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Spencer, NC Condos for Rent

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  • 409 1st St Unit 1, Spencer, NC 28159
    409 1st St Unit 1, Spencer, NC 28159
    409 1st St Unit 1, Spencer, NC 28159
    /13

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    409 1st St Unit 1, Spencer, NC 28159

    Welcome to 409 1st Street in Spencer, NC — a two-bedroom, one-bath duplex unit featuring a functional layout and essential appliances. The unit includes stainless steel refrigerator and stove for convenient meal preparation, plus ceiling fans to help maintain comfort. Located in Spencer, the unit offers a straightforward, practical living space for those seeking a well-equipped rental. Contact us

    409 1st St Unit 1, Spencer, NC 28159
  • 409 1st St Unit 1, Spencer, NC 28159
    409 1st St Unit 1, Spencer, NC 28159
    409 1st St Unit 1, Spencer, NC 28159
    /13

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    409 1st St Unit 1, Spencer, NC 28159

    Welcome to 409 1st Street in Spencer, NC — a two-bedroom, one-bath duplex unit featuring a functional layout and essential appliances. The unit includes stainless steel refrigerator and stove for convenient meal preparation, plus ceiling fans to help maintain comfort. Located in Spencer, the unit offers a straightforward, practical living space for those seeking a well-equipped rental. Contact us

    409 1st St Unit 1, Spencer, NC 28159
North Carolina Rowan County

Condos for Rent in Spencer, NC

Frequently Asked Questions

How much does it cost to rent a condo in Spencer, NC?
The median rent for a condo in Spencer, NC is $1,200 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Spencer, NC?
To comfortably afford the median rent in Spencer, NC, a household needs to earn roughly $58,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,472 per month in Spencer, NC, renters typically need to show $4,416 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Spencer, NC?
In Spencer, NC, the price-to-rent ratio is 12.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Spencer, NC

There are currently 2 condos available for rent in Spencer, NC. The median rent is $1,200 per month, with 2-bedroom condos at $1,200.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,200
Median 2 Bedroom Condo Rent
$1,200
How to Rent a Home

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