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Updated 1 hour ago

The Banks Apartments


410 8th St SE Spencer, IA

1 - 2 Bed
•
1 - 2 Bath

688 - 976 Sq. Ft.

Available starting Oct. 1st
Floor plans
1 Bed • 1 Bath
$1,050 - $1,095
688 ft2
15 Available
Managed By: Talon Property Management, LLC
Unit 310
$1,050
Available Oct 1st, 2026
View
Unit 203
$1,095
Available Oct 1st, 2026
View
Unit 309
$1,095
Available Oct 1st, 2026
View
Unit 308
$1,095
Available Oct 1st, 2026
View
Unit 304
$1,095
Available Oct 1st, 2026
View
Unit 303
$1,095
Available Oct 1st, 2026
View
Unit 210
$1,095
Available Oct 1st, 2026
View
Unit 209
$1,095
Available Oct 1st, 2026
View
Unit 208
$1,095
Available Oct 1st, 2026
View
Unit 204
$1,095
Available Oct 1st, 2026
View
Unit 110
$1,095
Available Oct 1st, 2026
View
Unit 109
$1,095
Available Oct 1st, 2026
View
Unit 108
$1,095
Available Oct 1st, 2026
View
Unit 104
$1,095
Available Oct 1st, 2026
View
Unit 103
$1,095
Available Oct 1st, 2026
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2 Beds • 1 Bath
$1,300
907 ft2
3 Available
Managed By: Talon Property Management, LLC
Unit 301
$1,300
Available Oct 1st, 2026
View
Unit 201
$1,300
Available Oct 1st, 2026
View
Unit 101
$1,300
Available Oct 1st, 2026
View
2 Beds • 1 Bath
$1,325
970 ft2
6 Available
Managed By: Talon Property Management, LLC
Unit 307
$1,325
Available Oct 1st, 2026
View
Unit 205
$1,325
Available Oct 1st, 2026
View
Unit 207
$1,325
Available Oct 1st, 2026
View
Unit 305
$1,325
Available Oct 1st, 2026
View
Unit 107
$1,325
Available Oct 1st, 2026
View
Unit 105
$1,325
Available Oct 1st, 2026
View
2 Beds • 1 Bath
$1,330
976 ft2
3 Available
Managed By: Talon Property Management, LLC
Unit 206
$1,330
Available Oct 1st, 2026
View
Unit 306
$1,330
Available Oct 1st, 2026
View
Unit 106
$1,330
Available Oct 1st, 2026
View
2 Beds • 2 Bath
$1,380
976 ft2
3 Available
Managed By: Talon Property Management, LLC
Unit 202
$1,380
Available Oct 1st, 2026
View
Unit 302
$1,380
Available Oct 1st, 2026
View
Unit 102
$1,380
Available Oct 1st, 2026
View
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Where you'll live
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The Banks Apartments
The Banks Apartments
The Banks Apartments
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Lease & Fees
Security Deposit: $0
Property details
Description

Welcome to The Banks Apartments, a brand-new apartment community NOW LEASING in Spencer, IA. Designed with modern living in mind, The Banks offers spacious, stylish apartments with thoughtfully designed interiors and convenient features to make you feel right at home.
At The Banks, residents can enjoy comfortable living in a welcoming community with amenities designed for everyday convenience and connection. Whether you're relaxing at home or enjoying the community spaces, The Banks offers a fresh, modern place to call home in Spencer.
Ready to make The Banks your new home? Schedule a tour today!
Pets allowed with additional pet fee & pet rent.
*Rent rates and availability are subject to change. Images, 3D tours, and renderings of units may be similar to available units and do not necessarily represent the specific units available.
Professionally leased and managed by Talon Property Management, LLC.
This area is served by the Spencer Community School District.

Additional Details
Total Unit Count: 30
Last Updated: Updated 1 hour ago
Contact Number: (712) 262-7034
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Renters Also Viewed
$940 - $1,255
Windcrest Village Apartments & Townhomes
801 9th St SW Spencer, IA
1 - 2 BR | Aug. 21, 2026
0.5 miles away
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for The Banks Apartments by bedroom type below.
1 Bedroom
Suggested income:
$39,300
per year
2 Bedroom
Suggested income:
$48,000
per year
Rent report

The Banks Apartments Rent vs. Spencer Average

 The Banks Apartments      Spencer Average
1BR
$1,092
$999
$0
$400
$800
$1,200
$1,600
2BR
$1,332
$1,038
$0
$450
$900
$1,350
$1,800

The Banks Apartments is asking 28% more than the average 2 bedroom apartment in Spencer.

If you upsized to an average priced Spencer 3 bedroom apartment, you would pay 11% more per month.

If you downsized to an average priced Spencer 1 bedroom apartment, you would pay 4% less per month.

The Banks Apartments provides 22% more square footage than the average Spencer 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Banks Apartments
1BR $1,092 $1.60 $3,276
2BR $1,332 $1.40 $3,996
Spencer Average
Studio $815 $1.60 $2,445
1BR $999 $1.60 $2,997
2BR $1,038 $1.30 $3,113
3BR $1,164 $1.20 $3,491
4BR $1,585 $1.30 $4,755

Availability in Spencer

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 5 1BR units on the market in Spencer. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
20% 33% 13% 27% 7%
Available Units in Spencer
Studio 3
1BR 5
2BR 2
3BR 4
4BR 1
FAQs
Is this property currently leasing units?
Yes. There are 30 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 30 units available for move-in over the next 2 months. The soonest move-in date is October 01, 2026.
What's the square footage of the available units?
The available units range from 688 to 976 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,050 to $1,380. The Banks Apartments has 2 bedroom units available starting at $1,300 and 1 bedroom units available starting at $1,050.
Where is this property located?
This property is at 410 8th St SE in Spencer, IA. It's 0.7 miles south from the center of Spencer.
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