Cheap Apartments for Rent in Spencer, VA from $700 (41 Rentals)

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

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Fieldale Apartments
1 to 2 Bedroom Apartments

Fieldale Apartments

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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602 Henry St
Studio to 2 Bedroom Apartments

602 Henry St

602 Henry StEden, NC 27288
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58 West Apartments
2 Bedroom Apartments

58 West Apartments

12265 Martinsville HwyDanville, VA 24541
  • Utilities Included
Showing Results 1-41, 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 Fayette Street Lofts in the Upper Martinsville neighborhood priced from $795. Farmwood Gardens in the Vernon Farms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fayette Street LoftsLoft1BR,1BA$795
Farmwood Gardens1x11BR,1BA$799
Cedar Green1BR / 1BA1BR,1BA$825
224 The Blvd1 Bed / 1 Bath1BR,1BA$850
Hill Court Apartments1 Bed 1 Bath1BR,1BA$875
Beltway Park at WinstonGold1BR,1BA$900
Lakemont Apartment HomesHampton1BR,1BA$919
School Drive ApartmentsOne Bedroom1BR,1BA$921
Woodland Heights Apartments1BR, 1BA1BR,1BA$950
Lofts at Mill Creek Apartments1 Bed 1 Bath1BR,1BA$980

Best Value Apartments for Rent in Spencer, VA and Nearby

As of November 03, 2025 the best value apartment in the Spencer area is the $1.00 price per square foot 3/2 60% AMI Model at Ridge View in the in the Upper Martinsville neighborhood starting from $1,284. The second greatest value Spencer apartment is the 2 Bed/2 Bath Model at Hawthorne Apartments starting at $1,375 with a $1.13 price per square foot . 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.
Ridge View3/2 60% AMI3BR,2BA$1.00
Hawthorne Apartments2 Bed/2 Bath2BR,2BA$1.13
Ferrell Historic Lofts2BR/1.5BA2BR,1.5BA$1.06
Woodland Heights Apartments2BRx2BA w/SRM2BR,2BA$1.03
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
Northpointe22BR,1.5BA$1.13
Fayette Street LoftsFlat1BR,1BA$1.03
Beltway Park at WinstonPlatinum1BR,1BA$1.25
Cedar Green1BR / 1BA1BR,1BA$1.18
Farmwood Gardens1x11BR,1BA$1.18

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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 Fayette Street Lofts.

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 Woodland Heights Apartments and starts from $1,100.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.