Peloton bikes, and a welcoming resident bar. Steps away are restaurants, entertainment options, and the visually striking Footprint Center.
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Nova North Valley
$1,110
31113 North North Valley Pkwy, Phoenix, AZ 85085
(475) 255-3472
Rent Savings
32 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, Garage + more
Outdoor Adventure
Perfect for outdoor enthusiasts and pet owners.
Nova North Valley, located in Phoenix, is the dream location for those who love outdoor adventures and the comfort of modern living. The apartments offer spacious layouts with abundant natural light and stunning mountain views. Residents appreciate the exceptional amenities, including a saltwater heated pool and a dedicated bark park for their furry friends.
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Saiya
802 North 1st Avenue, Phoenix, AZ 85003
(810) 215-7955
$1,591+ moTotal price12-mo lease
Rent Savings
174 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Nest technology, Patio / balcony, Dishwasher, Pet friendly, Garage + more
Amenity-Rich
Experience vibrant urban living with unmatched amenities.
Saiya is an amenity-rich property nestled in vibrant Downtown Phoenix. Experience city-living with unparalleled amenities, including a two-story fitness center, rooftop lounge, and an extensive game room. Residents rave about the welcoming lobbies and appreciate pet-friendly perks like a dog park and wash facilities.
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Tides on East Cactus
2645 East Cactus Road, Phoenix, AZ 85032
(517) 955-3668
$915+ moTotal price6-mo lease
Rent Savings
11 units available
Studio • 1 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Value Living
Cost-effective comfort near Phoenix amenities.
Situated in Phoenix, Tides on East Cactus offers a delightful living experience with cost-effective renting options. This community is equipped with modern amenities like granite countertops and stainless steel appliances, making it a stylish choice for residents. The property's convenient proximity to transportation options and highways ensures hassle-free commuting.
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Ragsdale
1150 E Washington Street, Phoenix, AZ 85034
(623) 552-4585
$1,224+ moTotal price12-mo lease
Rent Savings
147 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Nest technology, Pet friendly, Gym, Pool, Dog park + more
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FLATZ 602
6025 W. Thomas Rd., Phoenix, AZ 85035
(623) 666-5640
$1,029+ moTotal price6-mo lease
Rent Savings
6 units available
Studio • 1 bed
Amenities
In unit laundry, Pet friendly, 24hr maintenance, Stainless steel, Walk in closets, 24hr gym + more
Luxurious Living
Modern amenities in a vibrant community.
Experience the epitome of modern living at FLATZ 602 in Phoenix, where innovation meets luxury. Enjoy a resort-style pool, fitness center with Apple fitness, and a convenient pet-friendly policy accommodating both cats and dogs. Residents rave about the well-maintained facilities and responsive management, ensuring an unparalleled living experience.
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Union at Roosevelt I and II
888 North 1st Avenue, Phoenix, AZ 85003
(602) 536-7577
$1,288+ moTotal price12-mo lease
Rent Savings
24 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Pet friendly, New construction, Garage + more
Downtown Living
Modern oasis in vibrant downtown Phoenix.
Union at Roosevelt offers a vibrant downtown Phoenix lifestyle with exceptional proximity to transportation, restaurants, and entertainment. Enjoy luxurious amenities such as in-unit laundry, hardwood floors, and spacious balconies. Cats and dogs are welcome here, adding to the community's pet-friendly atmosphere.
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Camelback Properties - Affordable Housing
$983
5102 North 11th Avenue, Phoenix, AZ 85013
(602) 905-8363
5 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Carport, Pool, Air conditioning + more
Central Convenience
Central Phoenix location with great amenities
Camelback Properties offers a central Phoenix location, providing easy access to public transportation, shopping, and dining. The community features a peaceful environment with well-maintained amenities like two pools and a spa. Cats and dogs are welcome, ensuring a pet-friendly atmosphere for all residents.
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AVE Paradise Valley
12400 North Tatum Boulevard, Phoenix, AZ 85032
(938) 800-9050
$1,758+ moTotal price6-mo lease
Rent Savings
32 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Hardwood floors, Dishwasher, Pet friendly, Parking, Stainless steel + more
Pet Paradise
Convenient location near shops and dining options.
AVE Paradise Valley offers a prime location in Phoenix, just steps away from trendy shops and delicious dining hotspots. Residents praise the convenience of having a Whole Foods on-site and being in proximity to favorites like Sephora and Federal Pizza. With both dogs and cats allowed, and a wealth of pet-friendly amenities, it's perfect for pet enthusiasts.
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Streamliner 16
1616 East Polk Street, Phoenix, AZ 85006
(623) 280-1821
$999+ moTotal price12-mo lease
Rent Savings
15 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Pet friendly, Parking, Stainless steel, Gym, Pool + more
Modern Comfort
Contemporary charm in Phoenix's vibrant Montezuma Heights.
Streamliner 16 offers a perfect blend of modern design and downtown convenience. With easy access to highways, and a host of entertainment and dining options, it caters to those seeking a vibrant lifestyle. Residents love the thoughtful amenities and functional floor plans tailored to modern living.
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5.0
Streamliner 67
6755 West McDowell Road, Phoenix, AZ 85035
(253) 299-8170
$911+ moTotal price12-mo lease
Rent Savings
Top rated for Location
“i love it! i think they’re great !!”
15 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Pet friendly, Stainless steel, Gym, Pool, Playground + more
Modern Amenities
Enjoy Phoenix living near parks, groceries, and highways.
Streamliner 67 offers a modern living atmosphere with fantastic amenities like a gym, pool, and on-site laundry. Residents enjoy proximity to major highways, making it a commuter’s dream. With rents below the metro average and both cats and dogs allowed, it’s a great value for pet owners looking for convenience and comfort.
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Bask Deer Valley
26800 North 27th Avenue, Phoenix, AZ 85085
(209) 546-6927
$1,268+ moTotal price18-mo lease
Rent Savings
24 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Luxury Living
Experience Modern Comfort in Scenic North Phoenix
Bask Deer Valley offers a luxurious lifestyle in the picturesque setting of North Phoenix. Residents enjoy modern amenities, with in-unit luxury finishes and community features like a resort-style pool and fitness center. Conveniently located with easy access to I-17, this is the perfect home for those seeking style and convenience.
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Monterey Village
4707 East McDowell Road, Phoenix, AZ 85008
(229) 374-6259
$838+ moTotal price12-mo lease
Rent Savings
19 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Central Convenience
Minutes from ASU and Downtown Tempe
Monterey Village Apartments boast a central location just minutes from ASU, downtown Phoenix, and downtown Tempe, offering prime access to entertainment and amenities. This cost-effective gem features impressive recent renovations and a friendly staff committed to residents' satisfaction. Cats and dogs are both welcome, making it a perfect home for pet owners.
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Ironwood at Happy Valley
24025 N 23rd Ave, Phoenix, AZ 85085
(507) 502-5847
$1,299+ moTotal price13-mo lease
Rent Savings
21 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Luxury Living
Enjoy small-town charm in an upscale neighborhood.
Ironwood at Happy Valley offers luxurious townhome-style living in a serene and safe community. Residents appreciate the upscale features like hardwood flooring and granite countertops, along with abundant nearby dining and entertainment options. With both dogs and cats welcome, a sparkling pool, and a modern fitness center, it's the ideal spot for pet lovers seeking resort-style amenities.
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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.