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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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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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
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Ashton Woods
1 to 3 Bedroom Apartments

Ashton Woods

1100 Bringle Ferry RdSalisbury, NC 28144

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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516 Flats
1 to 2 Bedroom Apartments

516 Flats

516 W Innes StSalisbury, NC 28144
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White Oak Apartments
2 to 3 Bedroom Apartments

White Oak Apartments

500-508 Jackson Park RdKannapolis, NC 28083

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Spencer, NC Local Guide

Cheapest Neighborhoods for Apartments in Spencer, NC

Pricing Updated: 04/12/2026

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$1,795$1,7951

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, NC is a 2 Beds unit found at North Point and Hallmark Apartments in the Davidson neighborhood priced from $800. Lakewood I and II Apartment Homes in the Westwood neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $812. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Point and Hallmark ApartmentsHALLMARK TOWNHOME2BR,1BA$800
Lakewood I and II Apartment HomesStudioStudio,1BA$812
27 Hege Drive1/11BR,1BA$825
306 N Jackson Street1BR/1.0BA1BR,1BA$900
Lexington Park ApartmentsCozy One Bedroom Apartment Home1BR,1BA$920
Alexander Station Apartment HomesStudio- Alexander StationStudio,1BA$950
Fairview Village1 Bedroom Garden1BR,1BA$975
The Ridges1 Bedroom1BR,1BA$975
Kannan Station Apartment HomesStudioStudio,1BA$1,035
Laurel Pointe2A2BR,2BA$1,050

Best Value Apartments for Rent in Spencer, NC and Nearby

As of April 12, 2026 the best value apartment in the Spencer area is the $1.23 price per square foot Reduced rates equal 2 months free for a 12 mont... Model at The Bridges Of Cabarrus in the in the Oak Crest neighborhood starting from $1,413. The second greatest value Spencer apartment is the 2x2 Deluxe-Call For Availability Model at Crown Point Luxury Apartments at Kingsport starting at $1,525 with a $1.34 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 Bridges Of CabarrusReduced rates equal 2 months free for a 12 mont...2BR,2BA$1.23
Crown Point Luxury Apartments at Kingsport2x2 Deluxe-Call For Availability2BR,2BA$1.34
Washington Building2 Bedroom2BR,1BA$1.20
Meadow Creek Townhomes2 Bedroom 1.5 Bath Townhome Apartment Home with2BR,1.5BA$1.34
North Point and Hallmark ApartmentsTOWNHOME (NORTH POINT)2BR,1.5BA$0.90
Laurel Pointe2A2BR,2BA$1.03
Oak Ridge Duplexes2BR/1.5BA2BR,1.5BA$1.31
Chesney Woods Apartments2BR/1.5BA2BR,1.5BA$1.32
306 N Jackson Street2BR/1.0BA2BR,1BA$1.31
Nu Salisbury SouthOne Bedroom One Bath1BR,1BA$1.24

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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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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.

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Spencer, NC

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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 $812.

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 $800 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.