Cheap Apartments for Rent in the Downtown Fort Wayne Neighborhood of Fort Wayne, IN from $400 (69 Rentals)

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

property at 1006 Runnion Ave

1006 Runnion Ave

Fort WayneIN46808
property at 417 W 4th St

417 W 4th St

Fort WayneIN46808
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Downtown Fort Wayne, Fort Wayne, IN Local Guide

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 1 Bed unit found at Garrison Flats priced from $695. River Pointe Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Downtown Fort Wayne apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Garrison Flats1 Bedroom1BR,1BA$695
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$699
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
Stratford Place ApartmentsYour New Home Awaits — One Month FREE at Stratf...1BR,1BA$800
Sheridan Court1BR/1.0BA1BR,1BA$835
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
Graystone LandingCentre 1 bed/1bath1BR,1BA$900
The Elex - B1 Bedroom | 1 Bath1BR,1BA$1,211
The HarrisonThe Jefferson1BR,1BA$1,250

Best Value Apartments for Rent in Downtown Fort Wayne, IN

As of October 10, 2025 the best value apartment in the Downtown Fort Wayne area is the $1.19 price per square foot 1632 N Wells St Model at 1632 N Wells St, Unit Upper in the in the Southwest Fort Wayne neighborhood starting from $1,550. The second greatest value Downtown Fort Wayne apartment is the 1312 Park Ave Model at 1312 Park Ave, Unit #2 starting at $850 with a $0.77 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.
1632 N Wells St, Unit Upper1632 N Wells St2BR,2BA$1.19
1312 Park Ave, Unit #21312 Park Ave2BR,1BA$0.77
Centlivre The CharlesCooper 4 +2BR,2BA$1.55
Centlivre NickelplateCooper 42BR,2BA$1.55
Sheridan Court1BR/1.0BA1BR,1BA$1.27
Stratford Place ApartmentsYour New Home Awaits — One Month FREE at Stratf...1BR,1BA$1.29
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$1.18
The Riv on the Greenway!1BR/1.0BA1BR,1BA$1.55
The Huntington1 Bed, 1 bath1BR,1BA$1.28
Garrison Flats1 Bedroom1BR,1BA$1.42

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Pet Friendly Lifestyle
Downtown Fort Wayne, Fort Wayne, IN

Ranked #90

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Fort Wayne, Fort Wayne, IN

School data provided by Great Schools

Getting Around the Downtown Fort Wayne Neighborhood in Fort Wayne, IN

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

58 / 100

Good Transit

Many 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 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 $1,250.

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

The cheapest apartment in Downtown Fort Wayne is Garrison Flats which is listed at $695, while the average apartment in Downtown Fort Wayne costs $1,941.

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 1 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 $128 which is $1,813 cheaper than the average rent for all rentals in Downtown 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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.