Apartments for Rent in Spencer, IA

Prices and availability in Spencer, IA were last updated on 29 May 2026.

The best apartments in Spencer, IA are: Spencer Manor Apartments, Southern Pointe Apartments, Sunset Apartments, Spencer School Apartments and 1302 Grand Plaza Dr, Unit 2.

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 average age of rental buildings in Spencer is 0 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 0 stories, of which none are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Spencer come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 0% of the total apartments in the city, while 2-bedroom floorplans represent around 0% of all rentals in Spencer. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.