Cheap Apartments for Rent in Spencer, TN from $500 (31 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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.

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Royal Oaks
2 Bedroom Apartments

Royal Oaks

670 Miller RdSmithville, TN 37166
close
View Me
Governors Place
2 to 3 Bedroom Apartments

Governors Place

115 Governors Place LnLivingston, TN 38570
  • Utilities Included
close
View Me
Alluvian Terrace
3 to 4 Bedroom Apartments

Alluvian Terrace

255 Quinland Lake RdCookeville, TN 38506

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
close
View Me
508 E Broad St
1 Bedroom Apartments

508 E Broad St

508 E Broad StCookeville, TN 38501
Showing Results 1-31, Page 1 of 1

Spencer, TN Local Guide

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, TN is a 1 Bed unit found at University Towers priced from $800. Eagle Village has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University TowersStudios1BR,1BA$800
Eagle VillageStudioStudio,1BA$895
Magnolia Place1 Bed 1 Bath1BR,1BA$895
Valley View Gardens2 Bedroom Unit2BR,1BA$908
Cypress Creek2 Bedroom 2 Bathroom2BR,2BA$912
Compass HeightsA11BR,1BA$949
Hayfield HomesOne Bedroom1BR,1BA$995
ELEVEN502 Beds, 1.5 baths2BR,1BA$1,025
1558 S Spring St2 Beds, 1 bath2BR,1BA$1,050
Country Oaks1 Bedroom1BR,1BA$1,075

Best Value Apartments for Rent in Spencer, TN and Nearby

As of July 27, 2025 the best value apartment in the Spencer area is the $1.19 price per square foot Oxford Model at Hartman Hill in the in the Mile Straight neighborhood starting from $2,999. The second greatest value Spencer apartment is the Springfield II Model at Copper Springs by Meadows Properties starting at $1,650 with a $0.92 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.
Hartman HillOxford4BR,3BA$1.19
Copper Springs by Meadows PropertiesSpringfield II3BR,2.5BA$0.92
Trails of Signal MountainFinley2BR,2BA$0.89
Saxony Apartment Homes2 Bedroom 2.5 Bath2BR,2.5BA$1.25
ELEVEN503 Beds, 2 baths3BR,2BA$1.18
Cypress Creek3 Bedroom 2 Bathroom3BR,2BA$1.00
Valley View Gardens2 Bedroom Unit2BR,1BA$1.10
Hayfield HomesOne Bedroom1BR,1BA$1.24
Compass HeightsA11BR,1BA$1.27
Magnolia Place1 Bed 1 Bath1BR,1BA$1.31

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, TN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Spencer, TN

View Map
Spencer, TN Apartments Map
View Map
Spencer, TN Rental Homes Map

Getting Around Spencer, TN

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

30 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Spencer Apartments

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

The lowest price for a Cheap One Bedroom Spencer Apartment is $800 at University Towers.

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 $908 at Valley View Gardens.

What is the most affordable Spencer Three Bedroom Apartment?

The best deal on a cheap Spencer Three Bedroom Apartment rental is at Valley View Gardens and starts from $1,015.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.