We are expecting our first and live in an apartment that is about 700 square feet, including indoor/outdoor storage space. I'm a major clutter crusader and LOVE to organize things, so I do a good job making the most of space.
I've got plans for how we'll adapt to baby. We'll probably ditch a chair that's in our bedroom now to make room for a crib. The baby will be an Arms Reach for awhile anyway. We've cleared a space in the hall for another bureau for clothes. We're ditching a futon (twin size) in the living room to make a play space and may store our coffee table at my parents house.
When the baby is older, hubby and I may move into the den and shift our desk into the hall, moving baby's bureau into baby's new room. Baby will have to deal with mom and dad needing to store our clothes in his room, but I think he'll survive.
At that point, I could move the play space into his room too, freeing up some living room for office space/books.
It's tight. Our space is decently adaptable, with the exception of the den, which is full of unsafe things that are 1) used often 2) there is no other place for. That's why hubby and I will probably have to transition into it some day. It will be blocked off from Day 1 by a gate.
I've got it figured out how we can stay here with up to 2 children, depending on financial circumstances. We may not be here that long. But this apartment helps keep our living expenses low, which is crucial as we live on my teacher's salary and a seasonal gig at the moment. Plus, with an infant on the way, the washer/dryer combo in the kitchen is extremely hard to give up. And for one more fantastic feature, my apartment is small enough that I don't need a baby monitor.