Cheap Homes for Rent in Spencer, NE from $500 (15 Rentals)

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

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.

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.

property at 1005 S 4th St

1005 S 4th St

NorfolkNE68701

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.

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 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 ListingModel NameBed/BathPriced From
Copper Flats1 Bedroom 1 Bathroom1BR,1BA$480
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$612
Saracen CourtsUnit Block 62BR,1BA$775
Maple Pass Apartments & Townhomes1 Bed 1 Bath Apartment1BR,1BA$835
Sunset Villas Apartments1 Bed 1 Bath Apartment1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
414 W Phillip Ave2 Beds, 1 bath2BR,1BA$1.16
Fifth Street Apartments & TownhousesUpper Apartment3BR,2BA$1.20
Boulder Creek Townhomes2bd2ba2BR,2BA$1.08
Copper Flats3 Bedroom 2 Bathroom3BR,2BA$0.96
Prairie Park Apartments2 Bed, 2 Bath2BR,2BA$1.19
The Apartment Place1BR/1BA1BR,1BA$1.07
Forty One Flats2 Bedroom 2 Bathroom2BR,2BA$0.77
PLUM VILLAUnit A2BR,1BA$1.25
Maple Apartments LLC1 Bed 1 Bath1BR,1BA$1.29
Maple Pass Apartments & Townhomes1 Bed 1 Bath Apartment1BR,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.

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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.

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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.