Cheap Apartments for Rent in Fort Wayne, IN from $300 (144 Rentals)

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

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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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Fort Wayne, IN Local Guide

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Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 07/24/2025

Current apartment rentals in the Fort Wayne, IN area range in price from $514 to $4,863 with an overall median price of $1,702. The three Fort Wayne neighborhoods with the lowest median rent pricing are Crown Colony at $514, Southwick Village at $514, and Casselwood Terrace at $514. 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
Crown Colony$995$51434
Southwick Village$995$51434
Casselwood Terrace$1,007$51437
Continential Park$1,030$51446
Anthony Wayne$1,199$54948
Harvester Community$1,199$55028
Southeast Fort Wayne$1,199$54939
Blackhawk$1,256$60053
Cambridge Oaks$1,256$61048
South Calhoun Place$1,289$54966

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 $514. Emerald Square Apartments & Villas in the Southeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $549. Here is today’s list of the most affordable Fort Wayne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$514
Emerald Square Apartments & VillasStudio Hickory MillStudio,1BA$549
Shoaff Park VillasStudio, 1 bathStudio,1BA$645
Waynedale Village ApartmentsStudioStudio,1BA$659
Poplar Ridge ApartmentsFlat ApartmentStudio,1BA$669
The Meridian (Waterloo Gardens)Premium 1 BED | 1 BATH1BR,1BA$680
Fulton Manor0BR/1.0BAStudio,1BA$695
Garrison Flats1 Bedroom1BR,1BA$695
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$699
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$725

Best Value Apartments for Rent in Fort Wayne, IN

As of July 24, 2025 the best value apartment in the Fort Wayne area is the $1.02 price per square foot The Camellia - Premium Model at Reserve at Dawson's Creek in the in the Northwest Fort Wayne neighborhood starting from $1,683. The second greatest value Fort Wayne apartment is the CLA 3BR/2.5BA TH W/Patio Model at Coventry Court Townhomes starting at $1,399 with a $0.90 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.
Reserve at Dawson's CreekThe Camellia - Premium2BR,2BA$1.02
Coventry Court TownhomesCLA 3BR/2.5BA TH W/Patio3BR,2.5BA$0.90
The Village at Wayne Trace Homes2 Bedroom | Renovated2BR,2BA$1.15
7819 Stellhorn Rd78192BR,2BA$1.12
Port O'Call ApartmentsManor3BR,2.5BA$0.98
1118 Columbia Ave, Unit #2 (upstairs apartment), Unit Apartment 21118 Columbia Ave, Unit #2 (upstairs apartment)2BR,1BA$1.00
Fairview CourtTwo Bedroom2BR,1.5BA$0.95
St Joe Place2x22BR,2BA$0.80
Villa Capri ApartmentsPrato1BR,1BA$0.71
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$1.14

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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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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 $725.

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 $514, while the average apartment in Fort Wayne costs $1,702.

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 870 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 $371 which is $1,331 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.