Cheap Apartments for Rent in Spencer, VA from $600 (44 Rentals)

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

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.

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.

property at 2712 Rakes Rd

$650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

Studio, 1 Bath Home for Rent

Available Now

2712 Rakes Rd

Rocky MountVA24151
property at 10 Circle Dr

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

2 Bedroom, 1 Bath Home for Rent

Available Now

10 Circle Dr

MartinsvilleVA24112

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.

property at 6 Circle Dr

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

2 Bedroom, 1 Bath Home for Rent

Available Now

6 Circle Dr

MartinsvilleVA24112
property at 8 Circle Dr

$700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

2 Bedroom, 1 Bath Home for Rent

Available Now

8 Circle Dr

MartinsvilleVA24112
property at 705 4th St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Now

705 4th St

MartinsvilleVA24112
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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
property at 7 Chestnut St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

7 Chestnut St

FieldaleVA24089
property at 808 D St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

808 D St

MartinsvilleVA24112

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.

property at 615 Dumaine St

$850 - $1,050

1 To 2 Bedroom Rentals

Available Now

615 Dumaine St

EdenNC27288
property at 85 Wilson St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

85 Wilson St

Rocky MountVA24151
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Phoenix Cinder
1 to 2 Bedroom Apartments

Phoenix Cinder

4501 NC Hwy 704Madison, NC 27025
property at 66 Carlson Ave

$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

66 Carlson Ave

DanvilleVA24541
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58 West Apartments
2 Bedroom Apartments

58 West Apartments

12265 Martinsville HwyDanville, VA 24541
  • Utilities Included
property at 2280 Oak Level Rd

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

2280 Oak Level Rd

BassettVA24055

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.

property at 5109 Dry Fork Rd

$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

5109 Dry Fork Rd

Dry ForkVA24549
property at 671 Park Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

671 Park Ave

DanvilleVA24541

Spencer, VA Local Guide

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, VA is a 2 Beds unit found at Highland Heights 138 priced from $695. Willow Creek Apartments (201 Audubon Dr) has the second lowest priced unit, which is a 2 Beds apartment currently listed from $725. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland Heights 1382BR/1.0BA2BR,1BA$695
Willow Creek Apartments (201 Audubon Dr)2BR/1.0BA2BR,1BA$725
100 Marshall Way1 Bedroom1BR,1BA$795
Farmwood Gardens1x11BR,1BA$799
74-78 Halifax Dr1Br/1Ba1BR,1BA$800
Hill Court Apartments2 Bed 1 Bath2BR,1BA$875
Beltway Park at WinstonGold1BR,1BA$900
Lynn Street Lofts2BR/2.0BA2BR,2BA$929
Lakemont Apartment HomesHampton1BR,1BA$939
Chief TasselOne Bed - Unfurnished1BR,1BA$945

Best Value Apartments for Rent in Spencer, VA and Nearby

As of April 29, 2026 the best value apartment in the Spencer area is the $1.28 price per square foot 2BR/2.0BA Model at Dan River Crossing in the starting from $1,650. The second greatest value Spencer apartment is the Grandover with Deck-Renovated Model at Allerton Place starting at $1,435 with a $1.18 price per square foot in the Pearman Estates 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.
Dan River Crossing2BR/2.0BA2BR,2BA$1.28
Allerton PlaceGrandover with Deck-Renovated3BR,2BA$1.18
Lynn Street Lofts2BR/2.0BA2BR,2BA$0.77
Highland Heights 1382BR/1.0BA2BR,1BA$0.69
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
100 Marshall Way1 Bedroom1BR,1BA$0.88
Northpointe22BR,1.5BA$1.13
Beltway Park at WinstonPlatinum1BR,1BA$1.25
Farmwood Gardens1x11BR,1BA$1.18
74-78 Halifax Dr1Br/1Ba1BR,1BA$1.23

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.

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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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The 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.

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Cash 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.

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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.

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

Explore Spencer, VA Rentals by Map

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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 $795 at 100 Marshall Way.

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 $695 at Highland Heights 138.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.