Cheap Homes for Rent in Spencerville, OH from $600 (11 Rentals)

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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.

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, OH Local Guide

Cheapest Available Spencerville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencerville, OH is a 1 Bed unit found at Town Square Senior Apartments - 62+ or HUD priced from $225. Wellington Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. Here is today’s list of the most affordable Spencerville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Town Square Senior Apartments - 62+ or HUDStudio1BR,1BA$225
Wellington Place2 Bedroom Unit2BR,1BA$625
Partridge Place2 Bedroom Unit2BR,1BA$709
Royal Jameson1 Bedroom1BR,1BA$738
EAGLES POINT APARTMENTS2 Bedroom 1 Bathroom2BR,1BA$745

Best Value Apartments for Rent in Spencerville, OH and Nearby

As of May 08, 2026 the best value apartment in the Spencerville area is the $0.39 price per square foot 3 Bed 3 Bath Model at The Annex of Lima in the starting from $600. The second greatest value Spencerville apartment is the 3 Bed, 1.5 Bath Townhome Model at Whispering Pines Apartments starting at $1,025 with a $0.84 price per square foot . 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.
The Annex of Lima3 Bed 3 Bath3BR,3BA$0.39
Whispering Pines Apartments3 Bed, 1.5 Bath Townhome3BR,1.5BA$0.84
2563 W Market StMarket St.2BR,1BA$1.00
43 Town Square2 Bedroom2BR,1BA$0.95
EAGLES POINT APARTMENTS3 Bedroom 1 Bathroom3BR,1BA$0.87
Partridge Place2 Bedroom Unit2BR,1.5BA$0.73
Wellington Place2 Bedroom Unit2BR,1.5BA$0.69
Brookstone Apartments2x12BR,1BA$1.10
Woodlynn ApartmentsWoodlynn Apartments2BR,1BA$0.92
Town Square Senior Apartments - 62+ or HUD1 Bedroom1BR,1BA$0.45

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.

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Real 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.

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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.

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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 66 Apartments for Rent in Spencerville, OH with pricing that ranges from $225 to $2,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencerville ranging from $600 to $2,250.

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 $600 to $2,250 with an average monthly rent of $1,159.

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

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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.

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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.

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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.

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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.