Spencer County renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Spencer County is about $883 per month. This puts it in the 57th percentile compared to the state average cost of rent, which is $1,043. Households in Spencer County have a median income of $5,124 per month so the average renter in Spencer County is spending roughly 17% of their earnings on housing.
Nationally, and in Spencer County, home values are the data point most closely correlated with the cost of rent. The median price of a home in Spencer County is $169,272 right now, which is lower than counties nearby, meaning that rents in Spencer County also tend to be lower versus these nearby counties.
Higher rent prices are common in the eastern parts of Spencer County while lower rent rates are often available in southeastern areas.
Nearby Counties
- Hancock County, KY: less expensive rent prices
- Warrick County, IN: more expensive rent prices
- Perry County, IN: less expensive rent prices
- Daviess County, KY: more expensive rent prices
- Dubois County, IN: less expensive rent prices
- Pike County, IN: less expensive rent prices
- Vanderburgh County, IN: more expensive rent prices
- Henderson County, KY: less expensive rent prices
- Breckinridge County, KY: less expensive rent prices
- Gibson County, IN: less expensive rent prices
Counties with Similar Populations
- Hubbard County, MN: less expensive rent prices
- Pacific County, WA: less expensive rent prices
- Cherokee County, KS: less expensive rent prices
- Fillmore County, MN: less expensive rent prices
- Bandera County, TX: more expensive rent prices
- Sevier County, UT: less expensive rent prices
- Colorado County, TX: less expensive rent prices
- Mitchell County, GA: less expensive rent prices
- Dakota County, NE: less expensive rent prices
- Bibb County, AL: more expensive rent prices
All Local Stats
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