1310 N Maple St
BloomingtonIN47404
Cheap Homes for Rent in Spencer, IN from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Spencer.
1306 W 6th St
BloomingtonIN47404
115 W Temperance St
EllettsvilleIN47429
1436 W 6th St
BloomingtonIN47404
615 N Lincoln St
BloomingtonIN47408
510 S Village Ct
BloomingtonIN47403
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Spencer, IN Local Guide
Sunset over train tracks by A.Robillard is licensed under CC BY 2.0
How much does it cost to rent a home in Spencer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spencer 2 Bedroom Homes for Rent | $1,477 | $850 | $2,000 |
| Spencer 3 Bedroom Homes for Rent | $2,027 | $1,400 | $3,500 |
| Spencer 4 Bedroom Homes for Rent | $2,199 | $1,900 | $2,400 |
| Spencer 5 Bedroom Homes for Rent | $4,755 | $1,975 | $6,500 |
Browse Top Homes for Rent in Spencer
Explore Spencer
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. Union at Crescent in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $866. 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 |
| Union at Crescent | 1 Bed 1 Bath | 1BR,1BA | $866 |
| The Crossing at Pete Ellis | 1 Bedroom with Loft | 1BR,1BA | $875 |
Best Value Apartments for Rent in Spencer, IN and Nearby
As of April 24, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Forest Ridge | Sycamore With Office | 3BR,2BA | $1.29 |
| The League Bloomington | 10 North 2x2 XL | 2BR,2BA | $1.24 |
| Union at Crescent | 3 Bed 2 Bath | 3BR,2BA | $1.59 |
| Big Red Apartments | 3 Bed - Upper | 3BR,1BA | $1.67 |
| Woods at Latimer (1 bed/1 bath community) | Silvertree with Garage | 1BR,1BA | $1.81 |
| Summit Pointe | The Evergreen | 1BR,1BA | $1.25 |
| The Crossing at Pete Ellis | 1 Bedroom | 1BR,1BA | $1.25 |
| Fountain Park | The Poplar | 1BR,1BA | $1.68 |
| Basswood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.47 |
| College Square Apartments | The Walnut | 1BR,1BA | $1.80 |
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Frequently Asked Questions about Spencer
What type of rentals are currently available in Spencer?
There are currently 51 Apartments for Rent in Spencer, IN with pricing that ranges from $650 to $5,500. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spencer ranging from $850 to $6,500.
What is the current price range for Rental Homes in Spencer?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Spencer ranges from $850 to $6,500 with an average monthly rent of $2,276.
How much are larger Three and Four Bedroom Rentals in Spencer?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Spencer range from $910 to $4,050, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $825.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.
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.