
Cheap Homes for Rent near Spencerville, IN from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Spencerville.


340 N Wayne St

107 N Rufus St
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.

302 S Walsh St

304 S Guilford St

506 Constance Ave
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.
Spencerville, IN Local Guide

How much does it cost to rent a home in Spencerville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spencerville 2 Bedroom Homes for Rent | $2,069 | $950 | $2,530 |
| Spencerville 3 Bedroom Homes for Rent | $1,836 | $1,100 | $2,300 |
| Spencerville 4 Bedroom Homes for Rent | $2,231 | $1,900 | $2,495 |
Browse Top Homes for Rent in Spencerville
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Spencerville, IN Local Guide
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Cheapest Available Spencerville Apartments for Rent and Nearby
 The cheapest available apartment rental in Spencerville, IN is a 2 Beds unit found at Fountain Lake Apartment Homes in the Northeast Fort Wayne neighborhood priced from $964. Wallen Hills Apartments in the Northwest Fort Wayne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $970. Here is today’s list of the most affordable Spencerville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fountain Lake Apartment Homes | Bellagio | 2BR,1BA | $964 |
| Wallen Hills Apartments | Teakwood | 1BR,1BA | $970 |
| Canterbury Green | Folkstone 2Bed 1Bath 950sqft | 2BR,1BA | $1,025 |
Best Value Apartments for Rent in Spencerville, IN and Nearby
As of July 12, 2026 the best value apartment in the Spencerville area is the $1.05 price per square foot Townhomes Model at Evard Place - Solar Powered in the in the Northeast Fort Wayne neighborhood starting from $2,000. The second greatest value Spencerville apartment is the Kensington Model at Union Club Apartments starting at $2,225 with a $1.27 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Evard Place - Solar Powered | Townhomes | 3BR,2.5BA | $1.05 |
| Union Club Apartments | Kensington | 3BR,2BA | $1.27 |
| Huntertown Apartments | Two Bedroom | 2BR,2.5BA | $1.13 |
| Canterbury Green | Queen Elizabeth 3Bed 2.5Bath 1310sqft | 3BR,2.5BA | $1.24 |
| Reserve at Dawson's Creek | The Goldenrod - Premium | 3BR,2BA | $1.17 |
| Emerald Pointe (55+ Senior Community) | Hawthorne | 2BR,1.5BA | $1.16 |
| Windsor Oaks | The Hickory | 2BR,1BA | $1.28 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
| Fountain Lake Apartment Homes | Buckingham | 2BR,1.5BA | $1.03 |
| St Joe Place | 2x2 | 2BR,2BA | $0.80 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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!
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Frequently Asked Questions about Spencerville
What type of rentals are currently available in Spencerville?
There are currently 42 Apartments for Rent in Spencerville, IN with pricing that ranges from $585 to $2,839. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencerville ranging from $700 to $2,530.
What is the current price range for Rental Homes in Spencerville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Spencerville ranges from $700 to $2,530 with an average monthly rent of $1,731.
How much are larger Three and Four Bedroom Rentals in Spencerville?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Spencerville range from $1,390 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $585.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.