Take the steaks out of the refrigerator and let them sit at room temperature for about 10 minutes.
In a small bowl, combine the olive oil, garlic powder, onion powder, smoked paprika, salt, and black pepper to create a marinade.
Rub the marinade generously over both sides of the steaks, ensuring they are fully coated. Let them marinate for an additional 5 minutes.
Preheat the air fryer to 400°F (200°C) for about 5 minutes.
Place the steaks in the air fryer basket in a single layer, ensuring they are not overlapping.
Cook the steaks for 10 to 12 minutes, flipping them halfway through the cooking time. Check for an internal temperature of 135°F (57°C) for medium-rare.
Once cooked to your desired doneness, transfer the steaks to a cutting board and let them rest for about 5 minutes.
Slice the steaks against the grain and serve.
Feel free to adjust the seasoning to your taste and serve with your favorite side dishes for a complete meal.