- 1–2 Bedrooms
- $945-$1,325 Pricing
- 688–976 Square Feet
Rent Specials
1 MONTH FREE RENT!~~Limited time move-in special. Sign a lease at The Banks and get one month free on a 13-month lease! Terms and conditions may apply. Contact our leasing team for more information.
About The Banks Apartments
Welcome to The Banks Apartments, a brand-new apartment community NOW LEASING in Spencer, IA. Designed with modern living in mind, The Banks offers spacious, stylish apartments with thoughtfully designed interiors and convenient features to make you feel right at home. At The Banks, residents can enjoy comfortable living in a welcoming community with amenities designed for everyday convenience and connection. Whether you're relaxing at home or enjoying the community spaces, The Banks offers a fresh, modern place to call home in Spencer. Ready to make The Banks your new home? Schedule a tour today! Pets allowed with additional pet fee & pet rent. *Rent rates and availability are subject to change. Images, 3D tours, and renderings of units may be similar to available units and do not necessarily represent the specific units available. Professionally leased and managed by Talon Property Management, LLC. The Banks is an apartment community located in Spencer, Iowa, in Clay County and the 51301 ZIP Code. This area is served by the Spencer Community School District.
The Banks Apartments is located in the 51301 Zip code of Spencer, IA.
Unique Features and Amenities
- ADA Compliance Units
- Off-Street Parking
- On-Site Management
- Pets Allowed
- Range/Stove
- Secured Entry
Property Contact Info
- Listed by:
- Agency:
- Vendor Logo:
- Website:
- View Property Website
- Call Us:
- (712) 487-4050
- Disclaimer:
Floorplan Pricing and Availability
The Banks Apartments offers 1 to 2 Bedroom apartments starting from $945 and having 688–976 sq ft. Here is the current pricing and availability:
New! Interactive Property Map
ApartmentHomeLiving.com's new Interactive Property Map allows you to see where every available unit is located at this community.Try It Now >1 Bedroom
1 Bedroom 1 Bathroom Apartment (C-1)
$945
1 Bed, 1 Bath, 688 sq ftAvailable Oct 1Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft View Details $945 October 1, 2026 103 688 $945 October 1, 2026 104 688 $945 October 1, 2026 108 688 Model Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Model Rent and Fees
Model Price
- $945
Unit 103 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 103 Rent and Fees
Unit Price
- $945
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $945
Unit 104 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 104 Rent and Fees
Unit Price
- $945
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $945
Unit 108 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 108 Rent and Fees
Unit Price
- $945
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $945
Apartment Model: 1 Bedroom 1 Bathroom Apartment (C-1)From $9451 Bedroom, 1 Bath, 688 sq ftAvailable October 1, 2026![]()
1 Bedroom 1 Bathroom Apartment (C-1) - Image Apartment Unit: 103Apartment Model: 1 Bedroom 1 Bathroom Apartment (C-1)$9451 Bedroom, 1 Bath, 688 sq ftAvailable October 1, 2026Apartment Unit: 104Apartment Model: 1 Bedroom 1 Bathroom Apartment (C-1)$9451 Bedroom, 1 Bath, 688 sq ftAvailable October 1, 2026Apartment Unit: 108Apartment Model: 1 Bedroom 1 Bathroom Apartment (C-1)$9451 Bedroom, 1 Bath, 688 sq ftAvailable October 1, 20261 Bed 1 Bath Apartment (E-1)
$945
1 Bed, 1 Bath, 688 sq ftAvailable Oct 1Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft $945 October 1, 2026 310 688 Unit 310 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 310 Rent and Fees
Unit Price
- $945
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $945
Apartment Model: 1 Bed 1 Bath Apartment (E-1)$9451 Bedroom, 1 Bath, 688 sq ftAvailable October 1, 2026![]()
1 Bed 1 Bath Apartment (E-1) - Image Apartment Unit: 310Apartment Model: 1 Bed 1 Bath Apartment (E-1)$9451 Bedroom, 1 Bath, 688 sq ftAvailable October 1, 20262 Bedrooms
2 Bed 1 Bath Apartment (F-1)
$1,165
2 Beds, 1 Bath, 907 sq ftAvailable Oct 1Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this PropertyModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft View Details $1,165 October 1, 2026 201 907 $1,165 October 1, 2026 301 907 Model Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Model Rent and Fees
Model Price
- $1,165
Unit 201 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 201 Rent and Fees
Unit Price
- $1,165
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,165
Unit 301 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 301 Rent and Fees
Unit Price
- $1,165
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,165
Apartment Model: 2 Bed 1 Bath Apartment (F-1)From $1,1652 Bedroom, 1 Bath, 907 sq ftAvailable October 1, 2026![]()
2 Bed 1 Bath Apartment (F-1) - Image Apartment Unit: 201Apartment Model: 2 Bed 1 Bath Apartment (F-1)$1,1652 Bedroom, 1 Bath, 907 sq ftAvailable October 1, 2026Apartment Unit: 301Apartment Model: 2 Bed 1 Bath Apartment (F-1)$1,1652 Bedroom, 1 Bath, 907 sq ftAvailable October 1, 20262 Bedroom 1 Bathroom (A-1)
$1,195
2 Beds, 1 Bath, 970 sq ftAvailable Oct 1Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft View Details $1,195 October 1, 2026 105 970 $1,195 October 1, 2026 107 970 $1,195 October 1, 2026 205 970 Model Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Model Rent and Fees
Model Price
- $1,195
Unit 105 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 105 Rent and Fees
Unit Price
- $1,195
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,195
Unit 107 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 107 Rent and Fees
Unit Price
- $1,195
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,195
Unit 205 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 205 Rent and Fees
Unit Price
- $1,195
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,195
Apartment Model: 2 Bedroom 1 Bathroom (A-1)From $1,1952 Bedroom, 1 Bath, 970 sq ftAvailable October 1, 2026![]()
2 Bedroom 1 Bathroom (A-1) - Image Apartment Unit: 105Apartment Model: 2 Bedroom 1 Bathroom (A-1)$1,1952 Bedroom, 1 Bath, 970 sq ftAvailable October 1, 2026Apartment Unit: 107Apartment Model: 2 Bedroom 1 Bathroom (A-1)$1,1952 Bedroom, 1 Bath, 970 sq ftAvailable October 1, 2026Apartment Unit: 205Apartment Model: 2 Bedroom 1 Bathroom (A-1)$1,1952 Bedroom, 1 Bath, 970 sq ftAvailable October 1, 20262 Bedroom 1 Bathroom Apartment (D-1)
$1,195
2 Beds, 1 Bath, 976 sq ftAvailable Oct 1Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft View Details $1,195 October 1, 2026 106 976 $1,195 October 1, 2026 206 976 $1,195 October 1, 2026 306 976 Model Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Model Rent and Fees
Model Price
- $1,195
Unit 106 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 106 Rent and Fees
Unit Price
- $1,195
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,195
Unit 206 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 206 Rent and Fees
Unit Price
- $1,195
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,195
Unit 306 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 306 Rent and Fees
Unit Price
- $1,195
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,195
Apartment Model: 2 Bedroom 1 Bathroom Apartment (D-1)From $1,1952 Bedroom, 1 Bath, 976 sq ftAvailable October 1, 2026![]()
2 Bedroom 1 Bathroom Apartment (D-1) - Image Apartment Unit: 106Apartment Model: 2 Bedroom 1 Bathroom Apartment (D-1)$1,1952 Bedroom, 1 Bath, 976 sq ftAvailable October 1, 2026Apartment Unit: 206Apartment Model: 2 Bedroom 1 Bathroom Apartment (D-1)$1,1952 Bedroom, 1 Bath, 976 sq ftAvailable October 1, 2026Apartment Unit: 306Apartment Model: 2 Bedroom 1 Bathroom Apartment (D-1)$1,1952 Bedroom, 1 Bath, 976 sq ftAvailable October 1, 20262 Bedroom 2 Bathroom Apartment (B-1)
$1,325
2 Beds, 2 Baths, 976 sq ftAvailable Oct 1Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft View Details $1,325 October 1, 2026 102 976 $1,325 October 1, 2026 202 976 $1,325 October 1, 2026 302 976 Model Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Model Rent and Fees
Model Price
- $1,325
Unit 102 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 102 Rent and Fees
Unit Price
- $1,325
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,325
Unit 202 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 202 Rent and Fees
Unit Price
- $1,325
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,325
Unit 302 Amenities and Features
Kitchen
- Microwave
- Refrigerator
Unique Features
- Range/Stove
Unit 302 Rent and Fees
Unit Price
- $1,325
View Details and Rent EstimateUnit Description
The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes and functional layouts.
Model Rent and Fees
Price
- $1,325
Apartment Model: 2 Bedroom 2 Bathroom Apartment (B-1)From $1,3252 Bedroom, 2 Bath, 976 sq ftAvailable October 1, 2026![]()
2 Bedroom 2 Bathroom Apartment (B-1) - Image Apartment Unit: 102Apartment Model: 2 Bedroom 2 Bathroom Apartment (B-1)$1,3252 Bedroom, 2 Bath, 976 sq ftAvailable October 1, 2026Apartment Unit: 202Apartment Model: 2 Bedroom 2 Bathroom Apartment (B-1)$1,3252 Bedroom, 2 Bath, 976 sq ftAvailable October 1, 2026Apartment Unit: 302Apartment Model: 2 Bedroom 2 Bathroom Apartment (B-1)$1,3252 Bedroom, 2 Bath, 976 sq ftAvailable October 1, 2026
Schedule a Tour
Property Information
- 30 Units
- 3 Stories
- Built in 2026
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.
Required Fees
One-Time Basics
- Due at Application
- Security Deposit - RefundableiCharged Per Unit.$500.00
- Application Fee Per ApplicantiCharged Per Applicant.$59.00
- Due at Move-In
- Administrative FeeiCharged Per Unit.$99.00
- Service FeeiCharged per unit.$200.00
Utilities
- Utility Service FeeiCharged Per Unit.$6.00/mo
Other Fees and Policies
Personal Add-Ons
- Liability Waiver ProgramiCharged per unit.$14.00/mo
Pet Fees
- Cat
- Pet FeeiCharged Per Pet.$480.00
- Monthly Pet FeeiCharged Per Pet.$45.00/mo
- Dog
- Pet FeeiCharged Per Unit.$480.00
- Monthly Pet FeeiCharged Per Pet.$45.00/mo
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Features and Amenities
Unique Amenities
- ADA Compliance Units
- Off-Street Parking
- On-Site Management
- Pets Allowed
- Range/Stove
- Secured Entry
On-Site Services
- Maintenance On Site
- Property Manager On Site
- 24 Hour Access
Outdoor Features
- Controlled Access
Interior Features
- High Speed Internet Access
- Heating
- Tub/Shower
- Washer/Dryer
- Air Conditioning
- Smoke Free
Kitchen Amenities
- Kitchen
- Microwave
- Range
- Refrigerator
- Oven
Map
- Shopping
- Colleges
- Grocery
- Medical
Map
Getting Around
40 / 100 Fairly walkable
60 / 100 Moderately bikeable
80 / 100 Very car friendly
detailsGetting to Know the Area
40 / 100 Restaurants
30 / 100 Cafes
20 / 100 Nightlife
40 / 100 Shopping
100 / 100 Noise Level
Frequently Asked Questions about The Banks Apartments
Where is The Banks Apartments located?
The Banks Apartments is located at 410 8th St SE, Spencer, IA
What is the current rent range at The Banks Apartments?
1 Bedroom to 2 Bedroom Apartments at The Banks Apartments currently range from $945 to $1,325
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Are there any rent specials?
The current rent special at The Banks Apartments is: 1 MONTH FREE RENT!~~Limited time move-in special. Sign a lease at The Banks and get one month free on a 13-month lease! Terms and conditions may apply. Contact our leasing team for more information..
Nearby Schools
Spencer High School
Lincoln Elementary School
Johnson Elementary School
Spencer Middle School
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from The Banks Apartments.
Big Box and Retail
Jcpenney
Radioshack
Walgreens
Colleges and Universities
Iowa Lakes Community College - Spencer Campus
Groceries
Hy-Vee
Hospitals
Shopping Centers
The Banks Apartments has 3 shopping centers within 0.9 miles.
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spencer Studio Apartments | $854 | $710 | $1,050 |
| Spencer 1 Bedroom Apartments | $929 | $665 | $1,245 |
| Spencer 2 Bedroom Apartments | $1,212 | $695 | $1,650 |
| Spencer 3 Bedroom Apartments | $1,622 | $1,245 | $1,850 |
| Spencer 4 Bedroom Apartments | $1,143 | $1,000 | $1,720 |
| 2 Bedroom Homes | $1,272 | $700 | $2,200 |
| 3 Bedroom Homes | $1,352 | $850 | $3,000 |
| 4 Bedroom Homes | $1,683 | $1,350 | $2,100 |
| 5 Bedroom Homes | $2,000 | $2,000 | $2,000 |
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