This 78-square-foot living space may be one of the smallest apartments you will ever see. Located in the midtown Manhattan neighbourhood of Hell's Kitchen, it's the home and office of architect Luke Clark Tyler.

Tyler, a graduate of Cornell University, actually lived in a 96-square-foot space previously and decided to downsize even further by moving to this apartment. To make it livable, Tyler designed and hand-built his own transformer furniture out of plywood and 2x4's to make the most out of what might have been a tight space.

It's barely wider than a hallway, but thanks to the high ceilings and thoughtful design and conscious lifestyle changes, Tyler is able to gain in savings: he pays $800 a month in rent -- cheaper than the shared housing in the same area. In addition, rather than purchasing expensive furniture, his customized build-out only cost him $170 at Home Depot.