Cheap Apartments for Rent in the Five Points Neighborhood of Fort Wayne, IN from $400 (64 Rentals)

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

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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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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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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439 E Wayne St
Studio to 1 Bedroom Apartments

439 E Wayne St

439 E Wayne StFort Wayne, IN 46802
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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

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.

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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
2 Bedroom Apartments

Chase Manor Apartments

641-649 Tennessee AveFort Wayne, IN 46805
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Randall Lofts
2 Bedroom Apartments

Randall Lofts

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

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
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Showing Results 1-50, Page 1 of 2

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 $715. 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$715
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$745
Rockhill Manor1 Bed, 1 bath1BR,1BA$795
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
West Wind ApartmentsStandard One Bedroom1BR,1BA$819
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
Graystone LandingCentre 1 bed/1bath1BR,1BA$875
Northcrest GardensOne Bedroom1BR,1BA$975
CityScape FlatsThe HamiltonStudio,1BA$1,150

Best Value Apartments for Rent in Five Points, IN

As of June 15, 2025 the best value apartment in the Five Points area is the $1.00 price per square foot 1118 Columbia Ave, Unit #2 (upstairs apartment) Model at 1118 Columbia Ave, Unit #2 (upstairs apartment), Unit Apartment 2 in the in the West Central Fort Wayne neighborhood starting from $1,200. The second greatest value Five Points apartment is the Wayne Model at Superior Lofts starting at $1,650 with a $1.44 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.
1118 Columbia Ave, Unit #2 (upstairs apartment), Unit Apartment 21118 Columbia Ave, Unit #2 (upstairs apartment)2BR,1BA$1.00
Superior LoftsWayne2BR,2BA$1.44
Centlivre NickelplateCooper 52BR,2BA$1.53
Northcrest GardensOne Bedroom1BR,1.5BA$1.44
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$1.18
West Wind ApartmentsStandard One Bedroom1BR,1BA$1.44
The Riv on the Greenway!1BR/1.0BA1BR,1BA$1.55
The Huntington1 Bed, 1 bath1BR,1BA$1.28
Rockhill Manor1 Bed, 1 bath1BR,1BA$1.59
Jackson Manor ApartmentsOne Bedroom1BR,1BA$1.57

Quick Rent Budget Calculator

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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
Five Points, Fort Wayne, IN

Ranked #42

Among neighborhoods in Fort Wayne, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
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 the Cheapest Studio apartment in Five Points?

Currently the most affordable Cheap Studio Apartment in Five Points is at Three Rivers Apartments listed at $799.

How much is rent for a Cheap One Bedroom Five Points Apartment?

The lowest price for a Cheap One Bedroom Five Points Apartment is $665 at The Huntington.

What is the lowest price for a Cheap Two Bedroom Five Points Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Five Points is starting from $755 at The Huntington.

What is the most affordable Five Points Three Bedroom Apartment?

The best deal on a cheap Five Points Three Bedroom Apartment rental is at The Summit at Ridgewood Apartment and Townhomes and starts from $1,305.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.