Cheap Apartments for Rent in the Downtown Spencer Neighborhood of Spencer, NC from $600 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Spencer area of 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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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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Ashton Woods
1 to 3 Bedroom Apartments

Ashton Woods

1100 Bringle Ferry RdSalisbury, NC 28144
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516 Flats
1 to 2 Bedroom Apartments

516 Flats

516 W Innes StSalisbury, NC 28144
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Yadkin House
1 Bedroom Apartments

Yadkin House

201 N Lee StSalisbury, NC 28144
Senior Living
  • Utilities Included
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Westview Court
1 to 3 Bedroom Apartments

Westview Court

304 Mahaley AveSalisbury, NC 28144
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Whispering Oaks
1 to 2 Bedroom Apartments

Whispering Oaks

805 Newsome RdSalisbury, NC 28146

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.

Downtown Spencer, Spencer, NC Local Guide

Cheapest Available Downtown Spencer Apartments for Rent

 

The cheapest available apartment rental in the Downtown Spencer area of Spencer, NC is a 1 Bed unit found at 306 N Jackson Street priced from $900. Forest Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,195. Here are the most affordable Downtown Spencer apartments for rent in Spencer, NC:

Apartment ListingModel NameBed/BathPriced From
306 N Jackson Street1BR/1.0BA1BR,1BA$900
Forest Village2 Bedroom 1 Bathroom2BR,1BA$1,195
Courtyard on Main2 Bedroom 1.5 Bathroom2BR,1BA$1,299
Washington Building2 Bedroom2BR,1BA$1,325

Best Value Apartments for Rent in Downtown Spencer, NC

As of April 28, 2026 the best value apartment in the Downtown Spencer area is the $1.68 price per square foot 112 N Main St Model at 112 N Main St, Unit Apt. 200 in the in the Davidson neighborhood starting from $2,100. The second greatest value Downtown Spencer apartment is the 3 Bedroom 2 Bathroom Model at Courtyard on Main starting at $1,580 with a $1.35 price per square foot in the Davidson neighborhood. Here is today’s list of the best values for Downtown Spencer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
112 N Main St, Unit Apt. 200112 N Main St1BR,2BA$1.68
Courtyard on Main3 Bedroom 2 Bathroom3BR,2BA$1.35
Washington Building2 Bedroom2BR,1BA$1.20
Forest Village2 Bedroom 1 Bathroom2BR,1BA$1.27
306 N Jackson Street2BR/1.0BA2BR,1BA$1.31
121 N Main St121 N Main StStudio ,1BA$2.55

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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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.

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Pet Friendly Lifestyle
Downtown Spencer, Spencer, NC

Ranked #1

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $900 at 306 N Jackson Street.

What is the lowest price for a Cheap Two Bedroom Downtown Spencer Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Spencer is starting from $1,180 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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.