Apartments For Rent in Spencer, IN

4 rentals

Apartments For Rent Near Spencer, IN

We found 30 more apartments matching your filters just outside Spencer

What Locals Say about Spencer

  • Jenny R.
    "I have lived here for 16 years. It’s a quiet, safe area to call home. More in the country and that is why there is it much trick-or-treating in my area."
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  • Emily G.
    "We love the Pride festivities! The best parade in the area! Really a sight to see. Beautiful country side, as well. "
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  • Jenniferdyson69
    "I haven't lived here long looking to find a place for my family near by. so far spencer is a nice place and I would love my blended family to start a life here. "
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  • Dawn O.
    "I find this area to be peaceful where I can be left alone as I wish yet the community is friendly. I always see a familar face when I go somewhere. Its a small quaint town, exactly what I wanted to raise my children in. My 13 yo son is thriving in the Middle School and the Elementary has amazing programs for my 3 yo son with special needs. Although I live in the country, surrounded by trees, nature, birds,deer and racoon, I can be in town and the stores, restaurants within a 5 minute drive. My son has even ridden his bike."
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  • Eldar U.
    "Only 25 minutes from Bloomington and other larger towsn, but enjoy country living with spectacular views of McCormick's Creek Park."
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  • Milton M.
    "We are retired and have been here eight years. Summers are wonderful,fall is beautiful,winters are mild. The terrain is very hilly with good roads. This part of owen county is just like brown county which is fameous for it's beauty."
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Average Rent Trends in Spencer, IN

Rent in Spencer, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jun 2026 compared to the previous month. Rent previously peaked in Oct 2025.
MonthAverage rent
May 2025$1,500
Jun 2025$850
Jul 2025$1,400
Aug 2025$1,400
Sep 2025$1,375
Oct 2025$1,650
Nov 2025$1,375
Dec 2025$1,350
Jan 2026$1,650
Mar 2026$875
Apr 2026$875
Jun 2026$950
View as a graph

Average Rent By Bedroom and Home Type

In June 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$750$950$1,400—$950
Apartments and Condos$750$950——$950
Houses——$1,400—$1,400
See more information about local market trends in Spencer, IN

Frequently Asked Questions about Rentals in Spencer, IN

  • What is the average rent of an apartment in Spencer, IN?
    The average rent of an apartment in Spencer, IN is $950 per month. This is about 51% lower than the national average.
  • What is the average rent of a house in Spencer, IN?
    The average rent of a house in Spencer, IN is $1,400 per month. This is about 28% lower than the national average.
  • When is the average rent cheapest in Spencer, IN?
    In the last year, the average rent in Spencer, IN was lowest in Jun 2025 when it was $850 per month.
  • When is the average rent most expensive in Spencer, IN?
    In the last year, the average rent in Spencer, IN was highest in Oct 2025 when it was $1,650 per month.
  • How many available rental listings are in Spencer, IN?
    There are 2 available rental listings in Spencer, IN.
  • What are some zip codes in Spencer, IN?
    Spencer, IN includes zip codes such as: 47460, 47431.
  • What are some cities near Spencer, IN?
    Some nearby cities include: Stinesville, Freedom, Ellettsville, Gosport, Poland. These cities may have more rental options to explore.