Cheap Apartments for Rent near Spencer, SD from $460 (60 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
close
View Me
Forty One Flats
1 to 4 Bedroom Apartments

Forty One Flats

8701 W 41st StSioux Falls, SD 57106
close
View Me
Copper Flats
1 to 3 Bedroom Apartments

Copper Flats

2415 S Capital StMitchell, SD 57301

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.

Read Article
close
View Me
Greenridge Apartments
1 Bedroom Apartments

Greenridge Apartments

1500 N Kimball StMitchell, SD 57301
Senior Living
  • Utilities Included
property at 223 N Main St
$850 - $1,250
1 To 2 Bedroom Rentals
Available Now

223 N Main St

MitchellSD57301
close
View Me
Golden Prairie
1 to 3 Bedroom Apartments

Golden Prairie

2403 S Capital StMitchell, SD 57301

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.

Read Article
Showing Results 1-50, Page 1 of 2

Spencer, SD Local Guide

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, SD is a 1 Bed unit found at Ashbrook Trail Apartments priced from $460. 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
Ashbrook Trail Apartments1 Bed, 1 bath1BR,1BA$460
Forty One Flats2 Bedroom 1 Bathroom2BR,2BA$612
Copper Flats2 Bedroom 1 Bathroom2BR,1BA$621
Egan Avenue ResidenceBedroom C1BR,1BA$645
Crooks Reserve1 Bedroom 1 Bathroom Apartment1BR,1BA$770
Sunset Villas Apartments1 Bed 1 Bath Apartment1BR,1BA$840
Lake Area Townhomes1 Bedroom1BR,1BA$855
University Hills VillageK# Unit - Studio/1 BA - Non-SmokingStudio,1BA$875
Hillcrest Heights Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$875
Silos at Ellis CrossingApartment Style- 1 Bedroom 1 Bathroom1BR,1BA$900

Best Value Apartments for Rent in Spencer, SD and Nearby

As of September 10, 2026 the best value apartment in the Spencer area is the $1.25 price per square foot Rent Special - 2 Bedroom, 2 Bath Townhomes Model at Maple Pass Apartments & Townhomes in the starting from $1,595. The second greatest value Spencer apartment is the 1 Bedroom Model at Lake Area Townhomes starting at $855 with a $0.72 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.
Maple Pass Apartments & TownhomesRent Special - 2 Bedroom, 2 Bath Townhomes2BR,2BA$1.25
Lake Area Townhomes1 Bedroom1BR,1BA$0.72
Marion Crossing Apartments2 Bed 1 Bath Apartment2BR,1BA$1.02
Stoney Creek Townhomes3 Bedroom 1.5 Bathroom3BR,1.5BA$1.05
Boulder Creek Apartments2bd2ba2BR,2BA$1.13
Copper Flats2 Bedroom 1 Bathroom2BR,1BA$0.78
Parkview Apartments and Townhomes2 bedroom apartment2BR,1BA$1.21
Ashbrook Trail Apartments1 Bed, 1 bath1BR,1BA$0.60
Sunset Villas Apartments1 Bed 1 Bath Apartment1BR,1BA$1.27
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.

Read Article
Decorative image

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.

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Spencer, SD Rentals by Map

Decorative image of map

See the most popular apartments and homes in Spencer, SD

View Map
Spencer, SD Apartments Map
View Map
Spencer, SD Rental Homes Map

Frequently Asked Questions about Cheap Spencer Apartments

What is the Cheapest Studio apartment in Spencer?

Currently the most affordable Cheap Studio Apartment in Spencer is at Crooks Reserve listed at $780.

How much is rent for a Cheap One Bedroom Spencer Apartment?

The lowest price for a Cheap One Bedroom Spencer Apartment is $460 at Ashbrook Trail Apartments.

What is the lowest price for a Cheap Two Bedroom Spencer Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Spencer is starting from $550 at Ashbrook Trail Apartments.

What is the most affordable Spencer Three Bedroom Apartment?

The best deal on a cheap Spencer Three Bedroom Apartment rental is at Stoney Creek Townhomes and starts from $1,145.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.