Cheap Apartments for Rent in Fort Wayne, IN from $300 (118 Rentals)

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5014 old maysville road
$575
Total Monthly Price

Total Monthly Price

Base Rent
$575
Total Monthly Price
$575
1 Bedroom Apartment Available Now

5014 old maysville road

5014 old maysville roadFort Wayne, IN 46815
Affordability

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property at 1823 Griswold Dr

$845 - $995

1 To 2 Bedroom Rentals

Available Now

1823 Griswold Dr

Fort WayneIN46805

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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908 Columbia Ave, Unit 1
$900
Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900
1 Bedroom Apartment Available Now

908 Columbia Ave, Unit 1

908 Columbia AveFort Wayne, IN 46805
Affordability
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Fort Wayne, IN Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 03/09/2026

Current apartment rentals in the Fort Wayne, IN area range in price from $650 to $45,000 with an overall median price of $1,670. The three Fort Wayne neighborhoods with the lowest median rent pricing are Lincolnshire at $895, Hillcrest at $1,000, and Breconshire at $1,100. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Fort Wayne Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lincolnshire$895$8951
Hillcrest$1,000$1,0001
Breconshire$1,100$1,1001
Southwick Village$1,100$1,1001
Bellshire$1,195$1,1952
Countrybrook$1,195$1,1952
Lake Forest Extended$1,195$1,1952
New Glenwood$1,199$1,1991
Woodmark$1,199$1,1991
Greater McMillen Park$1,200$7992

Cheapest Available Fort Wayne Apartments for Rent

 

The cheapest available apartment rental in Fort Wayne, IN is a 1 Bed unit found at Villa Capri Apartments in the Continential Park neighborhood priced from $620. Fulton Manor in the Southwest Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $635. Here is today’s list of the most affordable Fort Wayne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$620
Fulton Manor0BR/1.0BAStudio,1BA$635
The Meridian (Waterloo Gardens)Standard 1 BED | 1 BATH - SM Flat1BR,1BA$650
The Huntington1 Bed, 1 bath1BR,1BA$665
Graystone ApartmentsStudioStudio,1BA$700
Woodhaven OaksSalamoniee2BR,1BA$729
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$755
Waynedale Village ApartmentsOne Bed1BR,1BA$759

Best Value Apartments for Rent in Fort Wayne, IN

As of March 09, 2026 the best value apartment in the Fort Wayne area is the $0.75 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,599. The second greatest value Fort Wayne apartment is the 701 runnion ave Model at 701 runnion ave, Unit 703 Runnion starting at $1,250 with a $0.78 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Fort Wayne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Morada at Maysville2 Bed 2 Bath2BR,2BA$0.75
701 runnion ave, Unit 703 Runnion701 runnion ave3BR,1.5BA$0.78
Coventry Court TownhomesCLA 3BR/2.5BA Townhome W/Patio3BR,2.5BA$0.90
603 Huffman St, Unit 603 Huffman603 Huffman St2BR,1BA$0.88
2202 Brooklyn Ave, Unit Apt C2202 Brooklyn Ave2BR,1BA$0.87
Black Bear Creek ApartmentsThe Kodiak2BR,1BA$1.12
St Joe Place2x22BR,2BA$0.86
Woodhaven OaksThe Fort1BR,1BA$0.98
Villa Capri ApartmentsPrato1BR,1BA$0.86
5014 old maysville road5014 old maysville road1BR,1BA$0.96

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Fort Wayne Overview

As the second largest city in Indiana, Fort Wayne is widely known for its Hoosier hospitality and high quality of living. Recognized as an All-American City and a Most Livable City, the low cost of living is a definite draw. Fort Wayne apartments options abound in diversity. Choose from apartments in historic buildings and landmarks to recently restored homes, or choose from a variety of chic and modern living options or traditional apartment living. The area is known for spacious rentals with an array of amenities for prices well below what you would expect. Whether you are searching for a pet-friendly community with a dog park or a community rich with activity and resort-style amenities, Ft. Wayne offers the best in apartment living to fit any lifestyle or stage of life.

Why live in Fort Wayne, IN?

Ft. Wayne is a great place to live for many reasons, including below average cost of living when it comes to housing, groceries and transportation. Top employers include Lincoln Financial, General Motors, Parkview Health System, and Lutheran Health Network. Residents enjoy one of the lowest state income tax rates in the country.

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Frequently Asked Questions about Cheap Fort Wayne Apartments

What is the Cheapest Studio apartment in Fort Wayne?

Currently the most affordable Cheap Studio Apartment in Fort Wayne is at Fulton Manor listed at $635.

How much is rent for a Cheap One Bedroom Fort Wayne Apartment?

The lowest price for a Cheap One Bedroom Fort Wayne Apartment is $620 at Villa Capri Apartments.

What is the lowest price for a Cheap Two Bedroom Fort Wayne Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fort Wayne is starting from $725 at The Huntington.

What is the most affordable Fort Wayne Three Bedroom Apartment?

The best deal on a cheap Fort Wayne Three Bedroom Apartment rental is at The Huntington and starts from $845.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.