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

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.

Lakewood I and II Apartment Homes

Parkview Apartments

Lexington Park Apartments

Alexander Station Apartment Homes

North Point and Hallmark Apartments

Kannan Station Apartment Homes

614 N Ellis St
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.

The Retreat at Kannapolis

The Ridges

119 Bay Meadow Ct

117 Cedar Dr
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.
Spencer, NC Local Guide

How much does it cost to rent an apartment in Spencer?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Spencer Studio Apartments | $1,270 | $675 | $2,569 |
Spencer 1 Bedroom Apartments | $1,458 | $745 | $2,980 |
Spencer 2 Bedroom Apartments | $1,606 | $825 | $4,334 |
Spencer 3 Bedroom Apartments | $1,764 | $1,066 | $5,571 |
Spencer 4 Bedroom Apartments | $1,642 | $1,330 | $1,955 |
Browse Top Apartments in Spencer
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Spencer, NC Local Guide
- Spencer Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $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 |
Lakewood I and II Apartment Homes | Studio | Studio,1BA | $765 |
Kannan Station Apartment Homes | Studio | Studio,1BA | $930 |
The Ridges | 1 Bedroom | 1BR,1BA | $999 |
Best Value Apartments for Rent in Spencer, NC and Nearby
As of June 20, 2025 the best value apartment in the Spencer area is the $1.03 price per square foot 116 E Council St Model at 116 E Council St, Unit B in the in the Davidson neighborhood starting from $1,950. The second greatest value Spencer apartment is the The Dogwood - w/ Patio Model at The Grand on Julian starting at $1,515 with a $1.28 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
116 E Council St, Unit B | 116 E Council St | 2BR,2BA | $1.03 |
The Grand on Julian | The Dogwood - w/ Patio | 2BR,2BA | $1.28 |
Courtyard on Main | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.32 |
Park Street | 2BR/1.5BA | 2BR,1.5BA | $1.15 |
Forest Village | 3 Bedroom 1 Bathroom | 3BR,1BA | $1.21 |
Laurel Pointe | 2A | 2BR,2BA | $1.03 |
Oak Ridge Duplexes | 2BR/1.5BA | 2BR,1.5BA | $1.26 |
Chesney Woods Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.28 |
Nu Salisbury South | One Bedroom One Bathroom | 1BR,1BA | $1.24 |
Wiley School Apartments | 1 BR 1BA | 1BR,1BA | $1.14 |
Quick Rent Budget Calculator
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.
Best Local Schools in Spencer, NC
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Spencer, NC Rentals by Map
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 Lakewood I and II Apartment Homes listed at $755.
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 $1,050 at Laurel Pointe.
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.