If you are planning to visit and stay in Phuket for at least a month or more, then renting an apartment is the most economical option for your stay. It would be a lot cheaper than staying in a hotel but you would still be able to enjoy great accommodations. There are even those people who go to Phuket annually for a vacation who have purchased apartments for their stay and then have it rented for the rest of the year when they are not there.
Smaller Phuket condominiums and apartments would be the wise choice for those who do not actually live in Phuket but just go there for a short vacation or a getaway. They would not have to spend a lot on staying at a hotel every time they visit and would not be bothered much on the maintenance that a bigger villa or house needs.
Apartments in Phuket are readily available, along with duplexes and condominiums. You can choose from the different locations as well as the different designs and sizes that Phuket real estate has to offer. The price also ranges widely, depending on the location and size. You can check with a local real estate agent as to what properties are available that would suit your taste as well as your budget.