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

Roosevelt Row
$1,450
330 E Roosevelt St, Phoenix, AZ 85004
(623) 462-2196
20 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Nest technology, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly + more
Downtown Luxury
Prime location in vibrant downtown Phoenix arts district.
Experience the vibrant lifestyle of downtown Phoenix at Roosevelt Row. Located in the arts district, enjoy easy access to galleries, restaurants, and nightlife within walking distance. The property boasts luxurious apartments with modern finishes and a host of amenities, including a rooftop deck and a resort-style pool. Residents rave about the friendly staff and the vibrant community vibe.
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Bolero Apartment Homes
$920
7725 West McDowell Road, Phoenix, AZ 85035
(727) 619-2970
Rent Savings
40 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Luxury Living
Modern luxury near vibrant local scenes.
Bolero Apartment Homes in Phoenix offers the ultimate stylish living experience. Located conveniently close to public transportation, popular dining spots, and shopping centers, it provides ease and accessibility. With impressive amenities like three pools and a 24-hour fitness center, this pet-friendly community ensures comfort and convenience at every turn.
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2025 West
$710
2025 West Indian School Road, Phoenix, AZ 85015
(602) 806-9081
Rent Savings
18 units available
Studio • 1 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Pet friendly, Parking, Recently renovated + more
Ideal Location
Prime Phoenix Location with Excellent Amenities
2025 West offers a prime spot in Phoenix with easy access to major highways and public transportation. This cost-effective gem is perfect for those who value convenience and top-notch amenities, including two resort-style pools and a well-maintained fitness center. Residents love the community feel, which fosters a friendly atmosphere and responsive management.
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5.0
North Mountain Village
$794
3333 West Thunderbird Road, Phoenix, AZ 85053
(762) 324-0962
Rent Savings
Top rated for Location
“I lived here since 2015 and have been very happy the management is great always helpful and understanding maintenance is awesome very polite and helpful I definitely recommend living here we have new management that is awesome as the last one was the office staff is awesome”
15 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Walk in closets + more
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Array South Mountain
$1,142
13229 South 48th Street, Phoenix, AZ 85044
(307) 441-3837
Rent Savings
83 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Pet friendly, Parking, Stainless steel + more
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Tides on East Cactus
$775
2645 East Cactus Road, Phoenix, AZ 85032
(517) 955-3668
Rent Savings
13 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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5.0
Elevation on Central
$1,242
4650 N Central Ave, Phoenix, AZ 85012
(480) 462-5682
Top rated for Location
“I am enjoying leaving here!!!!!”
25 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Google fiber, Patio / balcony, Granite counters, Dishwasher, Pet friendly + more
Prime Location
Easy access to dining, transport, and entertainment venues.
Elevation on Central offers a vibrant location with unmatched accessibility to dining, entertainment, and transportation. Residents appreciate the proximity to the light rail and major highways that enhance their commuting experience. The community amenities, such as the pool and fitness center, are celebrated by residents for their quality and maintenance.
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The Curve at Melrose
$1,245
4333 N 6th Dr, Phoenix, AZ 85013
(401) 357-0929
18 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + 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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4.0
Arcadia on 49th
$902
4902 E Thomas Rd, Phoenix, AZ 85018
(602) 641-3638
Rent Savings
Top rated for Value
“The maintenance staff are really nice and helpful. There's always too much parking, not enough space to park, in the evening time. The location is good; you're not too far from the shopping center.”
40 units available
Studio • 1 bed • 2 bed
Amenities
24hr laundry, Patio / balcony, Granite counters, Pet friendly, Garage, Stainless steel + more
Luxury Living
Serene living with top-notch amenities in Phoenix.
Arcadia on 49th offers a tranquil lifestyle with its beautiful courtyards and sparkling swimming pools. Located conveniently near Phoenix's vibrant cultural and entertainment activities, residents enjoy easy access to fine shops and restaurants. The modern apartments come with spacious living areas and high-end finishes, making it a premium choice.
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Madison Grove
$1,050
7045 N 7th St, Phoenix, AZ 85020
(234) 265-9687
Rent Savings
12 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Hardwood floors, Dishwasher, Pet friendly, New construction, 24hr maintenance + more
Resort-Style Living
Experience luxury with resort-style amenities at Madison Grove.
Madison Grove is a haven of luxury in North Phoenix. Residents enjoy well-maintained public areas and a sparkling pool. Enjoy energy-efficient windows, stainless-steel appliances, and quartz countertops. The pet-friendly policy includes both cats and dogs, with a dedicated bark park.
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Nova North Valley
$1,272
31113 North North Valley Pkwy, Phoenix, AZ 85085
(475) 255-3472
Rent Savings
34 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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AVE Paradise Valley
$1,628
12400 North Tatum Boulevard, Phoenix, AZ 85032
(938) 800-9050
36 units available
Studio • 1 bed • 2 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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Sol Modern
$1,748
50 E Fillmore St, Phoenix, AZ 85004
(539) 252-9666
Rent Savings
261 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, New construction + more
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Verified listing
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The Amelia
$1,299
20350 North 7th Avenue, Phoenix, AZ 85027
(806) 405-8297
Rent Savings
105 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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Ragsdale
$1,271
1150 E Washington Street, Phoenix, AZ 85034
(623) 552-4585
Rent Savings
242 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Nest technology, Pet friendly, Gym, Pool, Dog park + more
Recently updated units
Verified listing
Verified
The Met at 3rd and Fillmore
200 East Fillmore Street, Phoenix, AZ 85004
(507) 585-4115
$1,820+ moTotal price13-mo lease
Rent Savings
9 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, Garage + more
Downtown Luxury
Peaceful haven in bustling downtown Phoenix.
The Met at 3rd and Fillmore offers a luxurious lifestyle in the heart of downtown Phoenix. Walk to Arizona State University and numerous vibrant downtown attractions. Residents enjoy modern amenities, including charming fireplaces, a refreshing pool, and convenient in-unit laundry. Both dogs and cats are welcomed here, ensuring a home-like feeling for pet lovers.
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1 Bedroom Apartments in Phoenix (486)

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Phoenix Short-term Apartments (181)

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.