Cheap Homes for Rent in Spencer, IA from $600 (20 Rentals)

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

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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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.

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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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property at 501 N Market St

501 N Market St

Lake ParkIA51347
Showing Results 1-20, Page 1 of 1

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
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$700
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$735

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$1.18
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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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 $500 to $1,735. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $600 to $4,500.

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 $600 to $4,500 with an average monthly rent of $1,732.

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 $900 to $1,735, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $1,800. Four Bedroom Single-Family rentals are also available starting from $2,995 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.

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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.

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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.