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What Is an Efficiency Apartment? © (Getty Images) Modern studio apartment
You’re looking for an apartment on your own, but whether your budget is low, you travel a lot for work or you simply consider yourself a minimalist, you want a small space. The fewer walls, the better.
In that case, you may be in the market for an efficiency or studio apartment.
What Is an Efficiency Apartment?
An efficiency apartment is similar to a studio apartment in that it has no separate room for sleeping quarters and is often small in size compared to apartments that offer one or more bedrooms. You’ll likely find that efficiency or studio apartments are the most budget-friendly option in apartment buildings, although they can also be basement or garage apartments offered by homeowners looking for an individual tenant.