Rent in Spencer, IN
A 2-bedroom in Spencer, IN (ZIP 47460) typically rents for about $791 a month, with a range of $791–$1,014. Owner-occupied homes in Owen County pay about 0.66% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $818 | $818 | 1 |
| 1 bed | $633 | $633–$914 | 1 |
| 2 beds | $791 | $791–$1,014 | 1 |
| 3 beds | $1,083 | $1,083–$1,244 | 1 |
| 4 beds | $1,023 | $1,023–$1,606 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Spencer ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Spencer, IN?
- About $791 a month: the median of the typical rents in 1 ZIP code, which range from $791–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Spencer, IN?
- About $633 a month: the median of the typical rents in 1 ZIP code, which range from $633–$914. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Spencer, IN?
- About $1,083 a month: the median of the typical rents in 1 ZIP code, which range from $1,083–$1,244. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Spencer, IN?
- About $818 a month: the median of the typical rents in 1 ZIP code, which range from $818. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Spencer, IN?
- About $1,023 a month: the median of the typical rents in 1 ZIP code, which range from $1,023–$1,606. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Spencer, IN?
- Owner-occupied homes in Owen County pay a typical 0.66% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Spencer rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).