Cheap Apartments for Rent in Spencer, NC from $600 (56 Rentals)

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

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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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East Winds Apartments
1 to 2 Bedroom Apartments

East Winds Apartments

420 N Boundary StSalisbury, NC 28144
Senior Living
  • Utilities Included
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Parkview Apartments
Studio to 2 Bedroom Apartments

Parkview Apartments

215-217 W 3rd AveLexington, NC 27292
  • Utilities Included
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Ashton Woods
1 to 3 Bedroom Apartments

Ashton Woods

1100 Bringle Ferry RdSalisbury, NC 28144

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.

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516 Flats
1 to 2 Bedroom Apartments

516 Flats

516 W Innes StSalisbury, NC 28144
property at 821 E Lafayette St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

821 E Lafayette St

SalisburyNC28144

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Spencer, NC Local Guide

Cheapest Neighborhoods for Apartments in Spencer, NC

Pricing Updated: 05/27/2026

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$1,580$90014

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, NC is a 1 Bed unit found at 27 Hege Drive in the Davidson neighborhood priced from $745. Lakewood I and II Apartment Homes in the Westwood neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $767. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
27 Hege Drive1/11BR,1BA$745
Lakewood I and II Apartment HomesStudioStudio,1BA$767
North Point and Hallmark ApartmentsTOWNHOME (HALLMARK)2BR,1BA$820
306 N Jackson Street1BR/1.0BA1BR,1BA$900
Lexington Park ApartmentsCozy One Bedroom Apartment Home1BR,1BA$920
Kannan Station Apartment HomesStudioStudio,1BA$975
Fairview Village1 Bedroom Garden1BR,1BA$975
Northwood Apartment HomesStudioStudio,1BA$985
Laurel Pointe2A2BR,2BA$1,050
Lexington StationThe Retreat1BR,1BA$1,050

Best Value Apartments for Rent in Spencer, NC and Nearby

As of May 27, 2026 the best value apartment in the Spencer area is the $1.20 price per square foot The Salisbury - w/ Sunroom Model at The Grand on Julian in the in the Davidson neighborhood starting from $1,625. The second greatest value Spencer apartment is the 2 months free * advertised rent includes conces... Model at The Bridges Of Cabarrus starting at $1,556 with a $1.21 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 Grand on JulianThe Salisbury - w/ Sunroom2BR,2BA$1.20
The Bridges Of Cabarrus2 months free * advertised rent includes conces...2BR,2BA$1.21
Crown Point Luxury Apartments at Kingsport2x2 Deluxe-Call For Availability2BR,2BA$1.34
North Point and Hallmark ApartmentsTOWNHOME (NORTH POINT)2BR,1.5BA$0.95
Laurel Pointe2A2BR,2BA$1.03
The Vive at KellswaterA2 The Sequoia - One Bedroom, One Bathroom1BR,1BA$1.35
Meadow Creek Townhomes2 Bedroom 1.5 Bath Garden Style Apartment Home2BR,1.5BA$1.38
Beautiful Chesney Woods Townhomes2BR/1.5BA2BR,1.5BA$1.35
306 N Jackson Street2BR/1.0BA2BR,1BA$1.31
30 E 4th St32 East 4th2BR,1BA$1.38

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.

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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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Best Local Schools in
Spencer, NC

School data provided by Great Schools

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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 $767.

How much is rent for a Cheap One Bedroom Spencer Apartment?

The lowest price for a Cheap One Bedroom Spencer Apartment is $745 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 $820 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 30 E 4th St and starts from $1,200.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.