9507 US-231
QuincyIN47456
Cheap Homes for Rent near Spencer, IN from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.
1519 W 12th St
BloomingtonIN47404
401 S Parkway Dr
BloomingtonIN47403
1306 W 6th St
BloomingtonIN47404
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
5 N Fourth St
GosportIN47433
1310 N Maple St
BloomingtonIN47404
1220 S Curry Pike
BloomingtonIN47403
521 W Kirkwood Ave
BloomingtonIN47404
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.
Showing Results 1-8, Page 1 of 1
Spencer, IN Local Guide
Sunset over train tracks by A.Robillard is licensed under CC BY 2.0
How much does it cost to rent a home in Spencer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spencer 2 Bedroom Homes for Rent | $1,204 | $600 | $2,318 |
| Spencer 3 Bedroom Homes for Rent | $2,368 | $1,520 | $5,000 |
| Spencer 4 Bedroom Homes for Rent | $4,850 | $4,850 | $4,850 |
| Spencer 5 Bedroom Homes for Rent | $3,950 | $2,700 | $5,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Explore Spencer
Spencer, IN Local Guide
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Cheapest Available Spencer Apartments for Rent and Nearby
The cheapest available apartment rental in Spencer, IN is a 4 Beds unit found at 501 N Walnut St in the Downtown Bloomington IN neighborhood priced from $699. Woodland Springs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Spencer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 501 N Walnut St | 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat... | 4BR,3BA | $699 |
| Woodland Springs | 1 Bedroom | 1BR,1BA | $725 |
| KINGSTON RIDGE APARTMENTS | 1 Bedroom 1 Bathroom - Apartment | 1BR,1BA | $735 |
Best Value Apartments for Rent in Spencer, IN and Nearby
As of August 08, 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 St in the in the Downtown Bloomington IN neighborhood starting from $699. The second greatest value Spencer apartment is the Sycamore Model at Forest Ridge starting at $1,684 with a $1.35 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. |
|---|---|---|---|
| 501 N Walnut St | 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat... | 4BR,3BA | $0.38 |
| Forest Ridge | Sycamore | 3BR,2BA | $1.35 |
| Hidden Hills at Oakdale | 3 Bedroom TH | 3BR,2BA | $1.31 |
| Kingsley on Walnut | The Tulip | 2BR,2BA | $1.16 |
| Woodland Springs | 1 Bedroom | 1BR,1BA | $0.98 |
| The Crossing at Pete Ellis | 1 Bedroom | 1BR,1BA | $1.32 |
| KINGSTON RIDGE APARTMENTS | 1 Bedroom 1 Bathroom - Apartment | 1BR,1BA | $1.08 |
| Union at Crescent | 1 Bed 1 Bath | 1BR,1BA | $1.28 |
| Summit Pointe | Rivers Edge | 1BR,1BA | $1.37 |
| Basswood Apartments | 1 Bedroom 1 Bathroom | 1BR,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.
Read Article
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
Owen Valley Community High School
Spencer-Owen Community Schools
Public School - Grades 9-12 (628)
4 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Spencer, IN Rentals by Map
See the most popular apartments and homes in Spencer, IN
Frequently Asked Questions about Spencer
What type of rentals are currently available in Spencer?
There are currently 74 Apartments for Rent in Spencer, IN with pricing that ranges from $690 to $5,000. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $600 to $5,000.
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 $5,000 with an average monthly rent of $1,748.
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 $885 to $2,970, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,520 to $5,000. Four Bedroom Single-Family rentals are also available starting from $4,850 and Four Bedroom Apartments start at $699.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.