Cheap Apartments for Rent in Fort Wayne, IN from $300 (137 Rentals)

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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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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:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 12/07/2025

Current apartment rentals in the Fort Wayne, IN area range in price from $400 to $4,963 with an overall median price of $1,683. The three Fort Wayne neighborhoods with the lowest median rent pricing are Casselwood Terrace at $569, Crown Colony at $569, and Southwick Village at $569. 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
Casselwood Terrace$1,030$56940
Crown Colony$1,030$56937
Southwick Village$1,030$56937
Continential Park$1,099$56949
Eastland Gardens$1,099$56948
Harvester Community$1,099$63517
Southeast Fort Wayne$1,099$40039
Anthony Wayne$1,125$40049
South Calhoun Place$1,197$40090
Fairmont$1,237$40075

Cheapest Available Fort Wayne Apartments for Rent

 

The cheapest available apartment rental in Fort Wayne, IN is a Studio unit found at Emerald Square 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 VillasStudio Hickory MillStudio,1BA$569
Villa Capri ApartmentsPrato1BR,1BA$620
Waynedale Village ApartmentsStudioStudio,1BA$659
The Huntington1 Bed, 1 bath1BR,1BA$665
Fulton Manor0BR/1.0BAStudio,1BA$665
Poplar Ridge ApartmentsFlat ApartmentStudio,1BA$679
Shoaff Park VillasStudio, 1 bathStudio,1BA$695
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$699
The Elex - B1 Bedroom | 1 Bath1BR,1BA$704
Fountain Lake Apartment HomesRoselleStudio,1BA$735

Best Value Apartments for Rent in Fort Wayne, IN

As of December 08, 2025 the best value apartment in the Fort Wayne area is the $0.85 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,799. 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$0.85
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
CANTERBURY GREENQueen Elizabeth Townhome3BR,2.5BA$1.13
Woodhaven OaksSt. Joseph2BR,1.5BA$1.13
Fairview Court Apartments2 BR/1.5 BA2BR,1.5BA$0.95
South Bridge ApartmentsTwo Bedroom One & One-Half Bath Seville Stackab...2BR,1.5BA$1.07
St Joe Place2x22BR,2BA$0.76
Villa Capri ApartmentsPrato1BR,1BA$0.86
The Elex - B1 Bedroom | 1 Bath1BR,1BA$1.02

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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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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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 $735.

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 $1,683.

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 1,246 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 $302 which is $1,381 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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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.

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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.