Studio apartment
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Studio apartments are small, single-level living quarters intended for use by an individual. They are designed around relatively large single room incorporating the features of a living room, dining room, bedroom and kitchen.
Studio apartments are often rented by young people and those with low or unsteady income. Typically rented on a month-to-month basis, they are ideal for college students and other young people who have recently left home.
Note that the term "apartment" is an Americanism, and is not used in the UK and Commonwealth countries.