Cheap Apartments for Rent in Spencer, VA from $300 (9 Rentals)

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

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

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 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 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
property at 1101 Mountain Rd

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom Rentals

Available Now

1101 Mountain Rd

MartinsvilleVA24112
property at 930 Banks Rd

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

2 Bedroom, 1.5 Bath Home for Rent

Available Mar 9

930 Banks Rd

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.

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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288

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 Terrace at Olde Battleground in the Dellwood Park neighborhood priced from $119. Fieldale Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Terrace at Olde Battleground2 Beds | 1.5 Bath2BR,1BA$119
Fieldale Apartments1 Bedroom1BR,1BA$795
Farmwood Gardens1x11BR,1BA$799

Best Value Apartments for Rent in Spencer, VA and Nearby

As of March 05, 2026 the best value apartment in the Spencer area is the $1.08 price per square foot DRC 2/1 reg Model at Dan River Crossing in the starting from $1,400. The second greatest value Spencer apartment is the 2 Bed 1.5 Bath Model at Meadow Run starting at $850 with a $0.71 price per square foot in the Upper Martinsville 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 CrossingDRC 2/1 reg2BR,1BA$1.08
Meadow Run2 Bed 1.5 Bath2BR,1.5BA$0.71
Terrace at Olde BattlegroundThe Greensboro2BR,2.5BA$1.28
Rise BridgeviewB2 Bronze2BR,2BA$1.25
Weddington Place2 Beds, 2 baths2BR,2BA$1.30
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
Fieldale Apartments1 Bedroom1BR,1BA$0.88
Beltway Park at WinstonPlatinum1BR,1BA$1.25
Cedar Green1BR / 1BA1BR,1BA$1.21
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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $494 at Terrace at Olde Battleground.

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 $119 at Terrace at Olde Battleground.

What is the most affordable Spencer Three Bedroom Apartment?

The best deal on a cheap Spencer Three Bedroom Apartment rental is at Terrace at Olde Battleground and starts from $509.

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 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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.