Cheap Apartments for Rent in Spencer, IA from $600 (72 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
416 E 18th St, Unit #1
$750

Total Monthly Price

Base Rent$750
Total Monthly Price$750
2 Bedroom Apartment Available Now

416 E 18th St, Unit #1

416 E 18th StSpencer, IA 51301
  • Smoke Free
close
View Me
UDMO Apartments
1 to 2 Bedroom Apartments

UDMO Apartments

1302-1350 S Grand Plaza DrSpencer, IA 51301
close
View Me
Dodecagon Plaza
1 to 2 Bedroom Apartments

Dodecagon Plaza

1212 S Grand AveSpencer, IA 51301
  • Utilities Included
close
View Me
CHI Spencer
2 to 4 Bedroom Apartments

CHI Spencer

502-602 8th StSpencer, IA 51301
  • Utilities Included

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
property at 15 N Lawler St
$700

Total Monthly Price

Base Rent$700
Total Monthly Price$700
2 Bedroom, 1 Bath Condo for Rent
Available Now

15 N Lawler St, Unit 1

15 N Lawler St
EmmetsburgIA50536
close
View Me
114 W 14th St
$750 - $850

Total Monthly Price

Base Rent$750 - $850
Total Monthly Price$750 - $850
1 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For Availability

114 W 14th St

114 W 14th StBlue Earth, MN 56013
  • Verified
  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
property at 233 N 2nd Ave E
$850

Total Monthly Price

Base Rent$850
Total Monthly Price$850
2 Month Lease Term
3 Bedroom, 1.5 Bath Home for Rent
Available Now

233 N 2nd Ave E

TrumanMN56088
close
View Me
Ashley Estates
$895 - $1,085

Total Monthly Price

Base Rent$895 - $1,085
Total Monthly Price$895 - $1,085
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Ashley Estates

314 1st StJackson, MN 56143
  • Verified
  • Utilities Included
  • Smoke Free
property at 401 N Elm St
$900

Total Monthly Price

Base Rent$900
Total Monthly Price$900
1 Month Lease Term
3 Bedroom, 1.5 Bath Home for Rent
Available Sep 30

401 N Elm St

FairmontMN56031
  • Smoke Free

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.

Read Article
property at 601 W 2ND ST
$975

Total Monthly Price

Base Rent$975
Total Monthly Price$975
2 Bedroom, 1 Bath Townhome for Rent
Available Now

601 W 2ND ST, Unit A

601 W 2ND ST
AltaIA51002
property at 1204 Hill Ave
$1,000

Total Monthly Price

Base Rent$1,000
Total Monthly Price$1,000
2 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

1204 Hill Ave

Spirit LakeIA51360
  • Smoke Free
close
View Me
Willow Creek Place
1 Bedroom Apartments

Willow Creek Place

620 14th Ave NELe Mars, IA 51031
Senior Living
  • Utilities Included

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.

Read Article
close
View Me
Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
  • Utilities Included
close
View Me
Rolfe 20-Unit
1 to 2 Bedroom Apartments

Rolfe 20-Unit

1106-1108 Elm StRolfe, IA 50581
close
View Me
Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
  • Utilities Included
close
View Me
Heartland Senior Housing
1 to 2 Bedroom Apartments

Heartland Senior Housing

610 Central AveFort Dodge, IA 50501
Senior Living
  • Utilities Included
close
View Me
Tanglewood Estates
1 to 2 Bedroom Apartments

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
  • Utilities Included
close
View Me
Buffalo Ridge Apartments
1 to 2 Bedroom Apartments

Buffalo Ridge Apartments

2107 Nobles StWorthington, MN 56187
Senior Living
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 2

Spencer, IA Local Guide

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, IA is a 1 Bed unit found at Burt 18-Unit (Countryside Properties) priced from $425. Rolfe 20-Unit has the second lowest priced unit, which is a 1 Bed apartment currently listed from $495. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burt 18-Unit (Countryside Properties)1 Bedroom1BR, 1BA$425
Rolfe 20-Unit1 Bedroom1BR, 1BA$495
501 W 1st St S2 BED/1 BATH2BR, 1BA$600
Eytcheson Estates Welcome1 Bedroom2BR, 1BA$701
Tallgrass VillageStudio ApartmentStudio, 1BA$715
Park View Apartments1 Bed/ 1 Bath1BR, 1BA$725
Sunshine Apartments1 Bedroom and 1 bathroom1BR, 1BA$725
Seneca Place Apartments1 Bedroom1BR, 1BA$775
Lewis Hotel ApartmentsStudioStudio, 1BA$800

Best Value Apartments for Rent in Spencer, IA and Nearby

As of September 22, 2026 the best value apartment in the Spencer area is the $0.90 price per square foot 3Br2Ba Model at Phillips Luxury Apartments starting from $1,860. The second greatest value Spencer apartment is the 4bed/2bath Model at Windom Landing starting at $1,100 with a $0.76 price per square foot. Here is today’s list of the best values for Spencer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Phillips Luxury Apartments3Br2Ba3BR, 2BA$0.90
Windom Landing4bed/2bath4BR, 2BA$0.76
416 E 18th St, Unit #1416 E 18th St2BR, 1BA$0.79
Trimont Square Apartments1 Bed, 1 bath1BR, 1BA$1.04
Fair View by KadingCottage - 22BR, 1BA$1.00
Nobles Square Apartments2 Bedroom2BR, 1BA$1.11
Eytcheson Estates Welcome1 Bedroom2BR, 1BA$0.93
501 W 1st St S1 BED/1 BATH1BR, 1BA$0.84
Rolfe 20-Unit2 Bedroom2BR, 1BA$0.97
Sunshine Apartments1 Bedroom and 1 bathroom1BR, 1BA$1.21

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 Article
Decorative image

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.

Read Article

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Spencer, IA

School data provided by Great Schools

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

Explore Spencer, IA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Spencer, IA

View Map
Spencer, IA Apartments Map
View Map
Spencer, IA Rental Homes Map

Frequently Asked Questions about Cheap Spencer Apartments

What is the Cheapest Studio apartment in Spencer?

Currently the most affordable Cheap Studio Apartment in Spencer is at Tallgrass Village listed at $715.

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

The lowest price for a Cheap One Bedroom Spencer Apartment is $425 at Burt 18-Unit (Countryside Properties).

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

Today's best deal for a Cheap Two Bedroom Apartment in Spencer is starting from $595 at Rolfe 20-Unit.

What is the most affordable Spencer Three Bedroom Apartment?

The best deal on a cheap Spencer Three Bedroom Apartment rental is at Seneca Place Apartments and starts from $975.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

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

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.