Cheap Apartments for Rent near Spencer, IN from $600 (53 Rentals)

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

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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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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7 Ten
Rent Specials
$1,225 - $2,060
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $2,060
Total Monthly Price
$1,225 - $2,060
1 to 2 Bedroom Apartments Available Now

7 Ten

710 N College AveBloomington, IN 47404
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

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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property at 1519 W 12th St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

1519 W 12th St

BloomingtonIN47404
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Cedargate
Studio to 2 Bedroom Apartments

Cedargate

3073 E Amy LnBloomington, IN 47408
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Acadia Court
Studio to 2 Bedroom Apartments

Acadia Court

2995 S Acadia CtBloomington, IN 47401
Corporate Housing
  • 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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115 N Washington St
1 to 3 Bedroom Apartments

115 N Washington St

115 N Washington StBloomington, IN 47404
Student Housing
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DunnPark Studios
Studio Apartments

DunnPark Studios

115 N Dunn StBloomington, IN 47408
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Beacon Hill
1 to 3 Bedroom Apartments

Beacon Hill

1660 W Bloomfield RdBloomington, IN 47403

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Spencer, IN Local Guide

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, IN is a Studio unit found at Vivo Living in the Downtown Bloomington IN neighborhood priced from $649. 501 N Walnut in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vivo LivingVivo Living - Large StudioStudio,1BA$649
501 N Walnut501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat...4BR,3BA$699
KINGSTON RIDGE APARTMENTS1 Bedroom 1 Bathroom - Apartment1BR,1BA$735
3 SquareBStudio,1BA$750
Park North ApartmentsPark North Renovated - 240SF - AVAILABLE NOW!Studio,1BA$750
Hub Bloomington4x2 Pod4BR,2BA$799
Northcrest1 Bedroom1BR,1BA$800
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
College Square ApartmentsThe Walnut1BR,1BA$852
Union at Crescent1 Bed 1 Bath1BR,1BA$866

Best Value Apartments for Rent in Spencer, IN and Nearby

As of July 16, 2026 the best value apartment in the Spencer area is the $0.38 price per square foot 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat... Model at 501 N Walnut in the in the Downtown Bloomington IN neighborhood starting from $699. The second greatest value Spencer apartment is the 3 Bedroom with a den Model at Stapleton starting at $1,875 with a $1.17 price per square foot in the Downtown Bloomington IN neighborhood. 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.
501 N Walnut501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat...4BR,3BA$0.38
Stapleton3 Bedroom with a den3BR,2.5BA$1.17
The Park on Morton3x3 Balcony - Classic3BR,3BA$0.66
The EllisThe Ellis - 3 Bed/3 Bath - Per Bed Pricing! - L...3BR,3BA$0.64
Aspen BloomingtonFrisco A 2x22BR,2BA$1.13
Summit PointeThe Evergreen1BR,1BA$1.22
The Crossing at Pete Ellis1 Bedroom1BR,1BA$1.32
KINGSTON RIDGE APARTMENTS1 Bedroom 1 Bathroom - Apartment1BR,1BA$1.08
Union at Crescent1 Bed 1 Bath1BR,1BA$1.28
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.28

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, IN

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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 Vivo Living listed at $649.

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

The lowest price for a Cheap One Bedroom Spencer Apartment is $735 at KINGSTON RIDGE APARTMENTS.

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 $950 at Northcrest.

What is the most affordable Spencer Three Bedroom Apartment?

The best deal on a cheap Spencer Three Bedroom Apartment rental is at Hub Bloomington and starts from $999.

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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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.

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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.