Cheap Homes for Rent in Spencer, NC from $600 (4 Rentals)

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Search the lowest-cost Homes available for rent right now in Spencer.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 1119 Grady St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

1119 Grady St

SalisburyNC28144

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Spencer, NC Local Guide

Cheapest Neighborhoods for Apartments in Spencer, NC

Pricing Updated: 08/18/2026

Current apartment rentals in the Spencer, NC area range in price from $1,600 to $1,649 with an overall median price of $1,624. Here is today’s list neighborhoods with the lowest median pricing for Spencer Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Spencer$1,624$1,6002

Best Value Apartments for Rent in Spencer, NC

As of August 18, 2026 the best value apartment in the Spencer area is the $1.34 price per square foot 2x2 Deluxe-Call For Availability Model at Crown Point Luxury Apartments at Kingsport in the in the Oak Crest neighborhood starting from $1,525. The second greatest value Spencer apartment is the The Badin Model at Reserve at Regents Center starting at $1,385 with a $1.35 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Crown Point Luxury Apartments at Kingsport2x2 Deluxe-Call For Availability2BR,2BA$1.34
Reserve at Regents CenterThe Badin2BR,2BA$1.35
Laurel Pointe2A2BR,2BA$1.03
The Retreat at Kannapolis2Bd 1.5Bth TH Reno2BR,1.5BA$1.25
Meadow Creek2 Bedroom 1.5 Bath Garden2BR,1.5BA$1.38
Forest Village2 Bedroom 1 Bathroom2BR,1BA$1.29
The Vive at KellswaterA1 The Beech - One Bedroom, One Bathroom1BR,1BA$1.31
306 N Jackson Street2BR/1.0BA2BR,1BA$1.29
Nu Salisbury SouthOne Bedroom One Bath1BR,1BA$1.29
530 Park Ave1-Bedroom1BR,1BA$1.34

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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Real 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.

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Pet Friendly Lifestyle
Spencer, NC

Ranked #113

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Spencer

What type of rentals are currently available in Spencer?

There are currently 74 Apartments for Rent in Spencer, NC with pricing that ranges from $765 to $2,273. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $605 to $2,800.

What is the current price range for Rental Homes in Spencer?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Spencer ranges from $605 to $2,800 with an average monthly rent of $1,536.

How much are larger Three and Four Bedroom Rentals in Spencer?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Spencer range from $1,066 to $2,273, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,330.

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

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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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.