A studio is a self-contained, small apartment, combining living room, bedroom and kitchenette into a single unit. Bathrooms are generally separate, although odd bathroom setups within the studio room have been reported. Studios commonly range from about 200-500 square feet – generally the smallest and cheapest on the market. However, they are generally the most expensive per square foot. A studio’s primary advantage is privacy. So, if you want your own place at a reasonable price, get a studio. If you don’t mind sharing, take a larger apartment with a roommate – you’ll enjoy more space for the same amount of money you would pay for a studio.