Cheap Apartments for Rent in the Five Points Neighborhood of Fort Wayne, IN from $400 (77 Rentals)

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

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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property at 1823 Griswold Dr

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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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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439 E Wayne St
Studio to 1 Bedroom Apartments

439 E Wayne St

439 E Wayne StFort Wayne, IN 46802
Student Housing
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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
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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

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

729 Fulton St

729 Fulton StFort Wayne, IN 46802
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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

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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Rockhill Manor
1 Bedroom Apartments

Rockhill Manor

1010 Rockhill StFort Wayne, IN 46802
property at 1030 Lake Ave

1030 Lake Ave

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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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 1 Bed unit found at The Huntington priced from $665. Jackson Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here are the most affordable Five Points apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
The Huntington1 Bed, 1 bath1BR,1BA$665
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$785
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
Sheridan Court1BR/1.0BA1BR,1BA$835
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
West Wind ApartmentsStandard One Bedroom1BR,1BA$856
Graystone LandingCentre 1 bed/1bath1BR,1BA$900
Northcrest Garden Apartments2x1.5 Upgrade (upstairs & downstairs)2BR,1BA$1,149

Best Value Apartments for Rent in Five Points, IN

As of December 14, 2025 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 The Anderson Model at The Harrison starting at $1,500 with a $1.51 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
The HarrisonThe Anderson2BR,2BA$1.51
Centlivre The CharlesVesey 51BR,1BA$1.63
Northcrest Garden Apartments2x1.5 Upgrade (upstairs & downstairs)2BR,1.5BA$1.43
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$1.25
Sheridan Court1BR/1.0BA1BR,1BA$1.33
West Wind ApartmentsStandard One Bedroom1BR,1BA$1.50
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

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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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 #54

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!

Getting Around the Five Points Neighborhood in Fort Wayne, IN

Walk Score®

61 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

38 / 100

Some Transit

A few 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 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 $1,149.

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 $1,941.

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 5 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 $122 which is $1,819 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

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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! 

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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.