
Cheap Homes for Rent in Spencer, IA from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.


117 S Rutledge St

305 W Wenberg St
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.

2011 Great Bend Blvd

301 S Prairie St

301 Luverne St.

1507 Jackson Ave
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.

504 8th Ave
Spencer, IA Local Guide

How much does it cost to rent a home in Spencer?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Spencer 2 Bedroom Homes for Rent | $1,024 | $795 | $1,300 |
Spencer 3 Bedroom Homes for Rent | $1,564 | $1,300 | $2,500 |
Spencer 4 Bedroom Homes for Rent | $1,200 | $1,200 | $1,200 |
Browse Top Homes for Rent in Spencer
Explore Spencer
Spencer, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rolfe 20-Unit | 1 Bedroom | 1BR,1BA | $400 |
Burt 18-Unit (Countryside Properties) | 1 Bedroom Renovated | 1BR,1BA | $550 |
Eytcheson Estates Sherburn | 2 Bedroom | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Windom Landing | 4 Bedroom - Lower Level | 4BR,2BA | $0.71 |
301 Buena Vista Street, Unit Unit 4 | 301 Buena Vista Street | 2BR,1BA | $1.03 |
Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
Eytcheson Estates Welcome | 1 Bedroom | 2BR,1BA | $0.93 |
1551 Falcon Dr, Unit 201 | 1551 Falcon Dr | 2BR,1BA | $0.92 |
650 Summit Dr, Unit 8 | 650 Summit Dr | 2BR,1BA | $1.02 |
808 Hills Ave, Unit 1 | 808 Hills Ave | 1BR,1BA | $1.00 |
551 Lakeview Rd, Unit 1 | 551 Lakeview Rd | 1BR,1BA | $1.00 |
Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.82 |
214 S 21st St, Unit 1 | 214 S 21st St | 1BR,1BA | $0.99 |
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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
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.

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.