Cheap Apartments for Rent in the Colonial Park Neighborhood of Fort Wayne, IN from $400 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Colonial Park area of Fort Wayne.

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Tara Cooperative, Inc.
1 to 4 Bedroom Apartments

Tara Cooperative, Inc.

350 E Essex LnFort Wayne, IN 46825
  • Utilities Included
  • Smoke Free

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Showing Results 1-11, Page 1 of 1

Colonial Park, Fort Wayne, IN Local Guide

Cheapest Available Colonial Park Apartments for Rent

 

The cheapest available apartment rental in the Colonial Park area of Fort Wayne, IN is a Studio unit found at Shoaff Park Villas priced from $695. Fountain Lake Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $735. Here are the most affordable Colonial Park apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Shoaff Park VillasStudio, 1 bathStudio,1BA$695
Fountain Lake Apartment HomesRoselleStudio,1BA$735
Graystone ApartmentsGraystone Apartments 1bed studio1BR,1BA$790
Stratford Place ApartmentsYour New Home Awaits — One Month FREE at Stratf...1BR,1BA$800
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$810

Best Value Apartments for Rent in Colonial Park, IN

As of January 08, 2026 the best value apartment in the Colonial Park area is the $1.50 price per square foot Summerwood Model at Redwood Fort Wayne Wallen Road in the in the Northwest Fort Wayne neighborhood starting from $2,433. The second greatest value Colonial Park apartment is the Hawthorne Model at Emerald Pointe (55+ Senior Community) starting at $1,225 with a $1.16 price per square foot in the Northwest Fort Wayne neighborhood. Here is today’s list of the best values for Colonial Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Redwood Fort Wayne Wallen RoadSummerwood2BR,2BA$1.50
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1.5BA$1.16
The Grand at Shoaff ParkB2P2BR,2BA$1.34
Woodbridge ApartmentsAsh1BR,1BA$1.39
St Joe Place2x22BR,2BA$0.80
Northcrest Garden Apartments2x1.5 Upgrade (upstairs & downstairs)2BR,1.5BA$1.43
Wood Creek ApartmentsThe Dogwood1BR,1BA$1.33
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$1.29
Stratford Place ApartmentsYour New Home Awaits — One Month FREE at Stratf...1BR,1BA$1.29
Brentwood Park ApartmentsDiego1BR,1BA$1.48

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 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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Pet Friendly Lifestyle
Colonial Park, Fort Wayne, IN

Ranked #33

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Colonial Park Apartments

What is a cheap apartment in Colonial Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Colonial Park is under $950.

What is the price of a cheap apartment in Colonial Park?

The cheapest apartment in Colonial Park is Graystone Apartments which is listed at $790, while the average apartment in Colonial Park costs $1,480.

What types of apartments are the cheapest in Colonial Park?

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 11 regular apartments in Colonial Park 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 Colonial Park?

Cheap apartments in Colonial Park have an average cost of $600 which is $880 cheaper than the average rent for all rentals in Colonial Park.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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!