
Cheap Homes for Rent in Spencer, NC from $600 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.


110 Mendota Ave
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.

501 E Franklin St

1119 Grady St
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

How much does it cost to rent a home in Spencer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spencer 2 Bedroom Homes for Rent | $1,391 | $775 | $1,850 |
| Spencer 3 Bedroom Homes for Rent | $1,612 | $1,250 | $2,500 |
| Spencer 4 Bedroom Homes for Rent | $2,190 | $1,750 | $2,800 |
| Spencer 5 Bedroom Homes for Rent | $2,450 | $2,450 | $2,450 |
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Spencer, NC Local Guide
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Cheapest Neighborhoods for Apartments in Spencer, NC
Pricing Updated: 08/18/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Spencer | $1,624 | $1,600 | 2 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Crown Point Luxury Apartments at Kingsport | 2x2 Deluxe-Call For Availability | 2BR,2BA | $1.34 |
| Reserve at Regents Center | The Badin | 2BR,2BA | $1.35 |
| Laurel Pointe | 2A | 2BR,2BA | $1.03 |
| The Retreat at Kannapolis | 2Bd 1.5Bth TH Reno | 2BR,1.5BA | $1.25 |
| Meadow Creek | 2 Bedroom 1.5 Bath Garden | 2BR,1.5BA | $1.38 |
| Forest Village | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.29 |
| The Vive at Kellswater | A1 The Beech - One Bedroom, One Bathroom | 1BR,1BA | $1.31 |
| 306 N Jackson Street | 2BR/1.0BA | 2BR,1BA | $1.29 |
| Nu Salisbury South | One Bedroom One Bath | 1BR,1BA | $1.29 |
| 530 Park Ave | 1-Bedroom | 1BR,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.
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.
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Pet Friendly LifestyleSpencer, NC
Ranked #113
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Spencer, NC
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Spencer, NC
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

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.

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.

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.

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.