
Cheap Homes for Rent in Spencer, NE from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.


716a E Main St
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.

304 N Main St

326 McCabe St

210 N Main St

608 S Anderson St

307 W Washington Ave
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.

507 W 20th St

1029 Kim Ln

508 W 2nd Ave

1005 S 4th St

1200 E 3rd Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

510 E Maple St

216 E 11th Ave

618 S Edmunds St
Spencer, NE 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 | $1,017 | $500 | $1,750 |
Spencer 3 Bedroom Homes for Rent | $1,556 | $900 | $2,400 |
Spencer 4 Bedroom Homes for Rent | $1,496 | $1,435 | $1,650 |
Browse Top Homes for Rent in Spencer
Explore Spencer
Spencer, NE Local Guide
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Cheapest Available Spencer Apartments for Rent and Nearby
 The cheapest available apartment rental in Spencer, NE is a 1 Bed unit found at Copper Flats priced from $480. Forty One Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $612. Here is today’s list of the most affordable Spencer apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Copper Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $480 |
Forty One Flats | 2 Bedroom 2 Bathroom | 2BR,2BA | $612 |
Saracen Courts | Unit Block 6 | 2BR,1BA | $775 |
Maple Pass Apartments & Townhomes | 1 Bed 1 Bath Apartment | 1BR,1BA | $835 |
Sunset Villas Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $835 |
Best Value Apartments for Rent in Spencer, NE and Nearby
As of May 23, 2025 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 Upper Apartment Model at Fifth Street Apartments & Townhouses starting at $1,450 with a $1.20 price per square foot . 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. |
---|---|---|---|
414 W Phillip Ave | 2 Beds, 1 bath | 2BR,1BA | $1.16 |
Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
Boulder Creek Townhomes | 2bd2ba | 2BR,2BA | $1.08 |
Copper Flats | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.96 |
Prairie Park Apartments | 2 Bed, 2 Bath | 2BR,2BA | $1.19 |
The Apartment Place | 1BR/1BA | 1BR,1BA | $1.07 |
Forty One Flats | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.77 |
PLUM VILLA | Unit A | 2BR,1BA | $1.25 |
Maple Apartments LLC | 1 Bed 1 Bath | 1BR,1BA | $1.29 |
Maple Pass Apartments & Townhomes | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.21 |
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.
Frequently Asked Questions about Spencer
What type of rentals are currently available in Spencer?
There are currently 46 Apartments for Rent in Spencer, NE with pricing that ranges from $399 to $2,814. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $500 to $2,400.
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 $2,400 with an average monthly rent of $1,249.
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.

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.

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.

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.

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.