700 Central Ave
Fort DodgeIA50501
Cheap Homes for Rent near Spencer, IA from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.
334 Center St
BarnumIA50518
335 Elm St
BarnumIA50518
1109 Central Ave
Fort DodgeIA50501
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.
614 N 12th St
Fort DodgeIA50501
729 Westridge Rd
Fort DodgeIA50501
727 Westridge Rd
Fort DodgeIA50501
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$8002 Bedroom Apartments Available Now
720 1st St NE
720 1st St NEHartley, IA 51346
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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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 | $934 | $750 | $1,200 |
| Spencer 3 Bedroom Homes for Rent | $1,300 | $850 | $1,700 |
| Spencer 4 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Top Homes for Rent in Spencer
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Spencer, IA Local Guide
- Nearby Cities
- ZIP codes
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Country Side | 1 Bedroom | 1BR,1BA | $425 |
| Rolfe 20-Unit | 1 Bedroom | 1BR,1BA | $495 |
| 501 W 1st St S | 2 BED/1 BATH | 2BR,1BA | $600 |
Best Value Apartments for Rent in Spencer, IA and Nearby
As of July 10, 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 - Lower Level ADA Model at Windom Landing starting at $975 with a $0.89 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. |
|---|---|---|---|
| Eagle Ridge Townhomes | Three Bedroom | 3BR,1.5BA | $0.79 |
| Windom Landing | 2 Bedroom - Lower Level ADA | 2BR,2BA | $0.89 |
| Trimont Square Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.04 |
| Fair View by Kading | Cottage - 2 | 2BR,1BA | $1.00 |
| Nobles Square Apartments | 2 Bedroom | 2BR,1BA | $1.09 |
| Seneca Place Apartments | 2 Bedroom | 2BR,1BA | $1.12 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
| Eytcheson Estates Welcome | 1 Bedroom | 2BR,1BA | $0.93 |
| 501 W 1st St S | 1 BED/1 BATH | 1BR,1BA | $0.84 |
| Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.97 |
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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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.
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Best Local Schools in Spencer, IA
Lincoln Elementary School
Spencer Community School District
Public School - Grades K-5 (415)
5 out of 10
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 68 Apartments for Rent in Spencer, IA with pricing that ranges from $665 to $1,860. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $650 to $1,700.
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 $650 to $1,700 with an average monthly rent of $1,064.
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 $950 to $1,860, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,580.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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.
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.
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.