Cheap Apartments for Rent in Spencer, NC from $600 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

close
View Me
East Winds Apartments
1 to 2 Bedroom Apartments

East Winds Apartments

420 N Boundary StSalisbury, NC 28144
Senior Living
  • 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.

Spencer, NC Local Guide

Cheapest Neighborhoods for Apartments in Spencer, NC

Pricing Updated: 10/11/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Spencer$1,487$7005

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 ListingModel NameBed/BathPriced From
Wiley School Apartments1 BR 1BA1BR,1BA$750
27 Hege Drive1/11BR,1BA$795
Parkview Apartments1 Bedroom1BR,1BA$825
North Point and Hallmark ApartmentsNORTH POINT GARDEN - Upper Level2BR,1BA$875
Lexington Park Apartments1B/1B1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Retreat at Concord Apartments2Bd 2Bth Renovated2BR,2BA$1.29
Inspired Way2BR/1.5BA2BR,1.5BA$1.17
Laurel Pointe2A2BR,2BA$1.03
North Point and Hallmark ApartmentsNORTH POINT GARDEN - GROUND LEVEL2BR,1.5BA$0.88
Oak Ridge Duplexes2BR/1.5BA2BR,1.5BA$1.26
Chesney Woods Apartments2BR/1.5BA2BR,1.5BA$1.27
Nu Salisbury SouthOne bedroom 1 bathroom1BR,1BA$1.24
400 Boundary Es N St, Unit APT E400 Boundary Es N St1BR,1BA$0.82
Wilson Street1BR/1.0BA1BR,1BA$1.12
Wiley School Apartments1 BR 1BA1BR,1BA$1.14

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.

decorative image of people with a giant lease agreement

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

Explore Spencer, NC Rentals by Map

View Map
Spencer, NC Apartments Map
View Map
Spencer, NC Rental Homes Map

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

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.