Cheap Homes for Rent in Spencer, NC from $800 (15 Rentals)

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

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.

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property at 130 Lilly Ave

130 Lilly Ave

SalisburyNC28144

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 955 W 5th Ave

955 W 5th Ave

LexingtonNC27292

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 216 E Horah St

216 E Horah St

SalisburyNC28144
Showing Results 1-15, Page 1 of 1

Spencer, NC Local Guide

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, NC is a 1 Bed unit found at 27 Hege Drive in the Davidson neighborhood priced from $725. Lakewood I and II Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
27 Hege Drive1/11BR,1BA$725
Lakewood I and II Apartment HomesStudioStudio,1BA$725
Wiley School Apartments1 BR 1BA1BR,1BA$750
Lexington Park Apartments2B/1B1BR,1BA$849
Alexander Station Apartment HomesOne Bedroom--Alexander Station 450 sqft1BR,1BA$870

Best Value Apartments for Rent in Spencer, NC and Nearby

As of June 06, 2025 the best value apartment in the Spencer area is the $1.03 price per square foot 116 E Council St Model at 116 E Council St, Unit B in the in the Davidson neighborhood starting from $1,950. The second greatest value Spencer apartment is the 3 Bedroom 1 Bathroom Model at Forest Village starting at $1,275 with a $1.21 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.
116 E Council St, Unit B116 E Council St2BR,2BA$1.03
Forest Village3 Bedroom 1 Bathroom3BR,1BA$1.21
Laurel Pointe2A2BR,2BA$1.03
Oak Ridge Duplexes2BR/1.5BA2BR,1.5BA$1.26
Lexington Park Apartments1B/1B1BR,1BA$0.94
306 N Jackson St2 Bedroom2BR,2BA$1.25
400 Boundary Es N St, Unit APT C400 Boundary Es N St1BR,1BA$0.82
Nu Salisbury SouthOne Bedroom One Bathroom1BR,1BA$1.24
640 Wilson Street656 Wilson Street1BR,1BA$1.12
Wiley School Apartments1 BR 1BA1BR,1BA$1.14

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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Frequently Asked Questions about Spencer

What type of rentals are currently available in Spencer?

There are currently 69 Apartments for Rent in Spencer, NC with pricing that ranges from $675 to $4,344. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $835 to $3,179.

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 $835 to $3,179 with an average monthly rent of $1,852.

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 $2,907, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,225 to $1,975. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $1,330.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.