
Cheap Apartments for Rent in Spencer, NC from $600 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Spencer.


400 Boundary Es N St, Unit APT E

Wiley School Apartments

North Point and Hallmark Apartments
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.

Lexington Park Apartments

Lakewood I and II Apartment Homes

Alexander Station Apartment Homes
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.

Fairview Village

217 Cotton Grove Rd

215 Hartman St
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.

1028 S Main St
Spencer, NC Local Guide

How much does it cost to rent an apartment in Spencer?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Spencer Studio Apartments | $1,120 | $979 | $1,332 |
Cheap Spencer 1 Bedroom Apartments | $1,262 | $700 | $1,825 |
Cheap Spencer 2 Bedroom Apartments | $1,440 | $800 | $2,390 |
Cheap Spencer 3 Bedroom Apartments | $1,621 | $1,066 | $2,175 |
Cheap Spencer 4 Bedroom Apartments | $1,330 | $1,330 | $1,330 |
Browse Top Apartments in Spencer
See all Apartments in SpencerExplore Spencer
Spencer, NC Local Guide
- Spencer Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Spencer, NC
Pricing Updated: 10/11/2025Current apartment rentals in the Spencer, NC area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Spencer Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Downtown Spencer | $1,487 | $700 | 5 |
Cheapest Available Spencer Apartments for Rent
 The cheapest available apartment rental in Spencer, NC is a 1 Bed unit found at Wiley School Apartments in the Davidson neighborhood priced from $750. 27 Hege Drive in the Davidson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Spencer apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Wiley School Apartments | 1 BR 1BA | 1BR,1BA | $750 |
27 Hege Drive | 1/1 | 1BR,1BA | $795 |
Parkview Apartments | 1 Bedroom | 1BR,1BA | $825 |
North Point and Hallmark Apartments | NORTH POINT GARDEN - Upper Level | 2BR,1BA | $875 |
Lexington Park Apartments | 1B/1B | 1BR,1BA | $885 |
Best Value Apartments for Rent in Spencer, NC
As of October 12, 2025 the best value apartment in the Spencer area is the $1.29 price per square foot 2Bd 2Bth Renovated Model at The Retreat at Concord Apartments in the in the Oak Crest neighborhood starting from $1,449. The second greatest value Spencer apartment is the 2BR/1.5BA Model at Inspired Way starting at $1,295 with a $1.17 price per square foot in the Oak Crest 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. |
---|---|---|---|
The Retreat at Concord Apartments | 2Bd 2Bth Renovated | 2BR,2BA | $1.29 |
Inspired Way | 2BR/1.5BA | 2BR,1.5BA | $1.17 |
Laurel Pointe | 2A | 2BR,2BA | $1.03 |
North Point and Hallmark Apartments | NORTH POINT GARDEN - GROUND LEVEL | 2BR,1.5BA | $0.88 |
Oak Ridge Duplexes | 2BR/1.5BA | 2BR,1.5BA | $1.26 |
Chesney Woods Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.27 |
Nu Salisbury South | One bedroom 1 bathroom | 1BR,1BA | $1.24 |
400 Boundary Es N St, Unit APT E | 400 Boundary Es N St | 1BR,1BA | $0.82 |
Wilson Street | 1BR/1.0BA | 1BR,1BA | $1.12 |
Wiley School Apartments | 1 BR 1BA | 1BR,1BA | $1.14 |
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Best Local Schools in Spencer, NC
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Spencer, NC Rentals by Map
See the most popular apartments and homes in Spencer, NC
Getting Around Spencer, NC
Walk Score®
34 / 100
Car-Dependent
Most errands require a car
Bike Score®
33 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Lakewood I and II Apartment Homes listed at $968.
How much is rent for a Cheap One Bedroom Spencer Apartment?
The lowest price for a Cheap One Bedroom Spencer Apartment is $750 at Wiley School 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 $875 at North Point and Hallmark Apartments.
What is the most affordable Spencer Three Bedroom Apartment?
The best deal on a cheap Spencer Three Bedroom Apartment rental is at Laurel Pointe and starts from $1,204.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.