Cheap Apartments for Rent in Spencer, IA from $300 (37 Rentals)

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

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UDMO Apartments
1 to 2 Bedroom Apartments

UDMO Apartments

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

Dodecagon Plaza

1212 S Grand AveSpencer, IA 51301
  • Utilities Included
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CHI Spencer
2 Bedroom Apartments

CHI Spencer

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

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.

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.

property at 808 Hills Ave

808 Hills Ave

JacksonMN56143
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Willow Creek Place
1 Bedroom Apartments

Willow Creek Place

620 14th Ave NELe Mars, IA 51031
  • Utilities Included
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Rolfe 20-Unit
2 Bedroom Apartments

Rolfe 20-Unit

1106-1108 Elm StRolfe, IA 50581
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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
  • Utilities Included

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.

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602 E Warren St
1 to 2 Bedroom Apartments

602 E Warren St

602 E Warren StLuverne, MN 56156
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Tanglewood Estates
1 Bedroom Apartments

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
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Heartland Senior Housing
1 to 2 Bedroom Apartments

Heartland Senior Housing

610 Central AveFort Dodge, IA 50501
Senior Living
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919 N 29th St
1 Bedroom Apartments

919 N 29th St

919 N 29th StFort Dodge, IA 50501
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109 E Luverne St
1 to 2 Bedroom Apartments

109 E Luverne St

109 E Luverne StLuverne, MN 56156
  • Utilities Included

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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Fonda Apartments
1 to 2 Bedroom Apartments

Fonda Apartments

304 Fairburn StFonda, IA 50540
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Woodland Park - Holstein
1 Bedroom Apartments

Woodland Park - Holstein

400 Minnesota StHolstein, IA 51025
Senior Living
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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 $450. Rolfe 20-Unit has the second lowest priced unit, which is a 2 Beds apartment currently listed from $500. 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$450
Rolfe 20-Unit2 Bedroom2BR,1BA$500
Woodland Park - Manson1 BR1BR,1BA$600
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$680
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$700
Windcrest Village Apartments & TownhomesStudio ApartmentStudio,1BA$760
Okabena Tower 40+1 BR/1 BA1BR,1BA$785
Seneca Place Apartments2 Bedroom2BR,1BA$875

Best Value Apartments for Rent in Spencer, IA and Nearby

As of June 23, 2025 the best value apartment in the Spencer area is the $0.75 price per square foot Three Bedroom Model at Eagle Ridge Townhomes in the starting from $1,015. The second greatest value Spencer apartment is the E - 3 Bedroom Model at Lakeside Apartments starting at $1,399 with a $1.14 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.
Eagle Ridge TownhomesThree Bedroom3BR,1.5BA$0.75
Lakeside ApartmentsE - 3 Bedroom3BR,2BA$1.14
Windom Landing2 Bedroom - Upper Level2BR,2BA$0.84
Phillips Luxury Apartments2BR1BAb2BR,1BA$1.14
Seneca Place Apartments2 Bedroom2BR,1BA$1.12
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$1.09
Rolfe 20-Unit2 Bedroom2BR,1BA$0.82
172 North St, Unit 172172 North St1BR,1BA$0.89
1602 11th St, Unit B Main Floor1602 11th St1BR,1BA$1.18

Quick Rent Budget Calculator

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

Explore Spencer, IA Rentals by Map

View MapSpencer, IA Apartments MapView MapSpencer, IA Rental Homes Map

Getting Around Spencer, IA

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $450 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 $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 Eagle Ridge Townhomes and starts from $1,015.

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.

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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.

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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.