Cheap Apartments for Rent near Spencer, VA from $600 (45 Rentals)

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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.

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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.

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property at 928 Banks Rd S

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

2 Bedroom, 1.5 Bath Home for Rent

Available Aug 1

928 Banks Rd S

MartinsvilleVA24112
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100 Marshall Way
1 to 2 Bedroom Apartments

100 Marshall Way

100 Marshall WayFieldale, VA 24089
  • Utilities Included
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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288
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Fayette Street Lofts
1 Bedroom Apartments

Fayette Street Lofts

62 Fayette StreetMartinsville, VA 24112
Corporate Housing
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224 The Blvd
1 Bedroom Apartments

224 The Blvd

224 The BlvdEden, NC 27288
Corporate Housing
  • Utilities Included

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.

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property at 841 Vista View Ln

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Now

841 Vista View Ln

RidgewayVA24148
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Phoenix Cinder
1 to 2 Bedroom Apartments

Phoenix Cinder

4501 NC Hwy 704Madison, NC 27025
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Rise Bridgeview
1 to 3 Bedroom Apartments

Rise Bridgeview

3520 Drawbridge PkyGreensboro, NC 27410
Corporate Housing
property at 614 Clift St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

3 Bedroom, 1.5 Bath Home for Rent

Available Jul 31

614 Clift St

MartinsvilleVA24112
property at 305 Granville St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 2 Bath Home for Rent

Available Now

305 Granville St

MartinsvilleVA24112
property at 4068 Franklin St

$990

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$990
Total Monthly Price
$990

3 Bedroom, 1 Bath Home for Rent

Available Now

4068 Franklin St

Rocky MountVA24151

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.

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property at 935 Myrtle Rd

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

3 Bedroom, 1 Bath Home for Rent

Available Now

935 Myrtle Rd

MartinsvilleVA24112
property at 412 Virginia St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

412 Virginia St

MartinsvilleVA24112
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58 West Apartments
2 Bedroom Apartments

58 West Apartments

12265 Martinsville HwyDanville, VA 24541
  • Utilities Included
property at 2036 Cascade Mill Rd

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

2036 Cascade Mill Rd

CascadeVA24069

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.

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Showing Results 1-45, Page 1 of 1

Spencer, VA Local Guide

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, VA is a 1 Bed unit found at Farmwood Gardens in the Kernersville neighborhood priced from $799. Hill Court Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $875. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Farmwood Gardens1x11BR,1BA$799
Hill Court Apartments2 Bed 1 Bath2BR,1BA$875
School Drive ApartmentsOne Bedroom1BR,1BA$921
Lynn Street Lofts2BR/1.5BA2BR,1BA$929
Chief TasselOne Bed - Unfurnished1BR,1BA$945
Beltway Park at WinstonGold1BR,1BA$950
Lofts at Mill Creek Apartments1 Bed 1 Bath1BR,1BA$959
Lakemont Apartment HomesHampton1BR,1BA$979
ONE Ellsworth1BR/1.0BA1BR,1BA$1,000
Beechwood ApartmentsWindsor1BR,1BA$1,025

Best Value Apartments for Rent in Spencer, VA and Nearby

As of July 28, 2026 the best value apartment in the Spencer area is the $1.26 price per square foot Waterford Model at Lake Brandt Apartments in the in the Natchez Trace neighborhood starting from $1,705. The second greatest value Spencer apartment is the C1 Classic Model at Rise Bridgeview starting at $1,525 with a $1.19 price per square foot in the Forest Valley neighborhood. 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.
Lake Brandt ApartmentsWaterford3BR,2BA$1.26
Rise BridgeviewC1 Classic3BR,2BA$1.19
Lynn Street Lofts2BR/1.5BA2BR,1.5BA$0.77
Allerton PlaceStarmount with Sunroom2BR,2BA$1.08
Ferrell Historic Lofts2BR/2.0BA2BR,2BA$1.30
Landon Creek ApartmentsTwo Bed, Two Bath2BR,2BA$1.27
Dan River CrossingDRC 1bedroom - Upgrade1BR,1BA$1.24
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
Mill Creek FlatsGardenia2BR,2BA$1.19
Farmwood Gardens1x11BR,1BA$1.18

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.

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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.

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

Explore Spencer, VA Rentals by Map

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See the most popular apartments and homes in Spencer, VA

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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 $799 at Farmwood Gardens.

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 $875 at Hill Court Apartments.

What is the most affordable Spencer Three Bedroom Apartment?

The best deal on a cheap Spencer Three Bedroom Apartment rental is at Hill Court Apartments and starts from $999.

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

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

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.