
Cheap Apartments for Rent in the Downtown Spencer Neighborhood of Spencer, NC from $650 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Spencer area of Spencer.


909 S Carolina Ave

Forest Village

Courtyard on Main

306 N Jackson Street

Total Monthly Price
112 N Main St, Unit Apt. 200
Rent According to Income: A Look at Income-Restricted Rentals
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N. Railroad Ave and Pinetree Dr

East Winds Apartments

Ashton Woods

516 Flats

Yadkin House

Westview Court
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Whispering Oaks
Downtown Spencer, Spencer, NC Local Guide
How much does it cost to rent an apartment in Downtown Spencer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Spencer 1 Bedroom Apartments | $1,303 | $950 | $1,960 |
| Downtown Spencer 2 Bedroom Apartments | $1,257 | $1,159 | $1,375 |
| Downtown Spencer 3 Bedroom Apartments | $1,465 | $1,395 | $1,495 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Spencer Neighborhood of Spencer, NC.
See all Apartments in SpencerExplore Spencer
Downtown Spencer, Spencer, NC Local Guide
- Nearby Spencer neighborhoods
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Best Value Apartments for Rent in Downtown Spencer, NC
As of September 22, 2026 the best value apartment in the Downtown Spencer area is the $1.40 price per square foot 112 N Main St Model at 112 N Main St, Unit Apt. 200 in the Davidson neighborhood starting from $1,750. The second greatest value Downtown Spencer apartment is the 2 Bedroom 1.5 Bathroom Model at Courtyard on Main in the Davidson neighborhood starting at $1,295 with a $1.27 price per square foot. Here is today’s list of the best values for Downtown Spencer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 112 N Main St, Unit Apt. 200 | 112 N Main St | 1BR, 2BA | $1.40 |
| Courtyard on Main | 2 Bedroom 1.5 Bathroom | 2BR, 1.5BA | $1.27 |
| 306 N Jackson Street | 1BR/1.0BA | 1BR, 1BA | $1.36 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Spencer, Spencer, NC
Ranked #1
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Spencer Apartments
How much is rent for a Cheap One Bedroom Downtown Spencer Apartment?
The lowest price for a Cheap One Bedroom Downtown Spencer Apartment is $950 at 306 N Jackson Street.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.