Cheap Apartments for Rent near Spencer, NC from $600 (45 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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East Winds Apartments
1 to 2 Bedroom Apartments

East Winds Apartments

420 N Boundary StSalisbury, NC 28144
Senior Living
  • Utilities Included

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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Parkview Apartments
Studio to 2 Bedroom Apartments

Parkview Apartments

215-217 W 3rd AveLexington, NC 27292
  • Utilities Included
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27 Hege Drive
Studio to 2 Bedroom Apartments

27 Hege Drive

27 Hege DrLexington, NC 27292
  • Utilities Included
property at 821 E Lafayette St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

2 Bedroom, 1 Bath Home for Rent

Available Now

821 E Lafayette St

SalisburyNC28144
property at 839 E Lafayette St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

2 Bedroom, 1 Bath Home for Rent

Available Now

839 E Lafayette St

SalisburyNC28144
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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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property at 823 E Lafayette St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025
Total Monthly Price
$1,025

2 Bedroom, 1 Bath Home for Rent

Available Now

823 E Lafayette St

SalisburyNC28144
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30 E 4th St
2 to 3 Bedroom Apartments

30 E 4th St

30 E 4th StLexington, NC 27292
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516 Flats
1 to 2 Bedroom Apartments

516 Flats

516 W Innes StSalisbury, NC 28144

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-45, Page 1 of 1

Spencer, NC Local Guide

Cheapest Neighborhoods for Apartments in Spencer, NC

Pricing Updated: 07/12/2026

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$1,875$80011

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, NC is a Studio unit found at Lakewood I and II Apartment Homes in the Westwood neighborhood priced from $735. North Point and Hallmark Apartments in the Davidson neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood I and II Apartment HomesStudioStudio,1BA$735
North Point and Hallmark ApartmentsTOWNHOME (HALLMARK)2BR,1BA$800
Alexander Station Apartment HomesStudio- Alexander StationStudio,1BA$870
Northwood Apartment HomesStudioStudio,1BA$905
Lexington Park ApartmentsCozy One Bedroom Apartment Home1BR,1BA$920
306 N Jackson Street1BR/1.0BA1BR,1BA$950
205 E First Street ApartmentsUnit B2BR,1BA$995
The Ridges1 Bedroom1BR,1BA$1,025
Laurel Pointe2A2BR,2BA$1,050
Lexington StationThe Retreat1BR,1BA$1,050

Best Value Apartments for Rent in Spencer, NC and Nearby

As of July 12, 2026 the best value apartment in the Spencer area is the $1.34 price per square foot 2x2 Deluxe-Call For Availability Model at Crown Point Luxury Apartments at Kingsport in the in the Oak Crest neighborhood starting from $1,525. The second greatest value Spencer apartment is the TOWNHOME (NORTH POINT) Model at North Point and Hallmark Apartments starting at $900 with a $0.86 price per square foot in the Davidson 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.
Crown Point Luxury Apartments at Kingsport2x2 Deluxe-Call For Availability2BR,2BA$1.34
North Point and Hallmark ApartmentsTOWNHOME (NORTH POINT)2BR,1.5BA$0.86
Laurel Pointe2A2BR,2BA$1.03
The Retreat at Kannapolis2Bd 1.5Bth TH Reno2BR,1.5BA$1.25
Meadow Creek2 Bedroom 1.5 Bath Garden2BR,1.5BA$1.33
Fairview Village2 Bedroom Townhouse2BR,1.5BA$1.28
Beautiful Chesney Woods Townhomes2BR/1.5BA2BR,1.5BA$1.30
Forest Village2 Bedroom 1 Bathroom2BR,1BA$1.25
The Vive at KellswaterA1 The Beech - One Bedroom, One Bathroom1BR,1BA$1.28
Nu Salisbury SouthOne Bedroom One Bath1BR,1BA$1.29

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

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

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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 $685.

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

The lowest price for a Cheap One Bedroom Spencer Apartment is $820 at Lakewood I and II Apartment Homes.

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 Laurel Pointe and starts from $1,204.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.