Cheap Apartments for Rent in Spencer, IA from $300 (56 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 to 4 Bedroom Apartments

CHI Spencer

502-602 8th StSpencer, IA 51301
  • 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.

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property at 812 Hills Ave

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695
Total Monthly Price
$695

1 Bedroom, 1 Bath Home for Rent

Available Now

812 Hills Ave

JacksonMN56143

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.

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property at 114 S Main St

$850

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

3 Bedroom, 2 Bath Home for Rent

Available Now

114 S Main St

SherburnMN56171
property at 810 E 2nd St

$850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

810 E 2nd St

Blue EarthMN56013
property at 416 E 4th St

$860

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$860
Total Monthly Price
$860

2 Bedroom, 1 Bath Townhome for Rent

Available Now

416 E 4th St

FairmontMN56031
property at 404 W 1st St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

404 W 1st St

Lake ParkIA51347
property at 105 S Hwy

$893

Total Monthly Price

Total Monthly Price

Base Rent
$893
Total Monthly Price
$893

2 Bedroom Rentals

Available Now

105 S Hwy

JacksonMN56143

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Willow Creek Place
1 Bedroom Apartments

Willow Creek Place

620 14th Ave NELe Mars, IA 51031
Senior Living
  • Utilities Included
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Country Side
1 to 3 Bedroom Apartments

Country Side

117 E Walnut StBurt, IA 50522
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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
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Rolfe 20-Unit
1 to 2 Bedroom Apartments

Rolfe 20-Unit

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

Damax Apartments

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

Heartland Senior Housing

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

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
  • 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.

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Buffalo Ridge Apartments
1 to 2 Bedroom Apartments

Buffalo Ridge Apartments

2107 Nobles StWorthington, MN 56187
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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City Centre Apartments
Studio to 3 Bedroom Apartments

City Centre Apartments

109 E Luverne StLuverne, MN 56156
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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
  • Utilities Included
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
  • Utilities Included

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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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 Country Side 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
Country Side1 Bedroom1BR,1BA$425
Rolfe 20-Unit1 Bedroom1BR,1BA$495
501 W 1st St S2 BED/1 BATH2BR,1BA$600
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
Sunshine Apartments1 Bedroom and 1 bathroom1BR,1BA$725
Woodland Park - Manson1 BR1BR,1BA$725
District 29 Apartments & TownhomesStudio ApartmentStudio,1BA$760
Tallgrass VillageStudio ApartmentStudio,1BA$765

Best Value Apartments for Rent in Spencer, IA and Nearby

As of June 19, 2026 the best value apartment in the Spencer area is the $0.79 price per square foot Three Bedroom Model at Eagle Ridge Townhomes in the starting from $1,065. The second greatest value Spencer apartment is the 2 Bedroom - Upper Level Model at Windom Landing starting at $975 with a $0.84 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$0.79
Windom Landing2 Bedroom - Upper Level2BR,2BA$0.84
Trimont Square Apartments1 Bed, 1 bath1BR,1BA$1.04
Fair View by KadingCottage - 22BR,1BA$1.00
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
501 W 1st St S1 BED/1 BATH1BR,1BA$0.84
1511 S Grand Plaza Dr, Unit D1511 S Grand Plaza Dr2BR,1BA$1.07
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.

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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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Best Local Schools in
Spencer, IA

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

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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 District 29 Apartments & Townhomes listed at $760.

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

The lowest price for a Cheap One Bedroom Spencer Apartment is $425 at Country Side.

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 Eagle Ridge Townhomes and starts from $1,065.

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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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.

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.