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The owner of the apartment is called the landlord and the people who live in the apartment are called the tenants. The money that the tenants pay in order to live there is called the rent or the rent money. "Rent" also means to pay to live in an apartment; the tenant "rents" the apartment from the landlord.

Lessee someone who pays rent to use land or property and has signed a lease (=a legal agreement) with the owner. The owner is called the lessor.

It's generally cheaper to rent a studio than a one bedroom apartment. However, sometimes the difference is only $50, $60 or $75 per month. When you take into account the other benefits of renting a one bedroom apartment, the difference may not be worth it.

Long term usually starts from 6 months. 4 months is a little difficult with regards to searching for property. Many landlords that are looking to let their property for long terms prefer a minimum of 6 months, but may be willing to take on a tenant for 4 months especially if the property is vacant.