Apartments for Rent in Spencer, IA

Prices and availability in Spencer, IA were last updated on 12 Jul 2026.

The best apartments in Spencer, IA are: Spencer Manor Apartments, Southern Pointe Apartments, Sunset Apartments, Spencer School Apartments and 100 12 Th St SW, Unit 2.

The price range for a 3-bedroom apartment in Spencer, IA is between $790 and $925.

In Spencer 32% of the housing is rented out compared to 68% of homes are owned, according to the most recent Census Bureau estimates. 9% of Spencer's apartments are found in large buildings of 50 units or more, 70% are located in smaller apartment complexes with less than 50 units, and 20% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Spencer are about 0 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 0 stories. About none of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Spencer are around 0% of rentals, while 1-bedroom floor plans represent 0% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 0% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.