Cheap Apartments for Rent in Spencerville, IN from $500 (13 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

close
View Me
Montrose Square
Studio to 2 Bedroom Apartments

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
  • Utilities Included

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.

Spencerville, IN Local Guide

Cheapest Available Spencerville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Spencerville, IN is a 3 Beds unit found at Yugo Fort Wayne Arch in the Northeast Fort Wayne neighborhood priced from $549. Shoaff Park Villas in the Northeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here is today’s list of the most affordable Spencerville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Yugo Fort Wayne Arch3 Bed, 3 Bath Plus3BR,3BA$549
Shoaff Park VillasStudio, 1 bathStudio,1BA$645
Wood Creek ApartmentsThe Willow1BR,1BA$699
Fountain Lake Apartment Homes0BR/1.0BAStudio,1BA$700
Blackhawk ApartmentsChestnut1BR,1BA$874

Best Value Apartments for Rent in Spencerville, IN and Nearby

As of May 14, 2025 the best value apartment in the Spencerville area is the $0.85 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,799. The second greatest value Spencerville apartment is the Townhomes Model at Evard Place - Solar Powered starting at $2,000 with a $1.05 price per square foot in the Northeast Fort Wayne neighborhood. 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.
Morada at Maysville2 Bed 2 Bath2BR,2BA$0.85
Evard Place - Solar PoweredTownhomes3BR,2.5BA$1.05
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$1.13
Copper Creek VillasCopper Creek Townhome3BR,2.5BA$1.23
CANTERBURY GREENMarlowe3BR,2BA$1.03
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.02
Reserve at Dawson's CreekThe Primrose - Premium2BR,2BA$1.29
Yugo Fort Wayne Arch2 Bed, 2 Bath Plus2BR,2BA$0.66
Windsor OaksThe Cedar1BR,1BA$1.26
Wood Creek ApartmentsThe Willow1BR,1BA$1.17

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Spencerville, IN

Ranked #192

Among cities in Indiana for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Spencerville, IN Rentals by Map

View MapSpencerville, IN Apartments MapView MapSpencerville, IN Rental Homes Map

Frequently Asked Questions about Cheap Spencerville Apartments

What is the Cheapest Studio apartment in Spencerville?

Currently the most affordable Cheap Studio Apartment in Spencerville is at Shoaff Park Villas listed at $645.

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

The lowest price for a Cheap One Bedroom Spencerville Apartment is $749 at Wood Creek Apartments.

What is the lowest price for a Cheap Two Bedroom Spencerville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Spencerville is starting from $619 at Yugo Fort Wayne Arch.

What is the most affordable Spencerville Three Bedroom Apartment?

The best deal on a cheap Spencerville Three Bedroom Apartment rental is at Yugo Fort Wayne Arch and starts from $549.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.