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Newest Homes for Rent in Spencer, OK

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    $1,495 Per Month

    • 3 Beds
    • 2 Baths
    • 1,182 Sq Ft
    • House for Rent

    8741 Hillridge Dr, Oklahoma City, OK 73141

    Charming 3-Bedroom Home for Rent in Oklahoma City Modern Updates & Timeless StyleIf youre searching for homes for rent in Oklahoma City, 8741 Hillridge Drive offers the perfect blend of 1980s character and sleek, modern updates. This beautifully maintained single-family home features 3 bedrooms, 2 bathrooms, and a 2-car garage, making it an excellent choice for those looking for a

    8741 Hillridge Dr, Oklahoma City, OK 73141
  • /6

    $850 Per Month

    • 3 Beds
    • 1 Bath
    • House for Rent

    4803 Able St, Spencer, OK 73084

    4803 Able St. Spencer, OK 73084SFH 3 Bedroom 1 BathroomLot Area 0.48 acresSquare Feet 1,161 This Make Ready Home is a great opportunity to own your home today! This 3 bed 1 bath home is available through our lease to purchase option. This home is going to need a few minor cosmetic repairs and updated paint. This home has a great half acre (0.48) in Spencer.

    Scott Henderson Judah Real Estate

    4803 Able St, Spencer, OK 73084

Frequently Asked Questions

How much does it cost to rent a home in Spencer, OK?
The median rent for a home in Spencer, OK is $850 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Spencer, OK?
To comfortably afford the median rent in Spencer, OK, a household needs to earn roughly $34,000 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 $850 per month in Spencer, OK, renters typically need to show $2,550 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, OK?
In Spencer, OK, the price-to-rent ratio is 13.5, 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.
What neighborhoods in Spencer, OK are best for renting a home?
The best neighborhood for renting in Spencer, OK depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Creston Hills, Southwest Edmond, Culbertson East Highland, Medical Community and Frolich Meadows Estates, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$850
Median Single Family Home Rent
$1,378
How to Rent a Home