Cheap Apartments for Rent in Spencer, IA

1 rentals

  • 100 12th St SW #3, Spencer, IA 51301
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    PET FRIENDLY
    INCOME RESTRICTED
    $925/mo
    3 Beds
    1.5 Baths
    889 sqft
    100 12th St SW #3,
    Spencer, IA 51301

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    Spencer
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Apartments For Rent Near Spencer, IA

We found 29 more apartments matching your filters just outside Spencer

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 Jul 2026 compared to the previous month. Rent previously peaked in Dec 2025.
MonthAverage rent
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
Jun 2026$895
Jul 2026$925
View as a graph

Average Rent By Bedroom and Home Type

In July 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types—$825$925—$825
Townhomes—$895——$895
Apartments and Condos—$825$925—$825
See more information about local market trends in Spencer, IA

Frequently Asked Questions about Rentals in Spencer, IA

  • What is the average rent of an apartment in Spencer, IA?
    The average rent of an apartment in Spencer, IA is $825 per month. This is about 58% lower than the national average.
  • When is the average rent cheapest in Spencer, IA?
    In the last year, the average rent in Spencer, IA was lowest in Nov 2025 when it was $750 per month.
  • When is the average rent most expensive in Spencer, IA?
    In the last year, the average rent in Spencer, IA was highest in Dec 2025 when it was $900 per month.
  • How many available rental listings are in Spencer, IA?
    There are 2 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.
View this page in Spanish: Apartamentos baratos en renta en Spencer, IA - 30 Rentas | Trulia