Spencer, IN rental market
Last updated August 10, 2025
Rental market summary
The average rent for all bedrooms and all property types in Spencer, IN is $1,400.
$1,400
$0
+$500
2
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,400 to $1,450.
| Rent price | Number of rental properties |
|---|---|
| $1,300 | 1 |
| $1,400+ | 2 |
Average rent price over time
In the last year, rent has increased by $500 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $515 | $925 |
| Feb | $1,100 | $900 |
| Mar | $750 | $900 |
| Apr | $800 | $1,500 |
| May | $875 | $850 |
| Jun | $800 | $1,400 |
| Jul | $1,100 | $1,400 |
| Aug | $900 | No data |
| Sep | $900 | No data |
| Oct | $900 | No data |
| Nov | $1,650 | No data |
Market temperature
The Spencer, IN rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Spencer, IN is 33% lower than the national average.
$1,400
$2,100
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Frequently asked questions
1. What is the average rent in Spencer, IN?
The average rent in Spencer, IN is $1,400.
2. How much does it cost to rent a house in Spencer, IN?
Houses in Spencer, IN rent between $1,400 - $1,450 with an average rent of $1,400.
3. How has the rent in Spencer, IN changed in the last year?
In the last year, the rent in Spencer, IN increased by $500
4. How much has the rent in Spencer, IN increased/decreased in the last month?
In the last month, the rent in Spencer, IN did not change.
5. How many available rentals are there in Spencer, IN?
There are currently 2 rentals available in Spencer, IN.
6. How do rent prices in Spencer, IN compare with the national average?
The average rent in Spencer, IN is $1,400 — 33.33% lower the national average of $2,100.