What's the average rent in Spencer, IA?
Rental Market Trends in Spencer, IA
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Spencer, IA is $925 per month, which is 52% lower than the national average rent of $1,910 per month.
AVERAGE RENT
$925
68.2%$375 increase month-over-month
3.4%$30 increase year-over-year
AVAILABLE RENTALS
4
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $550 |
| 2 Bedrooms | — |
| 3 Bedrooms | $925 |
| 4 Bedrooms | $1,000 |
| All | $925 |
As of May 2026, the average rent for a 1 bedroom rental in Spencer, IA is $550 per month, followed by $925 for a 3 bedroom rental, and $1,000 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $550 |
| 2 Bedrooms | — |
| 3 Bedrooms | $925 |
| 4 Bedrooms | — |
| All | $925 |
As of May 2026, the average rent for a 1 bedroom apartment in Spencer, IA is $550 per month, followed by $925 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $550 |
| 2 Bedrooms | — |
| 3 Bedrooms | — |
| 4 Bedrooms | $1,000 |
| All | $1,000 |
As of May 2026, the average rent for a 1 bedroom house in Spencer, IA is $550 per month, followed by $1,000 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +3% compared to the previous year, which is a +$30 increase.
This year (2026)
Last year (2025)
Rent distribution
67% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $550 to $950.
