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Highlights

  • Pet Friendly
  • Modern living
  • Contemporary finishes
  • Convenient location
  • 3d tours

Location

410 8th St Se, Spencer, IA 51301, USA
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Property Overview

The Banks offers modern living with contemporary finishes, strong amenities, and 3D tours, earning an overall expert rating of 8 out of 10. With excellent scores for price and location, it delivers strong value and convenient access to daily needs and highly rated schools, supported by a detailed and transparent property description.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, The Banks is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Banks has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • High school nearby
  • Middle school nearby

Floor plans

1 Bedroom Apartment1 bed1 bath
The Banks - 2 Bedroom Apartment2 bed1 bath

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Amenities for The Banks

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1
Building details

Property details

Units30
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About The Banks

Home The Banks

The Banks is a new multifamily community bringing 30 modern apartment homes to the City of Spencer, opening in October 2026. Offering thoughtfully designed one- and two-bedroom apartments, The Banks combines contemporary finishes, functional layouts, and a convenient location to provide comfortable, modern living in one of Spencer’s most desirable areas. Pets considered with additional pet fee & pet rent. Eligible for $0 security deposit. Rent rates and availability are subject to change. Images, 3D tours, and renderings of units may be similar to available units and do not necessarily represent the specific units available. For more information, contact Real Property Management Express. Professionally leased and managed by Real Property Management Express.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, The Banks is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Banks has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated The Banks
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Banks offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, The Banks is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Banks is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While The Banks does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The Banks provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How The Banks compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 1 mile away
Middle school nearby
There is a middle school 2 miles away

Considerations

Lacks images
Fewer than 10 photos available for this location
No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers
Oven not listed
In-unit oven not included in listing

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Rent trends in Spencer

Median rents as of Mar 14 2026.
Spencer
A table of 1-bedroom apartment rental data trends in Spencer
MonthMedian Rent
February 2025$750
March 2025$750
April 2025$855
May 2025$855
November 2025$683
December 2025$691
March 2026$882

Schools near The Banks

Lincoln Elementary School

615 4th ave sw

spencer, IA, 51301

3-5Public
B-

Johnson Elementary School

724 west 9th st

spencer, IA, 51301

PK, KPublic
B

Fairview Park Elementary School

1508 5th ave east

spencer, IA, 51301

1-2Public
B-
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Internet available near The Banks

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Spencer near 410 8th St Se

Walking

4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

6/10
More spots are within biking distance and some roads are cyclist-friendly.

Points of interest for 410 8th St Se, Spencer

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

4/10
Some restaurants within walking distance

Primary schools

5/10
At least one elementary school within a 20-minute walk

High schools

1/10
Closest high school further than a 30-minute walk

Nightlife

2/10
Few or no bars within walking distance

Explore the area around 410 8th St Se

Many Hands Market
1019 S Grand Ave
Walmart Supercenter
500 11th St SW
Fareway
104 E 8th St
Hy-Vee
819 Grand Ave

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