
Cheap Apartments for Rent in the Downtown Spencer Neighborhood of Spencer, NC from $600 (11 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

N. Railroad Ave and Pinetree Dr
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.

East Winds Apartments

Ashton Woods

516 Flats

Yadkin House

Westview Court
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.

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 | $1,127 | $900 | $1,445 |
| Downtown Spencer 2 Bedroom Apartments | $1,496 | $1,180 | $3,414 |
| Downtown Spencer 3 Bedroom Apartments | $1,750 | $1,750 | $1,750 |
Browse Apartments in this Neighborhood
There are currently 11 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
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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. Courtyard on Main has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. 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 |
| Courtyard on Main | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,099 |
| Washington Building | 2 Bedroom | 2BR,1BA | $1,325 |
Best Value Apartments for Rent in Downtown Spencer, NC
As of January 11, 2026 the best value apartment in the Downtown Spencer area is the $1.20 price per square foot 2 Bedroom Model at Washington Building in the in the Davidson neighborhood starting from $1,325. The second greatest value Downtown Spencer apartment is the 126 E Innes St Model at 126 E Innes St, Unit 126 E Innes Apt 202 starting at $1,445 with a $1.53 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. |
|---|---|---|---|
| Washington Building | 2 Bedroom | 2BR,1BA | $1.20 |
| 126 E Innes St, Unit 126 E Innes Apt 202 | 126 E Innes St | 1BR,1BA | $1.53 |
| 306 N Jackson Street | 2BR/1.0BA | 2BR,1BA | $1.31 |
| Courtyard on Main | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.53 |
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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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
3.5Pet 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 $1,180 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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!