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Viewing 1-2 of 2 rentals in Spencer
What to Know About
Life in Spencer & Beyond
Spencer shares many of the great qualities that make Iowa a desirable place to live.
Iowa is known as the "Hawkeye State" and America's heartland. This beautiful state is famous for its rolling hills, fertile farmland, and vibrant cities. Immerse yourself in Iowa's rich history by visiting the Herbert Hoover Presidential Library and Museum, Amana Colonies, or developing your skills at the University of Iowa and Iowa State University. Iowa also has a vibrant cultural scene, with dozens of professional theaters, art galleries, and museums spread throughout the state.
Iowa is a haven for outdoor enthusiasts, offering a variety of activities such as hiking the scenic Loess Hills, camping and fishing in its state parks and lakes, and winter sports like skiing and snowboarding. Explore famous attractions like the State Capitol Building, the Des Moines Art Center, and the historic town of Cedar Rapids. With its friendly communities, affordable living, and thriving economy, Iowa offers a high quality of life and a strong sense of community, making it an ideal place for those looking for a fulfilling lifestyle.
Discover why Iowa is a place that is sure to steal your heart and capture your imagination. Experience the best of what the Midwest offers, and you'll see why it's such a great place to live.
Rental Market Trends
Spencer, IA
As of August 2025, Spencer's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Spencer's average rent is 12.1% ($133) higher than the Iowa average of $1,103 and 30.9% ($554) lower than the U.S. average of $1,790.
Average Rent
$1,236
Monthly ChangeMonth Over Month Change
2.9% ($35)
Yearly ChangeYear Over Year Change
11.8% ($130)
Avg. Days on MarketAverage Days on Market
38
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,020 | 9.7% ($90) | 2.5% ($25) |
| 2 Beds | $1,230 | 1% ($13) | 4.5% ($53) |
| 3 Beds | $1,422 | 0.1% ($1) | 0.5% ($7) |
| Nearby Cities | Average Rent | Avg. Rent vs. SpencerAverage Rent vs. Spencer | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Milford | $764 | 38.2% ($472) | 33 days |
| Spirit Lake | $1,161 | 6.1% ($75) | 35 days |
| Estherville | $1,041 | 15.8% ($195) | 35 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Spencer Rental Market FAQs
Explore rental prices, market trends, and availability in Spencer, IA.
The average rent in Spencer, IA is $1,236 per month.
Apartments in Spencer typically rent for between $714 and $1,849 per month, with an average of $1,236 per month.
In Spencer, the average rent for a 1-bedroom apartment is $1,020 per month, for a 2-bedroom apartment, $1,230 per month, and a 3-bedroom apartment is $1,422 per month.
The average rent in Spencer is 30.9% ($554) lower than the national average of $1,790 per month.
The average rent in Spencer has increased by 2.9% ($35) in the last month and increased by 11.8% ($130) over the past year.
The rental market in Spencer, IA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Spencer, IA, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 3 rental properties available in Spencer, IA.
Based on the current averages, a household would need an annual income of $49,200 to comfortably afford a 2-bedroom apartment in Spencer.
