Cheap Apartments for Rent in Fort Wayne, IN from $300 (146 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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Fort Wayne, IN Local Guide

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Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 01/22/2026

Current apartment rentals in the Fort Wayne, IN area range in price from $565 to $4,963 with an overall median price of $1,663. The three Fort Wayne neighborhoods with the lowest median rent pricing are Crown Colony at $620, Southwick Village at $620, and Casselwood Terrace at $620. 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$1,013$62035
Southwick Village$1,013$62035
Casselwood Terrace$1,079$62036
Harvester Community$1,099$63511
Southeast Fort Wayne$1,102$56528
Continential Park$1,152$62045
Anthony Wayne$1,179$56539
Fairmont$1,237$56591
Harrison Hill$1,237$56591
South Calhoun Place$1,237$56598

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 Huntington1 Bed, 1 bath1BR,1BA$665
Shoaff Park VillasStudio, 1 bathStudio,1BA$695
Woodhaven OaksMississinewa2BR,1BA$699
The ElexThe Rose1BR,1BA$704
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$725
Fountain Lake Apartment HomesRoselleStudio,1BA$735
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
The Meridian (Waterloo Gardens)Premium 1 BED | 1 BATH1BR,1BA$755

Best Value Apartments for Rent in Fort Wayne, IN

As of January 22, 2026 the best value apartment in the Fort Wayne area is the $0.78 price per square foot 701 runnion ave Model at 701 runnion ave, Unit 703 Runnion in the in the Southwest Fort Wayne neighborhood starting from $1,250. The second greatest value Fort Wayne apartment is the CLA 3BR/2.5BA Townhome 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.
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
4317 E State Blvd, Unit 43174317 E State Blvd2BR,1BA$0.83
Fairview Court Apartments2x1.5 Townhome Upgrade2BR,1.5BA$0.98
1312 Park Ave, Unit #21312 Park Ave2BR,1BA$0.76
Woodhaven OaksSt. Joseph2BR,1.5BA$0.90
9115 Fritz Rd, Unit 19115 Fritz Rd1BR,1BA$1.00
Emerald Square Villas2x1 Reno2BR,1BA$0.91
St Joe Place2x22BR,2BA$0.76
Villa Capri ApartmentsPrato1BR,1BA$0.86

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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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 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 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 $755.

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 $1,663.

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 1,064 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 $357 which is $1,306 cheaper than the average rent for all rentals in Fort Wayne.

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

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.