Cheap Apartments for Rent in the Five Points Neighborhood of Fort Wayne, IN from $400 (66 Rentals)

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

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Three Rivers Apartments
Rent Specials
$799 - $3,499
Total Monthly Price

Total Monthly Price

Base Rent
$676 - $3,376
Required Monthly Fees
$123

Total Monthly Price
$799 - $3,499
Studio to 4 Bedroom Apartments Available Now

Three Rivers Apartments

101 Three RiversFort Wayne, IN 46802
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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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The Riv on the Greenway!
Rent Specials
$845 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$845 - $995

Total Monthly Price
$845 - $995
1 to 2 Bedroom Apartments Available Now

The Riv on the Greenway!

1823 Griswold DrFort Wayne, IN 46805
Corporate Housing
  • Verified
  • 3D Tour
  • Smoke Free
property at 1823 Griswold Dr

$845 - $995

1 To 2 Bedroom Rentals

Available Now

1823 Griswold Dr

Fort WayneIN46805

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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St Joe Apartments
$995 - $1,995
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,945
Required Monthly Fees
$50

Total Monthly Price
$995 - $1,995
Studio to 2 Bedroom Apartments Available Now

St Joe Apartments

835 Van Buren StFort Wayne, IN 46802
Student Housing
  • Verified
  • 3D Tour
  • Smoke Free
property at 922 Pape Ave

$1,000 - $1,200

2 To 3 Bedroom Rentals

Available Now

922 Pape Ave

Fort WayneIN46808
property at 601 Prospect Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

601 Prospect Ave

Fort WayneIN46805
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439 E Wayne St
Studio to 1 Bedroom Apartments

439 E Wayne St

439 E Wayne StFort Wayne, IN 46802
Student Housing

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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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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Randall Lofts
1 to 2 Bedroom Apartments

Randall Lofts

616 S Harrison StFort Wayne, IN 46802
  • Utilities Included
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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
  • Utilities Included
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729 Fulton St
Studio to 1 Bedroom Apartments

729 Fulton St

729 Fulton StFort Wayne, IN 46802
  • Utilities Included
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Chase Manor Apartments
1 to 2 Bedroom Apartments

Chase Manor Apartments

641-649 Tennessee AveFort Wayne, IN 46805
  • Utilities Included
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Fulton Manor
Studio Apartments

Fulton Manor

922 Fulton StFort Wayne, IN 46802
  • Utilities Included

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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Rockhill Manor
1 Bedroom Apartments

Rockhill Manor

1010 Rockhill StFort Wayne, IN 46802
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Northcrest Apartments
2 Bedroom Apartments

Northcrest Apartments

4824 Northcrest DrFort Wayne, IN 46825
  • Utilities Included
property at 506 5th St

$875

2 Bedroom Rentals

Available Now

506 5th St

Fort WayneIN46808
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The Landing
Studio to 2 Bedroom Apartments

The Landing

118 W Columbia StFort Wayne, IN 46802
  • Utilities Included

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.

Five Points, Fort Wayne, IN Local Guide

Cheapest Available Five Points Apartments for Rent

 

The cheapest available apartment rental in the Five Points 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 Five Points 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
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$770
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
The Riv on the Greenway!1BR/1.0BA1BR,1BA$875
West Wind ApartmentsStandard One Bedroom1BR,1BA$923
Graystone LandingWest End 1 bed/1 bath1BR,1BA$950
St Joe Apartments0BR/1.0BAStudio,1BA$995

Best Value Apartments for Rent in Five Points, IN

As of February 28, 2026 the best value apartment in the Five Points 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 Five Points apartment is the 603 Huffman St Model at 603 Huffman St, Unit 603 Huffman starting at $1,050 with a $0.88 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Five Points 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
603 Huffman St, Unit 603 Huffman603 Huffman St2BR,1BA$0.88
Centlivre StocklandsAcadia 32BR,2BA$1.59
The HarrisonThe Anderson2BR,2BA$1.51
Northcrest Garden Apartments2x1.5 Upgrade (upstairs & downstairs)2BR,1.5BA$1.43
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$1.22
The Riv on the Greenway!1BR/1.0BA1BR,1BA$1.61
The Huntington1 Bed, 1 bath1BR,1BA$1.28
Jackson Manor ApartmentsOne Bedroom1BR,1BA$1.60
Fulton Manor0BR/1.0BAStudio ,1BA$1.59

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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Quick Rent Budget Calculator

How much rent can you afford?

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
Five Points, Fort Wayne, IN

Ranked #68

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

This website works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Indiana including Five Points, Fort Wayne, and the greater Fort Wayne area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, places to raise kids, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Five Points Apartments

What is a cheap apartment in Five Points?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Five Points is under $995.

What is the price of a cheap apartment in Five Points?

The cheapest apartment in Five Points is The Huntington which is listed at $665, while the average apartment in Five Points costs $2,199.

What types of apartments are the cheapest in Five Points?

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 45 regular apartments in Five Points 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 Five Points?

Cheap apartments in Five Points have an average cost of $295 which is $1,904 cheaper than the average rent for all rentals in Five Points.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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.

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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.