
Cheap Apartments for Rent in Spencer, IN from $600 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Spencer.


Woodington Management Properties

KINGSTON RIDGE APARTMENTS

Vivo Living

The Annex of Bloomington

Union at Crescent

Forest Ridge

7 Ten

The Crossing at Pete Ellis

Cedargate

Acadia Court

Walnut Springs

Meadow Park

Adams Village

Fountain Park

Echo Park

Hidden Hills at Oakdale

5221 Raubs Ln

1306 W 6th St

1402 S Curry Pike

115 W Temperance St
Spencer, IN Local Guide

How much does it cost to rent an apartment in Spencer?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Spencer Studio Apartments | $1,313 | $699 | $1,550 |
Spencer 1 Bedroom Apartments | $1,451 | $650 | $2,040 |
Spencer 2 Bedroom Apartments | $1,498 | $859 | $2,628 |
Spencer 3 Bedroom Apartments | $1,873 | $950 | $2,999 |
Spencer 4 Bedroom Apartments | $1,202 | $875 | $2,500 |
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Spencer, IN Local Guide
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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. Woodington Management Properties in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Spencer apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Vivo Living | Vivo Living - Studios - AVAILABLE NOW Reduced r... | Studio,1BA | $699 |
Woodington Management Properties | Old Towne | Studio,1BA | $800 |
Union at Crescent | 1 Bed 1 Bath | 1BR,1BA | $866 |
The Crossing at Pete Ellis | 1 Bedroom with Loft | 1BR,1BA | $875 |
Cedargate | One Bed One Bath | 1BR,1BA | $899 |
Best Value Apartments for Rent in Spencer, IN and Nearby
As of March 13, 2025 the best value apartment in the Spencer area is the $1.35 price per square foot 3 Bed 2 Bath Model at Union at Crescent in the in the Downtown Bloomington IN neighborhood starting from $1,448. The second greatest value Spencer apartment is the The Sanders on the Boardwalk Model at Adams Village starting at $1,690 with a $1.58 price per square foot . Here is today’s list of the best values for Spencer apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Union at Crescent | 3 Bed 2 Bath | 3BR,2BA | $1.35 |
Adams Village | The Sanders on the Boardwalk | 2BR,2BA | $1.58 |
Wick Lifestyle Apartments | Small Ranch | 3BR,2BA | $1.81 |
Park on Morton | 2x2 Corner | 2BR,2BA | $1.19 |
Big Red Apartments | 3 Bedroom 2 Bath Upper | 3BR,2BA | $1.81 |
Forest Ridge | Chestnut | 2BR,2BA | $1.43 |
The League Bloomington | 2x2 | 2BR,2BA | $1.37 |
Woods at Latimer (1 bed/1 bath community) | Silvertree with Garage | 1BR,1BA | $1.81 |
The Crossing at Pete Ellis | 1 Bedroom | 1BR,1BA | $1.25 |
College Square Apartments | The Walnut | 1BR,1BA | $1.80 |
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Best Local Schools in Spencer, IN
Owen Valley Community High School
School data provided by Great Schools
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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 $866 at Union at Crescent.
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 $950 at The Crossing at Pete Ellis.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
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.