http://www.artincyprus.com/location.html
The studio is on the 7th floor, fully renovated 2 years ago, airconditioned, furnished etc.
Sea view.
500 euro/month + Common Expenses, electricity and water.
Or for sale.
Studio for rent in Limassol. Pentadromos, Roussos Center Point. The Cyprus Academy of Arts is in the same building and it has a nice description of how to get there.