Cheap Homes for Rent in Spencer, MA from $1,500 (11 Rentals)

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

property at 1 Angell Terrace

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1 Angell Terrace

LeicesterMA01524
property at 221 E Main St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1 Bath Condo for Rent

Available Now

221 E Main St, Unit 2nd Floor

221 E Main St
East BrookfieldMA01515
property at 177 Washington St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

3 Bedroom, 1 Bath Condo for Rent

Available Now

177 Washington St

WorcesterMA01610

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.

property at 340 E Main St

$2,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 1 Bath Condo for Rent

Available Now

340 E Main St, Unit 2

340 E Main St
East BrookfieldMA01515
property at 18 Ashland St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 1 Bath Condo for Rent

Available Now

18 Ashland St

WorcesterMA01609
property at 0 Town House Ct

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 1 Bath Home for Rent

Available Now

0 Town House Ct

SpencerMA01562
property at 0 Town House Ct

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 1 Bath Home for Rent

Available Now

0 Town House Ct

SpencerMA01562

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.

property at 121 Bailey St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

2 Bedroom, 1 Bath Condo for Rent

Available Now

121 Bailey St

WorcesterMA01602

Spencer, MA Local Guide

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, MA is a Studio unit found at Julia Bancroft - 62+ Senior Apartments in the Hadwen Park neighborhood priced from $1,265. Residences on Lincoln Square, A 55+ Community in the Elm Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,309. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Julia Bancroft - 62+ Senior ApartmentsStudioStudio,1BA$1,265
Residences on Lincoln Square, A 55+ CommunityGrove - Studio Income RestrictedStudio,1BA$1,309
Bancroft On The Grid0BR/1.0BAStudio,1BA$1,350
Jefferson MillsstudioStudio,1BA$1,500
The 6Hundred1x1G1BR,1BA$1,577

Best Value Apartments for Rent in Spencer, MA and Nearby

As of June 08, 2026 the best value apartment in the Spencer area is the $1.89 price per square foot 2 Bed, 2 Bath Model at Plantation Towers in the in the Biotech Park neighborhood starting from $2,070. The second greatest value Spencer apartment is the Three Bedroom Model at 20 Eden St starting at $2,000 with a $1.84 price per square foot in the West Tatnuck 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.
Plantation Towers2 Bed, 2 Bath2BR,2BA$1.89
20 Eden StThree Bedroom3BR,1BA$1.84
Cobblestone Village Apartments1 Bedroom with Study1BR,1BA$2.36
Highland WestAmherst1BR,1BA$2.15
Green Hill Park Apartments WorcesterFirst Month Free - 2 bed 1 bath Apartment2BR,1BA$2.28
32 Maple St, Unit Unit 132 Maple St2BR,1BA$2.25
Ledgewood Court Apartments1 Bed, 1 bath1BR,1BA$2.33
Wexford VillageThe Concord1BR,1BA$2.53
Stratton Hill Park Apartments1 Bedroom1BR,1BA$2.40
Residences on Lincoln Square, A 55+ CommunityGrove - Studio Income RestrictedStudio ,1BA$2.25

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.

Read Article
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Quick Rent Budget Calculator

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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Pet Friendly Lifestyle
Spencer, MA

Ranked #47

Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Spencer, MA Rentals by Map

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Frequently Asked Questions about Spencer

What type of rentals are currently available in Spencer?

There are currently 88 Apartments for Rent in Spencer, MA with pricing that ranges from $1,200 to $4,400. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $1,500 to $4,900.

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 $1,500 to $4,900 with an average monthly rent of $2,853.

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 $2,000 to $3,731, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,650.

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

decorative image for Local Secrets: Finding the Top Affordable Neighborhoods for Renting in Worcester article

Local Secrets: Finding the Top Affordable Neighborhoods for Renting in Worcester

Written by: Kevin Wesley

Worcester is a vibrant, culturally rich and diverse city at the heart of central Massachusetts.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.