
Cheap Homes for Rent in East Spencer, NC from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in East Spencer.


501 E Franklin St

821 E Lafayette St

907 S Jackson St

821 E Lafayette St, Unit 821

821 E Lafayette St, Unit 839
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.

839 E Lafayette St

107 S Walnut Gq St

821 E Lafayette St, Unit 823

823 E Lafayette St

322 W McCubbins St

143 Bluebird Ln
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
East Spencer, NC Local Guide

How much does it cost to rent a home in East Spencer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Spencer 2 Bedroom Homes for Rent | $1,187 | $995 | $1,500 |
| East Spencer 3 Bedroom Homes for Rent | $1,595 | $1,100 | $2,500 |
| East Spencer 4 Bedroom Homes for Rent | $2,066 | $1,799 | $2,250 |
| East Spencer 5 Bedroom Homes for Rent | $2,450 | $2,450 | $2,450 |
Browse Top Homes for Rent in East Spencer
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East Spencer, NC Local Guide
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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 $685. 27 Hege Drive in the Davidson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here is today’s list of the most affordable East Spencer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakewood I and II Apartment Homes | Studio | Studio,1BA | $685 |
| 27 Hege Drive | 1/1 | 1BR,1BA | $745 |
| North Point and Hallmark Apartments | TOWNHOME (HALLMARK) | 2BR,1BA | $800 |
| Alexander Station Apartment Homes | One Bedroom--Alexander Station 450 sqft | 1BR,1BA | $885 |
| Northwood Apartment Homes | Studio | Studio,1BA | $905 |
Best Value Apartments for Rent in East Spencer, NC and Nearby
As of July 08, 2026 the best value apartment in the East Spencer area is the $1.31 price per square foot 2 Bedroom 1.5 Bathroom Model at Courtyard on Main in the in the Davidson neighborhood starting from $1,450. The second greatest value East Spencer apartment is the Havencrest Model at Salisbury Village at Castlewood starting at $1,362 with a $1.26 price per square foot in the Summit Coporate Center neighborhood. Here is today’s list of the best values for East Spencer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Courtyard on Main | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.31 |
| Salisbury Village at Castlewood | Havencrest | 2BR,2BA | $1.26 |
| North Point and Hallmark Apartments | TOWNHOME (NORTH POINT) | 2BR,1.5BA | $0.86 |
| Laurel Pointe | 2A | 2BR,2BA | $1.03 |
| The Retreat at Kannapolis | 2Bd 1.5Bth TH Reno | 2BR,1.5BA | $1.25 |
| The Vive at Kellswater | A2 The Sequoia - One Bedroom, One Bathroom | 1BR,1BA | $1.34 |
| Meadow Creek | 2 Bedroom 1.5 Bath Garden | 2BR,1.5BA | $1.33 |
| Fairview Village | 2 Bedroom Townhouse | 2BR,1.5BA | $1.28 |
| Forest Village | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.25 |
| Nu Salisbury South | One Bedroom One Bath | 1BR,1BA | $1.29 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about East Spencer
What type of rentals are currently available in East Spencer?
There are currently 69 Apartments for Rent in East Spencer, NC with pricing that ranges from $685 to $2,726. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Spencer ranging from $700 to $2,500.
What is the current price range for Rental Homes in East Spencer?
Today's rental pricing for Homes for Rent, Condos and Townhomes in East Spencer ranges from $700 to $2,500 with an average monthly rent of $1,609.
How much are larger Three and Four Bedroom Rentals in East Spencer?
For those who are looking for larger living arrangements, Three Bedroom Apartments in East Spencer range from $1,066 to $2,726, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,799 and Four Bedroom Apartments start at $1,330.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.