Cheap Apartments for Rent near East Spencer, NC from $795 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in East Spencer.

Rent According to Income: A Look at Income-Restricted Rentals

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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East Winds Apartments
1 to 2 Bedroom Apartments

East Winds Apartments

420 N Boundary StSalisbury, NC 28144
Senior Living
  • Utilities Included
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Parkview Apartments
Studio to 2 Bedroom Apartments

Parkview Apartments

215-217 W 3rd AveLexington, NC 27292
  • Utilities Included
property at 1119 Grady St
$950

Total Monthly Price

Base Rent$950
Total Monthly Price$950
2 Bedroom, 1 Bath Home for Rent
Available Now

1119 Grady St

SalisburyNC28144
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530 Park Ave
1 Bedroom Apartments

530 Park Ave

530 Park AveSalisbury, NC 28144
  • Smoke Free

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Ashton Woods
1 to 3 Bedroom Apartments

Ashton Woods

1100 Bringle Ferry RdSalisbury, NC 28144
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30 E 4th St
2 to 3 Bedroom Apartments

30 E 4th St

30 E 4th StLexington, NC 27292
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East Spencer, NC Local Guide

Cheapest Available East Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in East Spencer, NC is a Studio unit found at Lakewood I and II Apartment Homes in the Westwood neighborhood priced from $795. Lexington Park Apartments in the Davidson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $920. Here is today’s list of the most affordable East Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood I and II Apartment HomesStudioStudio,1BA$795
Lexington Park ApartmentsCozy One Bedroom Apartment Home1BR,1BA$920
Wilson Street1BR/1.0BA1BR,1BA$945
Fleming Heights Apartments1 Bedroom1BR,1BA$950
306 N Jackson Street1BR/1.0BA1BR,1BA$950
Alexander Station Apartment HomesStudio- Alexander StationStudio,1BA$995
27 Hege Drive2/12BR,1BA$995
Lexington StationThe Retreat1BR,1BA$1,050
Laurel Pointe2A2BR,2BA$1,050
The Ridges1 Bedroom1BR,1BA$1,050

Best Value Apartments for Rent in East Spencer, NC and Nearby

As of September 16, 2026 the best value apartment in the East Spencer area is the $1.15 price per square foot Biltmore Model at Salisbury Village at Castlewood in the in the Summit Coporate Center neighborhood starting from $1,662. The second greatest value East Spencer apartment is the 117 E Innes St Model at 117 E Innes St, Unit 117-A E Innes St starting at $1,765 with a $1.31 price per square foot in the Davidson neighborhood. Here is today’s list of the best values for East Spencer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Salisbury Village at CastlewoodBiltmore3BR,2BA$1.15
117 E Innes St, Unit 117-A E Innes St117 E Innes St2BR,2BA$1.31
The Grand on JulianThe Cardinal - w/ Sunroom2BR,2BA$1.22
Crown Point Luxury Apartments at Kingsport2x2 Deluxe-Call For Availability2BR,2BA$1.34
Courtyard on Main2 Bedroom 1.5 Bathroom2BR,1.5BA$1.24
Nu Salisbury SouthTwo Bedroom 1 Bathroom2BR,1BA$1.11
Laurel Pointe2A2BR,2BA$1.03
The Retreat at Kannapolis2Bd 1.5Bth TH Reno2BR,1.5BA$1.25
Beautiful Chesney Woods Townhomes2BR/1.5BA2BR,1.5BA$1.32
Wilson Street1BR/1.0BA1BR,1BA$1.05

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
East Spencer, NC

Ranked #128

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore East Spencer, NC Rentals by Map

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See the most popular apartments and homes in East Spencer, NC

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Frequently Asked Questions about Cheap East Spencer Apartments

What is the Cheapest Studio apartment in East Spencer?

Currently the most affordable Cheap Studio Apartment in East Spencer is at Lakewood I and II Apartment Homes listed at $795.

How much is rent for a Cheap One Bedroom East Spencer Apartment?

The lowest price for a Cheap One Bedroom East Spencer Apartment is $905 at Lakewood I and II Apartment Homes.

What is the lowest price for a Cheap Two Bedroom East Spencer Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in East Spencer is starting from $995 at 27 Hege Drive.

What is the most affordable East Spencer Three Bedroom Apartment?

The best deal on a cheap East Spencer Three Bedroom Apartment rental is at Laurel Pointe and starts from $1,204.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.