
Cheap Homes for Rent in Spencer, OK from $600 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.


1632 Spencer Rd

1020 Spencer Rd

4033 Locust Dr

8511 Justin Pl

3413 Willow Creek Dr
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.

8910 Oak Valley Dr

2108 St Mark Ave

3409 Willow Creek Dr

1525 N Christine Dr

1809 Michell Dr

208 W Shadywood Dr
Oklahoma City's Best Affordable Neighborhoods
Learn about Oklahoma City and the best places to live with original content written by Local Expert Mike Heuer

3800 Woodside Dr
Spencer, OK 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 | $993 | $655 | $1,499 |
| Spencer 3 Bedroom Homes for Rent | $1,359 | $975 | $1,820 |
| Spencer 4 Bedroom Homes for Rent | $1,557 | $1,195 | $1,990 |
| Spencer 5 Bedroom Homes for Rent | $1,885 | $1,650 | $2,500 |
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Spencer, OK Local Guide
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Cheapest Available Spencer Apartments for Rent
 The cheapest available apartment rental in Spencer, OK is a Studio unit found at The Ridge in the Outer Northeast Oklahoma City neighborhood priced from $600. Sandhill Apartments in the Outer Northeast Oklahoma City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $635. Here is today’s list of the most affordable Spencer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Ridge | Studio | Studio,1BA | $600 |
| Sandhill Apartments | A1 | 1BR,1BA | $635 |
| Calico Corners | 1 Bedroom | 1BR,1BA | $645 |
| Treehouse Apartments | Studio | Studio,1BA | $650 |
| Huntington Place Apartments | 1.1 Jr | 1BR,1BA | $700 |
Best Value Apartments for Rent in Spencer, OK
As of June 10, 2026 the best value apartment in the Spencer area is the $0.95 price per square foot Two bed/Two bath Flat Model at Meadowood Village Apartments in the in the Garden Neighborhood Council neighborhood starting from $925. The second greatest value Spencer apartment is the Three Bedroom Model at Midwest Territory starting at $1,055 with a $1.11 price per square foot in the Outer Northeast Oklahoma City neighborhood. 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. |
|---|---|---|---|
| Meadowood Village Apartments | Two bed/Two bath Flat | 2BR,2BA | $0.95 |
| Midwest Territory | Three Bedroom | 3BR,2BA | $1.11 |
| Red Bud Landing | Red Bud Landing - 07-06... | 1BR,1BA | $1.10 |
| Villa Gardens Apartments | 1 Bed | 1BR,1BA | $1.12 |
| Parkview Apartments | 1 Bedroom Loft | 1BR,1BA | $1.07 |
| Coachlight Apartments | One Bedroom One Bathroom Apartment | 1BR,1BA | $1.10 |
| Raintree Meadows Apartments | 1X1 | 1BR,1BA | $1.11 |
| Cherry Hill Apartments | 1 Bedroom | 1BR,1BA | $1.12 |
| Sandhill Apartments | A1 | 1BR,1BA | $0.98 |
| Calico Corners | 1 Bedroom | 1BR,1BA | $1.08 |
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 ArticleReal 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.
Read ArticleQuick 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.
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 54 Apartments for Rent in Spencer, OK with pricing that ranges from $600 to $2,655. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $655 to $2,600.
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 $655 to $2,600 with an average monthly rent of $1,678.
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 $835 to $2,655, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $1,820. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $1,300.
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.
Helpful Local Expert Guides

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I’m Mike, your ApartmentHomeLiving.com Local Expert for Oklahoma City, Oklahoma. The city is one of the lesser-known gems of the South-Central United States, and it always impressed me when visiting family in the city.

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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.