Backgrounds and Objectives: The spacer block technique in unicompartmental knee arthroplasty (UKA) has still a concern related to the precise position of the component in the coronal and sagittal planes compared to intramedullary guide technique. The purposes of this study were to explore whether the spacer block technique would improve the radiological alignment of implants and clinical outcomes compared with the outcomes of the intramedullary guide technique in fixed-bearing medial UKA. Materials and Methods: In total, 115 patients who underwent unilateral, fixed-bearing medial UKA were retrospectively reviewed and divided into group IM (intramedullary guides; n = 39) and group SB (spacer blocks; n = 76). Clinical assessment included range-of-motion and patient-reported outcomes. Radiological assessment included the mechanical femorotibial angle, coronal and sagittal alignments of the femoral and tibial components, and coronal femorotibial congruence angle. Results: All clinical outcomes showed no significant differences between groups. The coronal femoral component angle was valgus 2.4° ± 4.9° in IM group and varus 1.1° ± 3.2° (p < 0.001). In group IM, the number of outlier in coronal femoral component angle (<−10° or 10°<) was 3 cases, while in group SB, there was no outlier (p = 0.014). The coronal femorotibial congruence angle was significantly less in group SB (mean 1.9°, range, −3.2°~8.2°) than in group IM (mean 3.4°, range, −9.6°~16.5°) (p = 0.028). Conclusions: In the group SB, the coronal alignment of femoral component was closer to neutral, and outlier was less frequent than in the group IM. The spacer block technique was more beneficial in achieving proper coronal alignment of the femoral component and congruence of femorotibial components compared to the intramedullary guide technique in fixed-bearing medial UKAs.