Cheap Homes for Rent in Spencer, NE from $500 (10 Rentals)

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property at 400 N Main St

$725 - $1,100

1 To 2 Bedroom Rentals

Available Now

400 N Main St

MitchellSD57301

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.

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.

Spencer, NE Local Guide

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, NE is a 1 Bed unit found at West Oaks Estates priced from $399. Forty One Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $510. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
West Oaks Estates1 bdr/ 1 bath1BR,1BA$399
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$510
Saracen CourtsUnit 6131BR,1BA$690

Best Value Apartments for Rent in Spencer, NE and Nearby

As of February 21, 2026 the best value apartment in the Spencer area is the $1.16 price per square foot 2 Beds, 1 bath Model at 414 W Phillip Ave in the starting from $1,450. The second greatest value Spencer apartment is the c1 Model at 41st Street Commons starting at $1,275 with a $1.11 price per square foot . 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.
414 W Phillip Ave2 Beds, 1 bath2BR,1BA$1.16
41st Street Commonsc13BR,2BA$1.11
Boulder Creek Apartments2bd/2ba Remodel2BR,2BA$1.18
Prairie Park Apartments2 Bed, 2 Bath2BR,2BA$1.19
West Oaks Estates1 bdr/ 1 bath1BR,1BA$0.43
The Apartment Place1BR/1BA1BR,1BA$1.07
Mesa Heights Apartments2BR/1.0BA2BR,1BA$1.08
Wheatridge ApartmentsTallgrass1BR,1BA$1.14
Lamro ApartmentsLamro Units1BR,1BA$1.07
Forty One Flats1 Bedroom 1 Bathroom1BR,1BA$0.85

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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 51 Apartments for Rent in Spencer, NE with pricing that ranges from $399 to $2,950. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $500 to $2,200.

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 $500 to $2,200 with an average monthly rent of $1,288.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.

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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.