Cheap Apartments for Rent in Spencer, VA from $700 (40 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
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.

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.

close
View Me
Fieldale Apartments
1 Bedroom Apartments

Fieldale Apartments

100 Marshall WayFieldale, VA 24089
  • Utilities Included

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.

close
View Me
Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288
close
View Me
602 Henry St
Studio to 2 Bedroom Apartments

602 Henry St

602 Henry StEden, NC 27288
property at 7734 US-29

7734 US-29

Browns SummitNC27214
close
View Me
Rise Bridgeview
1 to 3 Bedroom Apartments

Rise Bridgeview

3520 Drawbridge PkyGreensboro, NC 27410

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.

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 Vernon Farms neighborhood priced from $799. Cedar Green in the Outer Smith Reynolds Airport neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Farmwood Gardens1x11BR,1BA$799
Cedar Green1BR / 1BA1BR,1BA$800
1st Month FREE - Hill Court Apartments1 Bed 1 Bath1BR,1BA$875
School Drive ApartmentsOne Bedroom1BR,1BA$921
Lofts at Mill Creek Apartments1 Bed 1 Bath1BR,1BA$925
Ridge View2 Bedroom2BR,1BA$926
Beltway Park at WinstonGold1BR,1BA$970
Lakemont Apartment HomesHampton1BR,1BA$995
Chief TasselOne Bed - Unfurnished1BR,1BA$995
BeechwoodWindsor1BR,1BA$1,025

Best Value Apartments for Rent in Spencer, VA and Nearby

As of June 13, 2025 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 Grandover with Deck Model at Allerton Place starting at $1,460 with a $1.20 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 CrossingDRC 2/1 reg2BR,1BA$1.08
Allerton PlaceGrandover with Deck3BR,2BA$1.20
Woodland Heights Apartments2BR w/ SRM2BR,2BA$1.15
Ridge View3 Bedroom3BR,2BA$1.02
Kensington PlaceMagnolia2BR,2BA$1.16
Northpointe33BR,2BA$1.12
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.12
Landon Creek ApartmentsOne Bed, One Bath1BR,1BA$1.16
Cedar Green1BR / 1BA1BR,1BA$1.14
Farmwood Gardens1x11BR,1BA$1.18

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, VA Rentals by Map

View MapSpencer, VA Apartments MapView MapSpencer, VA Rental Homes Map

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 $899 at Farmwood Gardens.

What is the most affordable Spencer Three Bedroom Apartment?

The best deal on a cheap Spencer Three Bedroom Apartment rental is at Ridge View and starts from $1,070.

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.