108 Mechanic St
108 Mechanic St,
Spencer, MA 01562
2 Beds | $1,700
Rental Market Trends in Spencer, MA
What is the average rent in Spencer, MA?
$670/month
Average Rent
0 Sq Ft
Average Apartment Size
+1.3%
Increase in the Last Year
As of December 2024, the average rent in Spencer, MA is $670 per month. This is 57% 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 per month for a studio, $670 for a one-bedroom apartment, and around $1,323 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $873 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, MA?
In the past year, rent has increased by 1.3%, which averages out to $9 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, MA
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
100%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Spencer, MA?
Because the average rent in Spencer is $670, you’ll want to make about $2,233 per month or $26,796 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.
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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.