We explore the preliminary design of a space habitat thermally controlled using phase change materials (PCMs). The PCM is used to maintain a suitable, habitable temperature inside the habitat by isolating it from the external solar radiation. The system is studied numerically considering only diffusive heat transport (conduction), a scenario with practical application to microgravity or reduced gravity environments. The system dynamics are explored for a wide range of governing parameters, including the length of the PCM cell L, the thermo-optical properties—absorptivity α and emissivity ε—at the external boundary of the habitat wall exposed to solar radiation, the eclipse (illumination) fraction τe (τi) of the solar cycle, and the PCM used. We find that the thermo-optical properties at the external radiated boundary, characterized by the absorptivity–emissivity ratio (α/ε), play a key role in the system response and largely define the optimal design of the habitat. This optimum balances the heat absorbed and released by the PCM during repeated illumination and eclipse cycles.