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Apartments for Rent in Spencer, IA under $700

Apartments for Rent in Spencer, IA under $700. 17 Rentals Available
17 Rentals Available
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  • 11 units available
    Ask for Pricing
    Income restricted
    Verified Listing

    118 E 21St St, Spencer, IA 51301
    Apply online • Pet friendly • Dishwasher
  • Ask for pricing
    Income restricted
    Verified Listing

    104 E 4Th St, Spencer, IA 51301
    Fitness center • Dishwasher • Air conditioner

  • More Rentals Near Spencer, IA

  • Only 3 units left
    2 bd $595
    3 bd $685
    Base rent Income restricted
    Verified Listing

    210 N 8Th St., Hartley, IA 51346
    Apply online • Parking • In unit laundry
  • Ask for pricing
    Income restricted
    Verified Listing

    403/405 Q Ave, Milford, IA 51351
    In unit laundry
  • Ask for pricing
    Income restricted
    Verified Listing

    4.0 (1)
    1703 Hill Ave, Spirit Lake, IA 51360
    Dishwasher • Air conditioner • Washer/Dryer
2-3-city

Frequently asked questions

When were prices and availability in Spencer, IA last updated?

Prices and availability in Spencer, IA were last updated on 22 Jun 2026.

What are the best apartments in Spencer, IA?
What type of rental buildings are in Spencer, IA?

In Spencer, 32% of the residents are renting compared to 68% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 9% of Spencer's rentals, 70% are small-scale complexes with under 50 units, and 20% are single-family rentals.

Renting apartments in Spencer, IA under $700

Searching for apartments for rent in Spencer, IA under $700 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Spencer, IA, where the average rent is $640 per month, there are 17 units available for less than $700. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $700” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Spencer, IA. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Spencer, IA going for $595 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.