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


27 Hege Drive

Wiley School Apartments

Alexander Station Apartment Homes

Parkview Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Lexington Park Apartments

North Point and Hallmark Apartments
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Lakewood I and II Apartment Homes

Fairview Village

117 Cedar Dr
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37 Kesler St

1028 S Main St

526 Martin Luther King Jr Ave S
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 | $1,281 | $675 | $1,747 |
Cheap Spencer 1 Bedroom Apartments | $1,371 | $745 | $2,145 |
Cheap Spencer 2 Bedroom Apartments | $1,517 | $825 | $2,778 |
Cheap Spencer 3 Bedroom Apartments | $1,743 | $1,066 | $2,873 |
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: 08/26/2025Current 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 | $1,550 | $560 | 2 |
Cheapest Available Spencer Apartments for Rent
 The cheapest available apartment rental in Spencer, NC is a 1 Bed unit found at 27 Hege Drive in the Davidson neighborhood priced from $725. Wiley School Apartments in the Davidson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Spencer apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
27 Hege Drive | 1/1 | 1BR,1BA | $725 |
Wiley School Apartments | 1 BR 1BA | 1BR,1BA | $750 |
Alexander Station Apartment Homes | Studio- Alexander Station | Studio,1BA | $810 |
Parkview Apartments | 1 Bedroom | 1BR,1BA | $850 |
Lexington Park Apartments | 1B/1B | 1BR,1BA | $885 |
Best Value Apartments for Rent in Spencer, NC
As of August 27, 2025 the best value apartment in the Spencer area is the $1.11 price per square foot 905 Cedar St Model at 905 Cedar St, Unit 905 Cedar St in the in the Davidson neighborhood starting from $1,400. 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. |
---|---|---|---|
905 Cedar St, Unit 905 Cedar St | 905 Cedar St | 3BR,2.5BA | $1.11 |
Inspired Way | 2BR/1.5BA | 2BR,1.5BA | $1.17 |
Rowan Woodland | 2 Bedroom/2 Bath | 2BR,2BA | $1.27 |
Forest Village | 3 Bedroom 1 Bathroom | 3BR,1BA | $1.33 |
Laurel Pointe | 2A | 2BR,2BA | $1.03 |
Courtyard on Main | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.12 |
Chesney Woods Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.33 |
306 N Jackson Street | 2BR/1.0BA | 2BR,1BA | $1.33 |
Nu Salisbury South | One Bedroom One Bathroom | 1BR,1BA | $1.24 |
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!
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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 Alexander Station Apartment Homes listed at $810.
How much is rent for a Cheap One Bedroom Spencer Apartment?
The lowest price for a Cheap One Bedroom Spencer Apartment is $725 at 27 Hege Drive.
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 $1,020 at Lakewood I and II Apartment Homes.
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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.