Rent in Spencerville, IN
A 2-bedroom in Spencerville, IN (ZIP 46788) typically rents for about $1,290 a month, with a range of $1,248–$1,290. Owner-occupied homes in Allen County pay about 0.79% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,030 | $1,025–$1,030 | 1 |
| 1 bed | $1,050 | $1,026–$1,050 | 1 |
| 2 beds | $1,290 | $1,248–$1,290 | 1 |
| 3 beds | $1,639 | $1,590–$1,687 | 1 |
| 4 beds | $1,730 | $1,679–$1,730 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Spencerville ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Spencerville, IN?
- About $1,290 a month: the median of the typical rents in 1 ZIP code, which range from $1,248–$1,290. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Spencerville, IN?
- About $1,050 a month: the median of the typical rents in 1 ZIP code, which range from $1,026–$1,050. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Spencerville, IN?
- About $1,639 a month: the median of the typical rents in 1 ZIP code, which range from $1,590–$1,687. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Spencerville, IN?
- About $1,030 a month: the median of the typical rents in 1 ZIP code, which range from $1,025–$1,030. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Spencerville, IN?
- About $1,730 a month: the median of the typical rents in 1 ZIP code, which range from $1,679–$1,730. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Spencerville, IN?
- Owner-occupied homes in Allen County pay a typical 0.79% 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 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Spencerville rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).