How to Find Furnished Studio Apartment for Rent in 2024?
When looking for affordable yet luxury short stays, nothing can beat studio apartments. This type of rental is perfect for travelers of all kinds, including tourists, students, and business travelers. Furthermore, they come in different prices, so they match different budgets. Want to know how to find furnished studio apartments for rent? Look no further; we have great ideas for you.
What Is a Studio Apartment?
Generally, apartment houses have various sizes and different numbers of rooms. The studio apartments are the smallest of all. Unlike traditional apartments, studio apartments do not have separate bedrooms or living rooms. Subsequently, the entire living space is utilized for various purposes.
They are usually affordable and convenient, making them a terrific option for young professionals, students, or anyone who wants to live in a central location without breaking the bank. That’s why studio apartments are also known as ‘bachelor apartments.’
Can a Furnished Studio Apartment Have 2 Bedrooms?
As mentioned, a studio apartment is typically a single room that combines a sleeping area, living area, and kitchenette. You can find 1-bedroom apartments in Toronto that are larger than studio apartments, with a separate room as a bedroom.
What Is Cheaper to Rent, an Apartment or a Studio?
Typically, a studio apartment is less expensive to rent than a traditional apartment with separate living and sleeping areas. By combining all living areas into a single room, a studio apartment offers a more affordable living option for those looking to save on rent.
However, other factors, such as location, equipment, amenities and the apartment facilities may affect the price. But, in general, a studio apartment can be about 5% to 20% cheaper than a one-bedroom apartment.
How Many People Can Stay in a Furnished Studio Apartment?
Depending on the size of the studios, they can be an excellent living option for a couple who enjoys spending time together and doesn’t need much space. With its compact layout and efficient use of space, a studio apartment can be a romantic and cozy home for two.
While it may be possible to accommodate three people in a studio apartment, it would be quite crowded and not ideal for long-term living. A studio apartment is typically designed for one or two people and is best suited for single individuals or couples.
Why Living in a Studio Apartment?
Here are some of the benefits that come with living in a studio.
1. Affordability
One of the main advantages of finding a studio apartment for rent is affordability, especially in big and expensive cities like Toronto.
The house rent is one of the most important things to consider when you decide to live in a city where the cost of living can be high. Studio apartments are typically more affordable than traditional apartments.
By choosing a studio apartment, you can save money on rent and utilities, which can free up funds for other things, such as dining out, exploring the city, or investing in your education or career. Therefore, if you have tight budget, studio apartments will be the perfect option for your stay.
2. Convenience
You may wonder how it is possible to live in only one room. The truth is that studio apartments are not that small. They usually have enough space for up to two residents. Furthermore, they are mostly equipped with high-end facilities. So, you won’t need to buy anything during your stay in these rentals. Furthermore, you can easily find studio apartments for rent in the city centers, with easy access to public transportation.
If you want to stay in a luxury place near Toronto city center, you can find perfect studios in downtown Toronto.
3. Practicality
Studio apartments are also practical for those who live alone or who do not need a lot of living space. They are easy to clean, maintain, and organize, which can be a great advantage for those who are busy or who prefer a minimalist lifestyle. They are also ideal for those who want to live in a central location without the hassle of a larger apartment or house.
Living in a studio may also have different challenges. We recommend you to read more about the pros and cons of renting a studio apartment.
How to Find the Perfect Furnished Studio Apartment for Rent?
You can easily find a studio for living by considering the following factors.
1. Determine Your Budget
Before you start looking for a furnished studio apartment for rent, you need to determine your budget. This will help you narrow down your options and find a place that fits your financial needs. Consider your income, expenses, and lifestyle when determining your budget.
2. Research Neighbourhoods
Select your location. It is better to select a district or area to search for rentals. For example, if you want to stay in Toronto, you should know that Toronto is a large and diverse city, with many different neighborhoods to choose from.
Researching neighborhoods in downtown Toronto can help you find the perfect location for your needs, whether you prefer a trendy area with lots of nightlife, a quiet neighborhood with parks and green spaces, or a more affordable area with easy access to public transportation.
Check out the list of Toronto studio apartments in each district.
3. Use Online Listings
There are many online listings available for furnished studio apartments for rent. Websites such as Craigslist, Kijiji, and Padmapper are popular options for apartment hunting in Toronto.
4. Schedule Viewings
Once you have found some potential studio apartments, schedule a meeting to see them in person. This will help you get a better sense of the space, location, and amenities, and will give you an opportunity to ask questions and negotiate the terms of the lease.
5. Prepare Your Documents and Sign the Lease
If you are satisfied with the studio apartment and agree with the terms and conditions, you can sign the lease and move in. You should read the lease carefully and make sure you understand your rights and responsibilities as a tenant. You should also get a copy of the lease and a receipt for your deposit for your records. We recommend you read about Ontario standard lease before finalizing your rental agreement.
Don’t forget to ask the landlord or property manager any questions you have about the studio apartment, including utilities, maintenance, or any rules and policies.Looking for a furnished studio apartment in Toronto? You can choose from the following list.
Examples of a Studio Apartment for Rent in Toronto- Perfect Solution for Urban Living
There are a lot of suitable places for rents out there in Toronto. One of the best options available now on Tirbnb Condos:
1. Stylish High Rise Studio Apartment in York Street
This modern and stylish studio apartment is located in the heart of the Entertainment District, with an amazing view of CN Tower on the 32nd floor. Being in a close distance to Harbourfront made it possible for the residents to reach the lake with a few-minute walk.
Furthermore, it is close to Rogers Centre and the ACC for sports, Union Station, and Westin Hotel. Within a minute’s walk, you can find a variety of restaurants, pubs, and coffeehouses.
2- Furnished Studio Apartment in Temperance Street (Hotel Style)
If you are looking for a furnished studio apartment in the business district of Toronto, this studio with a panoramic view on Temperance Street can be one of your perfect choices. With an affordable price, you will feel like you are staying in a 5-star hotel.
This studio apartment is within walking distance of CN Tower, BMO Studio, and Dundas Square. Furthermore, there are quality restaurants around this location, and you can get to the main business centers of Toronto, like Eaton Center, within a few steps.
Located on the 50th floor, it has a wonderful view of the city. With a floor-to-ceiling window, you will feel like all the skyscrapers out there are under your feet. At the same time, being on the higher floors makes this place a quiet and relaxing room to spend the night. You will not hear any noises from outside. So, just relax in your comfortable bed and enjoy your time.
Check out the price of this furnished studio apartment.
3- Furnished Studio Room Rental in Adelaide Street West
For those who wish to stay near Toronto’s fantastic Entertainment District, this furnished studio apartment can be an ideal place. There are very high-quality restaurants, shopping centers, and entertainment facilities around this apartment. Furthermore, most tourist attractions are within walking distance of this location, making it one of the best places for tourists and leisure travelers.
This luxury studio room is located on the 25th floor of a skyscraper. It has a contemporary decoration with all the necessary appliances for short-term living, including kitchenettes, toiletries, a washing machine, a Smart TV, a state-of-the-art dining table, and a comfortable double bed. Check out the price and availability of this furnished studio room in Adelaide West.
4- Premium Furnished Studio Apartment for Rent by Eaton Center
Enjoy the wonderful view of Downtown Toronto by staying on the 50th floor of a skyscraper in the heart of the city. Do you like shopping? By staying at this location, you can get to the Eaton shopping center within a ten-minute walk. Furthermore, being close to the subway has made it easier to go to other neighborhoods.
This furnished studio apartment has a separate space for a bedroom, with stunning architecture, refined services, and luxurious decoration. The floor-to-ceiling window enters enough light into the room to make it bright and energized. Additionally, the kitchen is equipped with all the necessary tools, such as a fridge, stove, and microwave, making it fun and enjoyable to cook during your stay.
Bottom Line
Living in a studio apartment can be an exciting and liberating experience. With limited space, you can be more creative with your living arrangements and make the most out of every inch. While it may seem daunting at first, there are countless benefits to living in a studio apartment, including lower rent, less cleaning, and a more minimalist lifestyle. That’s why more people are looking for furnished studio apartments for rent these days, especially for a short stay. Because they can save money and enjoy more.
FAQs
1- What Is Meant by a Furnished Studio Apartment?
A studio apartment is a compact living space that combines a sleeping area, living area, and kitchenette into a single room. It’s the perfect choice for those looking for an affordable, low-maintenance living option in a bustling city like Toronto.
Studio apartments can be furnished or unfurnished. The furnished studio apartments are the ones that have all the necessary equipment for living, such as bedroom decoration, sofa, TV, and kitchen appliances. So, people who would like to stay in these studios won’t need to buy anything. This makes it easier for them to choose a place for short-term living.
2- What Is the Difference Between a Studio Apartment and a Studio Flat?
The difference between a studio apartment and a studio flat is merely a matter of semantics. Both refer to a self-contained living space that typically includes a sleeping area, living area, and kitchenette in one room.
3- Is It Worth Living in a Furnished Studio Apartment?
Absolutely! Living in a studio apartment is an excellent way to save money on rent, reduce household expenses, and enjoy a cozy, low-maintenance living space. It’s the perfect choice for anyone looking to live independently in a city like Toronto.
4- Can I Live by Myself in a Studio Apartment?
Yes, of course! A studio apartment is ideal for anyone who wants to live independently and doesn’t need much space. With its compact layout and cozy ambiance, a studio apartment can be the perfect place to call home for those looking for a little solitude.
5- Can You Sleep in a Studio Apartment?
Yes, of course! A studio apartment is designed for living and sleeping in a single space. The sleeping area is typically located at one end of the room, separated from the living area by a partition or screen.
6- Is a 500 SF Apartment Small?
Well, it depends on your perspective! A 500 sq ft apartment is considered small by some standards, but it can be perfectly adequate for a single person or a couple. The key is to make the most of the available space and to find creative ways to maximize storage and living areas.
7- Is It Smart to Live in a Studio?
Yes, it can be! Living in a studio apartment is an excellent way to reduce living expenses, simplify your lifestyle, and enjoy the freedom of independent living. It’s the perfect choice for those who want to live in the heart of the city and enjoy all that Toronto has to offer.
