617 S Prairie Ave
Sioux FallsSD57104
Cheap Homes for Rent in Spencer, SD from $700 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.
608 S Wisconsin St
MitchellSD57301
411 Stafford St
ScotlandSD57059
1301 John Deere Cir
MadisonSD57042
223 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.
203 S Covell Ave
Sioux FallsSD57104
101 W Wisconsin St
TrippSD57376
625 S Prairie Ave
Sioux FallsSD57104
828 W 2nd Ave
MitchellSD57301
1020 E 1st Ave
MitchellSD57301
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.
309 W Washington Ave
HowardSD57349
703 N Mundt Ave
HartfordSD57033
705 S Davison St
MitchellSD57301
234 Elmwood Ave
Sioux FallsSD57104
2904 W 33rd St
Sioux FallsSD57105
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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 | $1,548 | $770 | $3,850 |
| Spencer 3 Bedroom Homes for Rent | $1,595 | $850 | $2,500 |
| Spencer 4 Bedroom Homes for Rent | $1,872 | $1,450 | $2,300 |
| Spencer 5 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Browse Top Homes for Rent in Spencer
Explore Spencer
Spencer, SD Local Guide
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Cheapest Available Spencer Apartments for Rent and Nearby
The cheapest available apartment rental in Spencer, SD is a 1 Bed unit found at West Oaks Estate priced from $399. Forty One Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $510. Here is today’s list of the most affordable Spencer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West Oaks Estate | 1 bdr/ 1 bath | 1BR,1BA | $399 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $510 |
| Yukon at Benson | Studio | Studio,1BA | $795 |
| Maple Pass Apartments and Townhomes in Hartford, SD | Rent Special - Studio Apts | Studio,1BA | $825 |
| University Hills Village | Unit Type K3 - Studio/1 BA - Non Smoking | Studio,1BA | $850 |
Best Value Apartments for Rent in Spencer, SD and Nearby
As of April 27, 2026 the best value apartment in the Spencer area is the $0.99 price per square foot 2 Bedroom PIIB Model at Lake Area Townhomes in the starting from $1,590. The second greatest value Spencer apartment is the 3 Bedrooms, 2 Bathrooms Model at The Brixx Villas starting at $1,525 with a $1.21 price per square foot in the Northwest Sioux Falls 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. |
|---|---|---|---|
| Lake Area Townhomes | 2 Bedroom PIIB | 2BR,2BA | $0.99 |
| The Brixx Villas | 3 Bedrooms, 2 Bathrooms | 3BR,2BA | $1.21 |
| Stoney Creek Townhomes | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.05 |
| Boulder Creek Apartments | 2bd/2ba Remodel | 2BR,2BA | $1.18 |
| 41st Street Commons | b4 | 2BR,1.5BA | $1.21 |
| Hillcrest Heights Apartments | 2 Bedroom 2 Bathroom Apartment | 2BR,2BA | $1.22 |
| West Oaks Estate | 1 bdr/ 1 bath | 1BR,1BA | $0.43 |
| Wheatridge Apartments & Townhomes | Tallgrass | 1BR,1BA | $1.14 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.18 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.85 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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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 45 Apartments for Rent in Spencer, SD with pricing that ranges from $399 to $2,177. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $700 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 $700 to $3,850 with an average monthly rent of $1,588.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.