Apartments For Rent in Spencer, IA

3 rentals

Apartments For Rent Near Spencer, IA

We found 16 more apartments matching your filters just outside Spencer

What Locals Say about Spencer

  • Kx4css4r2x
    "I lived in this neighborhood for 4 years and couldn’t be happier about the environment, plenty of parks to walk to in the mornings with the YMCA in walking distance. Would recommend to anyone looking for a well put together community that’s quiet. I even still own my home in the area because it’s just that great. "
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  • April J.
    "Flagfest, Slugfest and Greatest Clay County Fair it is a wonderful place to live... town is beautiful 😍 "
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  • April J.
    "great neighborhood... two annoying dogs bark all the time to the east of me. 2 doors down to my west our neighbors lose their dog all the time and constantly telling their child to get out of the road. 🤦‍♀️🤦‍♀️ other than that its GREAT! 😉"
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Average Rent Trends in Spencer, IA

Rent in Spencer, IA varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Dec 2025.
MonthAverage rent
Jun 2025$895
Jul 2025$895
Aug 2025$800
Sep 2025$800
Oct 2025$825
Nov 2025$750
Dec 2025$900
Jan 2026$900
Feb 2026$895
Mar 2026$900
Apr 2026$450
May 2026$925
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Houses were the most affordable home type to rent compared with Apartments and Condos.
1 bed2 beds3 beds4 bedsAll
All home types$550—$925$1,000$925
Apartments and Condos$550—$925—$925
Houses$550——$1,000$550
See more information about local market trends in Spencer, IA

Frequently Asked Questions about Rentals in Spencer, IA

  • What is the average rent in Spencer, IA?
    The average rent in Spencer, IA is $925. Rent prices range from $550 to as much as $1,000, depending on the type of rental.
  • How does the rent in Spencer, IA compare to the national average?
    Average rent in Spencer, IA is about 52% lower than the national average rent of $1,910. That means it is less expensive to rent in Spencer compared to the U.S. average.
  • What is the average rent in Spencer, IA, by number of bedrooms?
    The average rent in Spencer, IA is $ for a studio, $550 for a 1 bedroom, $ for a 2 bedroom, $925 for a 3 bedroom, and $1,000 for a 4 bedroom.
  • How have rent prices in Spencer, IA changed compared to last year?
    In the past year, the average rent price in Spencer, IA has increased by $30. That means the average rent is 3% higher than last year.
  • How many available rental listings are in Spencer, IA?
    There are 4 available rental listings in Spencer, IA.
  • What are some zip codes in Spencer, IA?
    Spencer, IA includes zip codes such as: 51301.
  • What are some cities near Spencer, IA?
    Some nearby cities include: Fostoria, Dickens, Royal, Greenville, Everly. These cities may have more rental options to explore.