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

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

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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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Spencer, NC Local Guide

Cheapest Neighborhoods for Apartments in Spencer, NC

Pricing Updated: 08/26/2025

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$1,550$5602

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 ListingModel NameBed/BathPriced From
27 Hege Drive1/11BR,1BA$725
Wiley School Apartments1 BR 1BA1BR,1BA$750
Alexander Station Apartment HomesStudio- Alexander StationStudio,1BA$810
Parkview Apartments1 Bedroom1BR,1BA$850
Lexington Park Apartments1B/1B1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
905 Cedar St, Unit 905 Cedar St905 Cedar St3BR,2.5BA$1.11
Inspired Way2BR/1.5BA2BR,1.5BA$1.17
Rowan Woodland2 Bedroom/2 Bath2BR,2BA$1.27
Forest Village3 Bedroom 1 Bathroom3BR,1BA$1.33
Laurel Pointe2A2BR,2BA$1.03
Courtyard on Main2 Bedroom 1.5 Bathroom2BR,1.5BA$1.12
Chesney Woods Apartments2BR/1.5BA2BR,1.5BA$1.33
306 N Jackson Street2BR/1.0BA2BR,1BA$1.33
Nu Salisbury SouthOne Bedroom One Bathroom1BR,1BA$1.24
Wiley School Apartments1 BR 1BA1BR,1BA$1.14

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

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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 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.

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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.

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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.

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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.

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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.