309 W Washington Ave
HowardSD57349
Cheap Homes for Rent in Spencer, NE from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.
521 S Menlo Ave
Sioux FallsSD57104
304 N Main St
MitchellSD57301
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
507 W 20th St
YanktonSD57078
223 N Main St
MitchellSD57301
304 N 12th St
NorfolkNE68701
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.
Showing Results 1-6, Page 1 of 1
Spencer, NE Local Guide
Autumn in Nebraska by right2roam is licensed under CC BY 2.0
How much does it cost to rent a home in Spencer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spencer 2 Bedroom Homes for Rent | $1,105 | $850 | $1,361 |
| Spencer 3 Bedroom Homes for Rent | $1,630 | $1,150 | $1,925 |
| Spencer 5 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
Browse Top Homes for Rent in Spencer
Explore Spencer
Spencer, NE Local Guide
- Nearby Cities
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Cheapest Available Spencer Apartments for Rent and Nearby
The cheapest available apartment rental in Spencer, NE is a Studio unit found at Oak Park priced from $605. 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 |
|---|---|---|---|
| Oak Park | Efficiency - Interior | Studio,1BA | $605 |
| Forty One Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $612 |
| 814 E Highway 44 | Lamro Units | 1BR,1BA | $675 |
Best Value Apartments for Rent in Spencer, NE and Nearby
As of June 11, 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 Rent Special - 3 Bed, 2 Bath Apts Model at Maple Pass Apartments & Townhomes starting at $1,295 with a $1.08 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 |
| Maple Pass Apartments & Townhomes | Rent Special - 3 Bed, 2 Bath Apts | 3BR,2BA | $1.08 |
| Boulder Creek Apartments | 2bd/2ba Remodel | 2BR,2BA | $1.18 |
| Westbrook Estates I | 2 Bed 1 Bath | 2BR,1BA | $1.15 |
| Westview Heights Apartments, LLC | 2Bed/2Bath | 2BR,2BA | $1.28 |
| Edgewood Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.26 |
| The Apartment Place | 1BR/1BA | 1BR,1BA | $1.07 |
| Forty One Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $0.77 |
| PLUM VILLA | Unit B | 2BR,1BA | $1.25 |
| 814 E Highway 44 | Lamro Units | 1BR,1BA | $0.99 |
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 Article
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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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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Explore Spencer, NE Rentals by Map
See the most popular apartments and homes in Spencer, NE
Frequently Asked Questions about Spencer
What type of rentals are currently available in Spencer?
There are currently 53 Apartments for Rent in Spencer, NE with pricing that ranges from $675 to $1,975. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $695 to $2,150.
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 $695 to $2,150 with an average monthly rent of $1,473.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.