
Cheap Apartments for Rent in Spencer, VA from $600 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Spencer.


Willow Creek Apartments (201 Audubon Dr)

100 Marshall Way

Farmwood Gardens

74-78 Halifax Dr

Lakemont Apartment Homes

Cedar Green

Hill Court Apartments
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.

Lofts at Mill Creek Apartments

Total Monthly Price
Beltway Park at Winston

Meadow Run

Lynn Street Lofts

Chief Tassel

Allerton Place

Northpointe

Mill Creek Flats
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.

Oakmont Apartments

Terrace Oaks

Lake Brandt Apartments

Kensington Place

Woodland Heights Apartments

River District Lofts

2712 Rakes Rd

10 Circle Dr
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.

6 Circle Dr

8 Circle Dr

705 4th St

Ray Commons

Fayette Street Lofts

224 The Blvd

7 Chestnut St

808 D St
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.

615 Dumaine St

85 Wilson St

School Drive Apartments

Phoenix Cinder

483 Virgil H Goode Hwy

66 Carlson Ave

58 West Apartments

2280 Oak Level Rd
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.

5109 Dry Fork Rd

Huntsview Apartments

1318 Front St

671 Park Ave
Spencer, VA Local Guide

How much does it cost to rent an apartment in Spencer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spencer Studio Apartments | $825 | $825 | $825 |
| Spencer 1 Bedroom Apartments | $1,290 | $795 | $1,731 |
| Spencer 2 Bedroom Apartments | $1,437 | $695 | $2,040 |
| Spencer 3 Bedroom Apartments | $1,588 | $999 | $2,190 |
Browse Top Apartments in Spencer
See all Apartments in SpencerExplore Spencer
Spencer, VA Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Heights 138 | 2BR/1.0BA | 2BR,1BA | $695 |
| Willow Creek Apartments (201 Audubon Dr) | 2BR/1.0BA | 2BR,1BA | $725 |
| 100 Marshall Way | 1 Bedroom | 1BR,1BA | $795 |
| Farmwood Gardens | 1x1 | 1BR,1BA | $799 |
| 74-78 Halifax Dr | 1Br/1Ba | 1BR,1BA | $800 |
| Hill Court Apartments | 2 Bed 1 Bath | 2BR,1BA | $875 |
| Beltway Park at Winston | Gold | 1BR,1BA | $900 |
| Lynn Street Lofts | 2BR/2.0BA | 2BR,2BA | $929 |
| Lakemont Apartment Homes | Hampton | 1BR,1BA | $939 |
| Chief Tassel | One Bed - Unfurnished | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dan River Crossing | 2BR/2.0BA | 2BR,2BA | $1.28 |
| Allerton Place | Grandover with Deck-Renovated | 3BR,2BA | $1.18 |
| Lynn Street Lofts | 2BR/2.0BA | 2BR,2BA | $0.77 |
| Highland Heights 138 | 2BR/1.0BA | 2BR,1BA | $0.69 |
| Oakmont Apartments | Downstairs 2 Bed/1.5 Bath | 2BR,1.5BA | $1.07 |
| 100 Marshall Way | 1 Bedroom | 1BR,1BA | $0.88 |
| Northpointe | 2 | 2BR,1.5BA | $1.13 |
| Beltway Park at Winston | Platinum | 1BR,1BA | $1.25 |
| Farmwood Gardens | 1x1 | 1BR,1BA | $1.18 |
| 74-78 Halifax Dr | 1Br/1Ba | 1BR,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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Spencer, VA Rentals by Map
See the most popular apartments and homes in Spencer, VA
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

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.

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.

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.

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.