Cheap Apartments for Rent in Fort Wayne, IN from $300 (148 Rentals)

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Search the lowest-cost Apartments available for rent right now in Fort Wayne.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 1006 Runnion Ave

1006 Runnion Ave

Fort WayneIN46808

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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Fort Wayne, IN Local Guide

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Written By:
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Local Guide Expert

Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 10/23/2025

Current apartment rentals in the Fort Wayne, IN area range in price from $500 to $4,863 with an overall median price of $1,686. The three Fort Wayne neighborhoods with the lowest median rent pricing are South Calhoun Place at $500, Fairmont at $500, and Harrison Hill at $625. 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
South Calhoun Place$1,224$50079
Fairmont$1,300$50063
Harrison Hill$1,300$62563
Foster Park$1,319$50082
Illsley Place$1,338$500107
West Rudisill$1,338$50066
Westwood Fairway$1,338$67586
Oakdale$1,358$50090
Georgetown Place$1,360$61029
Bellshire$1,382$61042

Cheapest Available Fort Wayne Apartments for Rent

 

The cheapest available apartment rental in Fort Wayne, IN is a Studio unit found at Emerald Square Apartments & Villas in the Southeast Fort Wayne neighborhood priced from $569. Villa Capri Apartments in the Continential Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $620. Here is today’s list of the most affordable Fort Wayne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Emerald Square Apartments & VillasStudio Hickory MillStudio,1BA$569
Villa Capri ApartmentsPrato1BR,1BA$620
Shoaff Park VillasStudio, 1 bathStudio,1BA$645
Waynedale Village ApartmentsStudioStudio,1BA$659
The Huntington1 Bed, 1 bath1BR,1BA$665
Poplar Ridge ApartmentsFlat ApartmentStudio,1BA$679
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$699
Fountain Lake Apartment Homes0BR/1.0BAStudio,1BA$705
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742

Best Value Apartments for Rent in Fort Wayne, IN

As of October 23, 2025 the best value apartment in the Fort Wayne area is the $0.90 price per square foot CLA 3BR/2.5BA Townhome W/Patio Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,399. The second greatest value Fort Wayne apartment is the 7819 Model at 7819 Stellhorn Rd starting at $1,450 with a $1.12 price per square foot in the Northeast 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.
Coventry Court TownhomesCLA 3BR/2.5BA Townhome W/Patio3BR,2.5BA$0.90
7819 Stellhorn Rd78192BR,2BA$1.12
Woodhaven OaksMaumee3BR,1.5BA$1.08
1312 Park Ave, Unit #21312 Park Ave2BR,1BA$0.77
The Summit at Ridgewood Apartment and TownhomesTwo Bedroom 1.5 Bath Townhome 1,005 sqft2BR,1.5BA$1.08
Fairview Court Apartments2 BR/1.5 BA2BR,1.5BA$0.95
Port O'Call ApartmentsVilla2BR,1.5BA$1.04
St Joe Place2x22BR,2BA$0.80
Villa Capri ApartmentsPrato1BR,1BA$0.86
623 W Washington Blvd, Unit Downtown Studio 500623 W Washington BlvdStudio ,1BA$1.00

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

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.

Fort Wayne, IN
Population: 267,633

Ranked #77

in US Census Population by City

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Pet Friendly Lifestyle
Fort Wayne, IN

Ranked #4

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Fort Wayne, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Fort Wayne, IN Rentals by Map

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See the most popular apartments and homes in Fort Wayne, IN

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Getting Around Fort Wayne, IN

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

26 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Fort Wayne Apartments

What is a cheap apartment in Fort Wayne?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fort Wayne is under $742.

What is the price of a cheap apartment in Fort Wayne?

The cheapest apartment in Fort Wayne is Villa Capri Apartments which is listed at $620, while the average apartment in Fort Wayne costs $1,686.

What types of apartments are the cheapest in Fort Wayne?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 697 regular apartments in Fort Wayne that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Fort Wayne?

Cheap apartments in Fort Wayne have an average cost of $405 which is $1,281 cheaper than the average rent for all rentals in Fort Wayne.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.