
Cheap Homes for Rent in Spencer, MA from $1,500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.


1 Angell Terrace

221 E Main St, Unit 2nd Floor

14-16 Maple St., Unit 9

177 Washington St
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.

340 E Main St, Unit 2

18 Ashland St

340 E Main St, Unit 2

0 Town House Ct

0 Town House Ct
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.

121 Bailey St
Spencer, MA Local Guide

How much does it cost to rent a home in Spencer?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Spencer 2 Bedroom Homes for Rent | $2,396 | $1,750 | $3,299 |
| Spencer 3 Bedroom Homes for Rent | $2,913 | $1,950 | $4,000 |
| Spencer 4 Bedroom Homes for Rent | $3,496 | $2,500 | $4,900 |
| Spencer 5 Bedroom Homes for Rent | $3,246 | $2,500 | $3,950 |
Browse Top Homes for Rent in Spencer
Explore Spencer
Spencer, MA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Julia Bancroft - 62+ Senior Apartments | Studio | Studio,1BA | $1,265 |
| Residences on Lincoln Square, A 55+ Community | Grove - Studio Income Restricted | Studio,1BA | $1,309 |
| Bancroft On The Grid | 0BR/1.0BA | Studio,1BA | $1,350 |
| Jefferson Mills | studio | Studio,1BA | $1,500 |
| The 6Hundred | 1x1G | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Plantation Towers | 2 Bed, 2 Bath | 2BR,2BA | $1.89 |
| 20 Eden St | Three Bedroom | 3BR,1BA | $1.84 |
| Cobblestone Village Apartments | 1 Bedroom with Study | 1BR,1BA | $2.36 |
| Highland West | Amherst | 1BR,1BA | $2.15 |
| Green Hill Park Apartments Worcester | First Month Free - 2 bed 1 bath Apartment | 2BR,1BA | $2.28 |
| 32 Maple St, Unit Unit 1 | 32 Maple St | 2BR,1BA | $2.25 |
| Ledgewood Court Apartments | 1 Bed, 1 bath | 1BR,1BA | $2.33 |
| Wexford Village | The Concord | 1BR,1BA | $2.53 |
| Stratton Hill Park Apartments | 1 Bedroom | 1BR,1BA | $2.40 |
| Residences on Lincoln Square, A 55+ Community | Grove - Studio Income Restricted | Studio ,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.
Read ArticleReal 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 ArticleQuick 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.
Pet Friendly LifestyleSpencer, MA
Ranked #47
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Spencer, MA
Knox Trail Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Spencer, MA Rentals by Map
See the most popular apartments and homes in Spencer, MA
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

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.

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.

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.

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.