Apartments in Spencer
Apartments near Spencer, OK
How many apartments are available in Spencer, OK on Rentable.co?
Rentable.co has over 51 apartments available in Spencer.
Rentable.co has over 51 apartments available in Spencer.
Welcome to the April 2024 Spencer Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Spencer rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Spencer and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Spencer average rent prices in the chart below.
Spencer rent prices decreased over the last month. From March to April, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Spencer one-bedroom apartments currently stands at $605.0.
When we take a look at the two-bedroom comparison from March to April, Spencer experienced a 4.18% increase for the price of a two-bedroom apartment. The rent price for a Spencer two-bedroom apartments currently stands at $1,047.0.
Rent prices have decreased in Spencer over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Spencer suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Spencer suburbs
Rents did not decrease in any of the Spencer suburbs.
Rent growth in Spencer over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Spencer average rent prices appear to be relatively affordable for local residents.
The price for a Spencer one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Spencer and surrounding area rent prices, take a look at the complete data set below.
1 BR April | 1 BR M/M % Change | 2 BR April | 2 BR M/M % Change |
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Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.