
Cheap Apartments for Rent in the Downtown Spencer Neighborhood of Spencer, NC from $600 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Spencer area of Spencer.


Forest Village

Courtyard on Main

306 N Jackson Street

Total Monthly Price
112 N Main St, Unit Apt. 200

N. Railroad Ave and Pinetree Dr
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.

East Winds Apartments

Ashton Woods

516 Flats

Yadkin House

Westview Court

Whispering Oaks
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
How much does it cost to rent an apartment in Downtown Spencer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Spencer Studio Apartments | $1,875 | $1,875 | $1,875 |
| Downtown Spencer 1 Bedroom Apartments | $1,229 | $900 | $2,100 |
| Downtown Spencer 2 Bedroom Apartments | $1,216 | $1,025 | $1,450 |
| Downtown Spencer 3 Bedroom Apartments | $1,559 | $1,475 | $1,625 |
Browse Apartments in this Neighborhood
There are currently 12 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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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 1 Bed apartment currently listed from $1,070. Here are the most affordable Downtown Spencer apartments for rent in Spencer, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 306 N Jackson Street | 1BR/1.0BA | 1BR,1BA | $900 |
| Forest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,070 |
| Courtyard on Main | 2 Bedroom 1.5 Bathroom | 2BR,1BA | $1,170 |
Best Value Apartments for Rent in Downtown Spencer, NC
As of June 22, 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 2BR/1.0BA Model at 306 N Jackson Street starting at $1,180 with a $1.31 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 112 N Main St, Unit Apt. 200 | 112 N Main St | 1BR,2BA | $1.68 |
| 306 N Jackson Street | 2BR/1.0BA | 2BR,1BA | $1.31 |
| 121 N Main St, Unit 202 | 121 N Main St | Studio ,1BA | $2.55 |
| 1604 N Long St, Unit 1 | 1604 N Long St | 2BR,1BA | $1.46 |
| Courtyard on Main | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.53 |
| Forest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.87 |
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 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
2.5Pet 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 $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 $1,170 at Courtyard on Main.
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

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.

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.