Cheap Apartments for Rent in Spencer, IA from $300 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Spencer.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1302 1st Ave N

401-403 S 15th St

Woodland Park - Manson

419 W Cedar St

200 Florence Ave

414 N 9th St

1757 4th Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Eytcheson Estates Sherburn
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1495 17th St SW
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.

422 8th Ave
Spencer, IA Local Guide

How much does it cost to rent an apartment in Spencer?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Spencer Studio Apartments | $1,022 | $880 | $1,340 |
Spencer 1 Bedroom Apartments | $925 | $595 | $1,500 |
Spencer 2 Bedroom Apartments | $1,350 | $725 | $1,700 |
Spencer 3 Bedroom Apartments | $1,501 | $1,235 | $1,850 |
Spencer 4 Bedroom Apartments | $1,082 | $975 | $1,100 |
Browse Top Apartments in Spencer
See all Apartments in SpencerExplore Spencer
Spencer, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Spencer Apartments for Rent and Nearby
 The cheapest available apartment rental in Spencer, IA is a 2 Beds unit found at Rolfe 20-Unit priced from $500. Woodland Park - Manson has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Spencer apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $500 |
Woodland Park - Manson | 1 BR | 1BR,1BA | $600 |
Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $700 |
Park View Apartments | 1 Bed/ 1 Bath | 1BR,1BA | $725 |
Okabena Tower 40+ | 1 BR/1 BA | 1BR,1BA | $785 |
Seneca Place Apartments | 2 Bedroom | 2BR,1BA | $875 |
Cypress Pointe Apartments | 2 Bedroom | 2BR,1BA | $906 |
River Bluff Townhomes | Three Bedroom | 3BR,1BA | $950 |
Windcrest Village Apartments & Townhomes | 1 Bed 1 Bath Apartment | 1BR,1BA | $960 |
Windom Landing | 4 Bedroom - Upper Level | 4BR,2BA | $975 |
Best Value Apartments for Rent in Spencer, IA and Nearby
As of July 24, 2025 the best value apartment in the Spencer area is the $0.67 price per square foot Three Bedroom Model at River Bluff Townhomes in the starting from $950. The second greatest value Spencer apartment is the Three Bedroom Model at Eagle Ridge Townhomes starting at $1,015 with a $0.75 price per square foot . Here is today’s list of the best values for Spencer apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
River Bluff Townhomes | Three Bedroom | 3BR,1.5BA | $0.67 |
Eagle Ridge Townhomes | Three Bedroom | 3BR,1.5BA | $0.75 |
Lakeside Apartments | E - 3 Bedroom | 3BR,2BA | $1.14 |
Windom Landing | 2 Bedroom - Upper Level | 2BR,2BA | $0.84 |
Hillcrest Village Apartments & Townhomes | 2 Bed 1 Bath Apartment | 2BR,1BA | $1.23 |
Deer Creek Apartments | 2 Bed 1 Bath Apartment | 2BR,1BA | $1.23 |
Seneca Place Apartments | 2 Bedroom | 2BR,1BA | $1.12 |
Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.82 |
Woodland Park - Manson | 1 BR | 1BR,1BA | $1.20 |
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.
Best Local Schools in Spencer, IA
Lincoln Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Spencer, IA Rentals by Map
See the most popular apartments and homes in Spencer, IA
Getting Around Spencer, IA
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Spencer Apartments
How much is rent for a Cheap One Bedroom Spencer Apartment?
The lowest price for a Cheap One Bedroom Spencer Apartment is $600 at Woodland Park - Manson.
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 $500 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 River Bluff Townhomes and starts from $950.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.