Cheap Apartments for Rent in the Downtown Fort Wayne Neighborhood of Fort Wayne, IN from $400 (70 Rentals)

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

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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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property at 1823 Griswold Dr

$845 - $995

1 To 2 Bedroom Rentals

Available Now

1823 Griswold Dr

Fort WayneIN46805

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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property at 1829 Broadway

$900 - $1,150

1 To 3 Bedroom Rentals

Available Now

1829 Broadway

Fort WayneIN46802

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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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Cheapest Available Downtown Fort Wayne Apartments for Rent

 

The cheapest available apartment rental in the Downtown Fort Wayne area of Fort Wayne, IN is a Studio unit found at Fulton Manor priced from $635. The Huntington has the second lowest priced unit, which is a 1 Bed apartment currently listed from $665. Here are the most affordable Downtown Fort Wayne apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Fulton Manor0BR/1.0BAStudio,1BA$635
The Huntington1 Bed, 1 bath1BR,1BA$665
The ElexThe Rose1BR,1BA$704
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
Sheridan Court1BR/1.0BA1BR,1BA$835
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
CityScape FlatsHamilton - StudioStudio,1BA$1,149

Best Value Apartments for Rent in Downtown Fort Wayne, IN

As of January 22, 2026 the best value apartment in the Downtown 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 Downtown Fort Wayne apartment is the 1312 Park Ave Model at 1312 Park Ave, Unit #2 starting at $830 with a $0.76 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Downtown 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
1312 Park Ave, Unit #21312 Park Ave2BR,1BA$0.76
The HarrisonThe Anderson2BR,2BA$1.51
Centlivre The CharlesVesey 51BR,1BA$1.63
Centlivre NickelplateVesey 31BR,1BA$1.68
Sheridan Court1BR/1.0BA1BR,1BA$1.16
The Riv on the Greenway!1BR/1.0BA1BR,1BA$1.55
The Huntington1 Bed, 1 bath1BR,1BA$1.28
Jackson Manor ApartmentsOne Bedroom1BR,1BA$1.60
Fulton Manor0BR/1.0BAStudio ,1BA$1.59

Frequently Asked Questions about Cheap Downtown Fort Wayne Apartments

What is a cheap apartment in Downtown Fort Wayne?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Fort Wayne is under $1,149.

What is the price of a cheap apartment in Downtown Fort Wayne?

The cheapest apartment in Downtown Fort Wayne is The Huntington which is listed at $665, while the average apartment in Downtown Fort Wayne costs $1,849.

What types of apartments are the cheapest in Downtown 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 regular apartments in Downtown 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 Downtown Fort Wayne?

Cheap apartments in Downtown Fort Wayne have an average cost of $135 which is $1,714 cheaper than the average rent for all rentals in Downtown 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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.