Windcrest Village Apartments & Townhomes
1001 9th St SW,
Spencer, IA 51301
Studio - 4 Beds | $830 - $1,685
Rental Market Trends in Spencer, IA
What is the average rent in Spencer, IA?
$734/month
Average Rent
599 Sq Ft
Average Apartment Size
+14.9%
Increase in the Last Year
As of December 2024, the average rent in Spencer, IA is $734 per month. This is 53% lower than the national average rent of $1,560/month, making renting in Spencer more affordable than most cities in the US. When you rent an apartment in Spencer, you can expect to pay about $725 per month for a studio, $734 for a one-bedroom apartment, and around $852 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,585 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Spencer, IA?
In the past year, rent has increased by 14.9%, which averages out to $110 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Spencer, IA
Last Updated December 2024
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
60%
Below $700/month
20%
$700 - $1,000/month
20%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Spencer, IA?
Because the average rent in Spencer is $734, you’ll want to make about $2,446 per month or $29,352 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Spencer, IA compare to other nearby cities and neighborhoods?
Use the tool below to compare Spencer, IA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.