Cheap Homes for Rent in Spencer, IA from $700 (9 Rentals)

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

property at 305 W Wenberg St

305 W Wenberg St

DunnellMN56127

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.

property at 2011 Great Bend Blvd
property at 301 S Prairie St

301 S Prairie St

SherburnMN56171
property at 301 Luverne St.

301 Luverne St.

MagnoliaMN56158

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.

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 Rolfe 20-Unit priced from $400. Burt 18-Unit (Countryside Properties) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rolfe 20-Unit1 Bedroom1BR,1BA$400
Burt 18-Unit (Countryside Properties)1 Bedroom Renovated1BR,1BA$550
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701

Best Value Apartments for Rent in Spencer, IA and Nearby

As of October 05, 2025 the best value apartment in the Spencer area is the $0.71 price per square foot 4 Bedroom - Lower Level Model at Windom Landing in the starting from $975. The second greatest value Spencer apartment is the 301 Buena Vista Street Model at 301 Buena Vista Street, Unit Unit 4 starting at $875 with a $1.03 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.
Windom Landing4 Bedroom - Lower Level4BR,2BA$0.71
301 Buena Vista Street, Unit Unit 4301 Buena Vista Street2BR,1BA$1.03
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
1551 Falcon Dr, Unit 2011551 Falcon Dr2BR,1BA$0.92
650 Summit Dr, Unit 8650 Summit Dr2BR,1BA$1.02
808 Hills Ave, Unit 1808 Hills Ave1BR,1BA$1.00
551 Lakeview Rd, Unit 1551 Lakeview Rd1BR,1BA$1.00
Rolfe 20-Unit2 Bedroom2BR,1BA$0.82
214 S 21st St, Unit 1214 S 21st St1BR,1BA$0.99

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

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Frequently Asked Questions about Spencer

What type of rentals are currently available in Spencer?

There are currently 74 Apartments for Rent in Spencer, IA with pricing that ranges from $550 to $3,638. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $795 to $2,500.

What is the current price range for Rental Homes in Spencer?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Spencer ranges from $795 to $2,500 with an average monthly rent of $1,190.

How much are larger Three and Four Bedroom Rentals in Spencer?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Spencer range from $1,365 to $3,638, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $975.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.