Newest Homes for Rent in Spencer, NC

/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
/18
$1,495 Per Month
- 3 Beds
- 2 Baths
- House for Rent
608 S Yadkin Ave, Spencer, NC 28159

Be the first to tour this 3 Bed, 2 Bath, single-story home located in the Historic District of Spencer, NC. It is just waiting for you to call it home! Enjoy evenings relaxing on your rocking-chair covered front porch! This home features a spacious living room and a large eat-in kitchen. The kitchen is adorned with a black appliance package, quartz countertops, cabinets and an island offering a

Terrence Grogan Pure Operating LLC

608 S Yadkin Ave, Spencer, NC 28159
/18
$1,600 Per Month
- 3 Beds
- 2.5 Baths
- 1,305 Sq Ft
- Apartment for Rent
212 N Yadkin Ave Unit A, Spencer, NC 28159

Welcome to this beautiful New Construction Duplex with 1 unit for rent is located in Spencer NC, Less than 10 minutes away from downtown Salisbury! This unit offers 3 bedrooms and 2.5 bathrooms with a thoughtfully designed layout that blends comfort, convenience, and modern living. The main level features an open-concept living room, dining area, and kitchen creating a bright and inviting space

Rodrayius McClure Keller Williams Select

212 N Yadkin Ave Unit A, Spencer, NC 28159

North Carolina Rowan County

Frequently Asked Questions

How much does it cost to rent a home in Spencer, NC?

The median rent for a home in Spencer, NC is $1,495 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses 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 $59,800 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 $1,495 per month in Spencer, NC, renters typically need to show $4,485 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 12.5, 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.

Rental Trends in Spencer, NC

There are currently 3 homes available for rent in Spencer, NC. The median rent is $1,495 per month, with single-family homes renting at $1,600, townhouses at $1,600 and condos at $1,200.

Rental Home Trends

Number of Homes for Rent 3	Median Rent $1,495
Median Single Family Home Rent $1,600	Median Townhouse Rent $1,600
Median Condo Rent $1,200

How to Rent a Home

Rentals in Spencer

Homes for Rent by Bedrooms in Spencer

Rentals by Price in Spencer

Spencer Rentals under $1,500

More About Living in Spencer

Homes for Rent in Nearby Cities

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