Hand tools, a laminate trimmer, and you're good to go. I also recommend a workmate - still use mine every day I build.
Just FYI, I build my first two acoustics in a student room, attic, tiny, where I slept, ate, etc. Climbed out the window onto a rooftop for dusty stuff. My go bar deck was (and, actually, is again) the space under my computer desk (heavy, MDF, CRT and CRT TV on it at the time. No way 30 go-bars were going to budge that), I did build a bender (where there's a will, there's a place to put it) and a mold, so, no, you really don't need lots of space or lots of tools to make a successful guitar.
My personal 'required tooling' list is:
- Planes - block plane and a 5 or 5 1/2 for thinning the top. Get your supplier to thickness back and sides for you
- Scrapers.
- Medium rasp, hand-cut (most of the neck shaping)
- Laminate trimmer (truss rod and CF rod slots)
- Chisel - a 1/2" paring is my weapon of choice, and I like having 1/4" and 1/8" for things like nut slots and purfling, but 99% of the work is done with a 1/2" chisel
- Bender, building form, radius dishes. Cheap to make, messy, but well worth the effort
- Go-bars. Plenty. Glue braces, top and back
- About 6 to 8 cam clamps for everything from holding work down to gluing the fingerboard.
- Electric drill/access to a drill press (tuning machine holes and neck bolt holes)
- Heat blanket - seriously, worth the money.
- Couple of hand saws - I like japanese saws, have one mini saw for fine work (6" blade) and a regular crosscut tooth saw for stuff like scarf jointing the headstock.
- Lest we forget: measuring equipment! Harbor Freight has cheap dial guages/indicators, set of calipers is very handy, ditto a variety of rules in different lengths, and get at least one straight edge long enough to check your fingerboard is level.
- Fretting tools -> if you want binding, get the StewMac tang nipping doodad, and go ahead and buy regular nippers and a crowning file.
That's more or less it, really. I use a whole lot more in my building these days, because I have the space, and have spent the money on tooling (bandsaw, thickness sander, various electric sanders), but almost all the guitars I've built to date were made with little more than the above tooling - including electrics. Only other additions are a Dremel for inlay (if you can't afford bigger and badder) and a full sized router for the electric stuff.
Seriously, where there's a will, there's a way.
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, but with limited space it's going to be hard. I have a full woodworking workshop and I still can't afford/be able to make a guitar. If cost isn't an opinion it helps a lot. Your going to need a bandsaw, and drum or thicknessing sander, a bunch of hand tools, and many many mannnnyyyy specialty tools that are quite expensive. If you are interested in starting I recommend a electric first. The time, difficultly, and cost is much less. I hope you can get started in luthiery, it's a lot of fun! Sorry again for the negative comments. 
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You only need a pocket knife, right?
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