Cheap Apartments for Rent in Fort Wayne, IN from $300 with Washer/Dryer (66 Rentals)

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Montrose Square
$600 - $1,547
Total Monthly Price

Total Monthly Price

Base Rent
$600 - $1,547
Total Monthly Price
$600 - $1,547
Studio to 2 Bedroom Apartments Contact Us For Availability

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
Affordability
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  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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 Elex
$1,002 - $3,066
Total Monthly Price

Total Monthly Price

Base Rent
$1,002 - $3,066
Total Monthly Price
$1,002 - $3,066
1 to 3 Bedroom Apartments Available Now

The Elex

877 Lavina StFort Wayne, IN 46802
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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

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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, IN
Population: 267,633

Ranked #77

in US Census Population by City

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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!

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

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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 $795.

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 $3,767.

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 2,423 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 $3,410 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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.