309 W Washington Ave
HowardSD57349
Cheap Homes for Rent near Spencer, SD from $695 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.
101 W Wisconsin St
TrippSD57376
223 N Main St
MitchellSD57301
102 Haley Ct
TeaSD57064
46018 238th St
WentworthSD57075
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.
1019 W 4th Ave
MitchellSD57301
914 E 2nd Ave
MitchellSD57301
3712 S Terry Ave
Sioux FallsSD57106
623 N Edmunds St
MitchellSD57301
515 E Hanson Ave
MitchellSD57301
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.
509 E 1st Ave
MitchellSD57301
2200 N Main Ave
TeaSD57064
301 N Cherry St
LennoxSD57039
401 W 11th Ave
MitchellSD57301
933 E 5th Ave
MitchellSD57301
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.
Showing Results 1-15, Page 1 of 1
Spencer, SD Local Guide
South Dakota grasslands by Lars Plougmann 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 | $1,811 | $1,200 | $3,850 |
| Spencer 3 Bedroom Homes for Rent | $1,658 | $850 | $2,200 |
| Spencer 4 Bedroom Homes for Rent | $1,927 | $1,500 | $2,300 |
| Spencer 5 Bedroom Homes for Rent | $2,845 | $2,845 | $2,845 |
Browse Top Homes for Rent in Spencer
Explore Spencer
Spencer, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ashbrook Trail Apartments | 1 Bed, 1 bath | 1BR,1BA | $460 |
| Forty One Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $612 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,1BA | $621 |
| Egan Avenue Residence | Bedroom C | 1BR,1BA | $645 |
| Crooks Reserve | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $770 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Maple Pass Apartments & Townhomes | Rent Special - 2 Bedroom, 2 Bath Townhomes | 2BR,2BA | $1.25 |
| Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $0.72 |
| Marion Crossing Apartments | 2 Bed 1 Bath Apartment | 2BR,1BA | $1.02 |
| Stoney Creek Townhomes | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.05 |
| Boulder Creek Apartments | 2bd2ba | 2BR,2BA | $1.13 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.78 |
| Parkview Apartments and Townhomes | 2 bedroom apartment | 2BR,1BA | $1.21 |
| Ashbrook Trail Apartments | 1 Bed, 1 bath | 1BR,1BA | $0.60 |
| Sunset Villas Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.27 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,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
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 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 Article
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.
Let everyone know!
Do you know the Spencer area?
If you’re an expert on all things Spencer, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Spencer, SD Rentals by Map
See the most popular apartments and homes in Spencer, SD
Frequently Asked Questions about Spencer
What type of rentals are currently available in Spencer?
There are currently 49 Apartments for Rent in Spencer, SD with pricing that ranges from $460 to $2,510. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $695 to $3,850.
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 $3,850 with an average monthly rent of $1,663.
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
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.
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.
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.
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.