How much is a 2-bedroom apartment in Spencer, IN?
In Spencer, IN, the median gross rent for a two-bedroom home is $986 (±$211) a month (2020–2024 American Community Survey, table B25031).
A one-bedroom home rents for a median of $633 (±$100).
A three-bedroom home rents for a median of $1,306 (±$763).
HUD’s fiscal year 2027 Fair Market Rent for a two-bedroom home in the Owen County, IN HUD Metro FMR Area is $1,014.
Figures last updated on .
- 1 bedroom
- $633 (±$100)
- 2 bedrooms
- $986 (±$211)
- 3 bedrooms
- $1,306 (±$763)
Rent by bedroom count in Spencer
| Spencer | Owen County | Indiana | United States | |
|---|---|---|---|---|
| 1 bedroom | $633 (±$100) | $697 (±$339) | $886 (±$7) | $1,235 |
| 2 bedrooms | $986 (±$211) | $813 (±$101) | $1,076 (±$7) | $1,407 |
| 3 bedrooms | $1,306 (±$763) | $980 (±$121) | $1,220 (±$10) | $1,584 |
A median for a bedroom size is published only where enough renting households of that size were surveyed; a dash means the Census Bureau did not publish one.
Census rents against HUD’s Fair Market Rent, fiscal year 2027
| Census median, this place | HUD Fair Market Rent | |
|---|---|---|
| 1 bedroom | $633 (±$100) | $914 |
| 2 bedrooms | $986 (±$211) | $1,014 |
| 3 bedrooms | $1,306 (±$763) | $1,244 |
A Fair Market Rent is HUD’s estimate of the gross rent of a modest rental home across the whole HUD area, set for the voucher program; the Census median is what renting households in this place reported paying.
The two answer different questions and are not expected to match.
Median gross rent, 2 bedrooms in places near Spencer
| Place | Distance | Median gross rent, 2 bedrooms | Compared with this place |
|---|---|---|---|
| Spencer | — | $986 (±$211) | — |
| Washington Township (Owen County) | 1.5 mi | $944 (±$220) | Not measurably different |
| Clay Township (Owen County) | 5.6 mi | $441 (±$342) | Lower |
| Gosport | 7.2 mi | $874 (±$111) | Not measurably different |
| Wayne Township (Owen County) | 8.3 mi | $874 (±$111) | Not measurably different |
| Ellettsville | 8.8 mi | $1,059 (±$145) | Not measurably different |
| Richland Township (Monroe County) | 10 mi | $1,108 (±$77) | Not measurably different |
Nearby places with a measurably lower figure: Clay Township (Owen County), IN ($441).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent, 2 bedrooms across Owen County, place by place
| Rank | Place | Median gross rent, 2 bedrooms |
|---|---|---|
| 1 | Spencer | $986 (±$211) |
| 2 | Washington Township (Owen County) | $944 (±$220) |
| 3 (tie) | Gosport | $874 (±$111) |
| 3 (tie) | Wayne Township (Owen County) | $874 (±$111) |
| 5 | Clay Township (Owen County) | $441 (±$342) |
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
What you can do on Seayora in Spencer
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Spencer, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Spencer beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Spencer, and send estimates and invoices from your phone.
Questions about Spencer
How much is a one-bedroom apartment in Spencer?
The median gross rent for a one-bedroom home in Spencer, IN is $633 (±$100) a month (2020–2024 American Community Survey).
How much is a two-bedroom apartment in Spencer?
The median gross rent for a two-bedroom home in Spencer, IN is $986 (±$211) a month (2020–2024 American Community Survey).
How much does a three-bedroom rental cost in Spencer?
The median gross rent for a three-bedroom home in Spencer, IN is $1,306 (±$763) a month (2020–2024 American Community Survey).
Sources
- Median Gross Rent by Bedrooms (B25031), 2020–2024 ACS 5-year estimates — Spencer town, Indiana
- HUD Fair Market Rents, fiscal year 2027: Owen County, IN HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Owen County, IN HUD Metro FMR Area
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year detailed tables (acs/acs5) for Spencer town, Indiana (place:71972, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
B25031_002E, B25031_002M, B25031_003E, B25031_003M, B25031_004E, B25031_004M, B25031_005E, B25031_005M, B25031_006E, B25031_006M, B25031_007E, B25031_007M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Spencer at a glance
- Median rent in Spencer
- Rent burden in Spencer
- Renters and owners in Spencer
- Income and affordability in Spencer
- Home values in Spencer
- Homeowner costs in Spencer
- Property taxes in Spencer
- Types of homes in Spencer
- Bedrooms in Spencer
- Age of homes in Spencer
- Heating fuel in Spencer
- Commute and cars in Spencer
- Population growth in Spencer
- How long people stay in Spencer
- Indiana landlord and tenant rules
- Housing across Owen County
- Housing data for every place in Indiana