Cheap Apartments for Rent in Spencerville, IN from $500 (25 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Montrose Square
$600 - $1,547
Total Monthly Price

Total Monthly Price

Base Rent
$600 - $1,547
Total Monthly Price
$600 - $1,547
Studio to 2 Bedroom Apartments Contact Us For Availability

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

Read Article

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.

Read Article

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.

Read Article
property at 340 N Wayne St

$750 - $800

1 Bedroom Rentals

Available Now

340 N Wayne St

WaterlooIN46793

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.

Read Article
close
View Me
Black Hawk Apartments
1 to 3 Bedroom Apartments

Black Hawk Apartments

3010 Simcoe DrFort Wayne, IN 46815
Corporate Housing
Showing Results 1-25, Page 1 of 1

Spencerville, IN Local Guide

Cheapest Available Spencerville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencerville, IN is a Studio unit found at Fountain Lake Apartment Homes in the Northeast Fort Wayne neighborhood priced from $780. Graystone Apartments in the Northeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here is today’s list of the most affordable Spencerville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fountain Lake Apartment HomesTreviStudio,1BA$780
Graystone ApartmentsGraystone Apartments 1bed studioStudio,1BA$790
Wallen Hills ApartmentsIvywoodStudio,1BA$833
Canterbury GreenWestgate 1Bed 1Bath 728sqft1BR,1BA$995
Black Hawk ApartmentsAutumn1BR,1BA$999

Best Value Apartments for Rent in Spencerville, IN and Nearby

As of May 02, 2026 the best value apartment in the Spencerville area is the $1.13 price per square foot Two Bedroom Model at Huntertown Apartments in the in the Outer Northside neighborhood starting from $1,695. The second greatest value Spencerville apartment is the Villa Model at Villas for Rent by Capital Property Management, LLC starting at $1,895 with a $1.30 price per square foot in the Pine Valley neighborhood. Here is today’s list of the best values for Spencerville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$1.13
Villas for Rent by Capital Property Management, LLCVilla3BR,2.5BA$1.30
Redwood Fort Wayne Wallen RoadForestwood2BR,2BA$1.37
Evard Place - Solar Powered2 Bedroom 2 Bath2BR,2BA$1.25
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1.5BA$1.16
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.06
Windsor OaksThe Hickory2BR,1BA$1.28
BONTERRA APARTMENTSCharbono2BR,1BA$1.40
Island ClubSt Thomas - Premium1BR,1BA$1.40
St Joe Place2x22BR,2BA$0.80

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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 Spencerville, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Spencerville, IN

View Map
Spencerville, IN Apartments Map
View Map
Spencerville, IN Rental Homes Map

Frequently Asked Questions about Cheap Spencerville Apartments

What is the Cheapest Studio apartment in Spencerville?

Currently the most affordable Cheap Studio Apartment in Spencerville is at Fountain Lake Apartment Homes listed at $780.

How much is rent for a Cheap One Bedroom Spencerville Apartment?

The lowest price for a Cheap One Bedroom Spencerville Apartment is $872 at Fountain Lake Apartment Homes.

What is the lowest price for a Cheap Two Bedroom Spencerville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Spencerville is starting from $964 at Fountain Lake Apartment Homes.

What is the most affordable Spencerville Three Bedroom Apartment?

The best deal on a cheap Spencerville Three Bedroom Apartment rental is at Woodview Manor Apartments and starts from $1,575.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.