Cheap Apartments for Rent in Spencer, IN from $600 (26 Rentals)

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

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Spencer, IN Local Guide

Cheapest Available Spencer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencer, IN is a Studio unit found at Vivo Living in the Downtown Bloomington IN neighborhood priced from $699. Sunflower II in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $790. Here is today’s list of the most affordable Spencer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vivo LivingVivo Living - Studios - AVAILABLE NOW Reduced r...Studio,1BA$699
Sunflower II1 Bed, 1 bath1BR,1BA$790
Union at Crescent1 Bed 1 Bath1BR,1BA$866
The Crossing at Pete Ellis1 Bedroom with Loft1BR,1BA$875
Woodland Springs2 Bedroom2BR,1BA$890
CedargateOne Bed One Bath1BR,1BA$899
Summit PointeWoodland1BR,1BA$900
College Square ApartmentsThe Walnut1BR,1BA$915
Acadia CourtStudioStudio,1BA$925
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$945

Best Value Apartments for Rent in Spencer, IN and Nearby

As of April 15, 2025 the best value apartment in the Spencer area is the $1.29 price per square foot Sycamore With Office Model at Forest Ridge in the starting from $1,799. The second greatest value Spencer apartment is the 10 North 2x2 XL Model at The League Bloomington starting at $1,400 with a $1.24 price per square foot in the Downtown Bloomington IN neighborhood. 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.
Forest RidgeSycamore With Office3BR,2BA$1.29
The League Bloomington10 North 2x2 XL2BR,2BA$1.24
Union at Crescent3 Bed 2 Bath3BR,2BA$1.59
Big Red Apartments3 Bed - Upper3BR,1BA$1.67
Woodland Springs2 Bedroom2BR,1BA$1.06
Summit PointeThe Evergreen1BR,1BA$1.25
Fountain ParkThe Spruce2BR,1BA$1.66
The Crossing at Pete Ellis1 Bedroom1BR,1BA$1.25
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.47
Sunflower II1 Bed, 1 bath1BR,1BA$1.46

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Spencer, IN

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Getting Around Spencer, IN

Walk Score®

19 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

21 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Spencer Apartments

What is the Cheapest Studio apartment in Spencer?

Currently the most affordable Cheap Studio Apartment in Spencer is at Vivo Living listed at $699.

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

The lowest price for a Cheap One Bedroom Spencer Apartment is $790 at Sunflower II.

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 $890 at Woodland Springs.

What is the most affordable Spencer Three Bedroom Apartment?

The best deal on a cheap Spencer Three Bedroom Apartment rental is at Aspen Bloomington and starts from $1,029.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

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If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.