Cheap Apartments for Rent in the Five Points Neighborhood of Fort Wayne, IN from $400 (57 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 1823 Griswold Dr

$875 - $995

1 To 2 Bedroom Rentals

Available Now

1823 Griswold Dr

Fort WayneIN46805

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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Skyline Tower
$1,300 - $2,621
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,621
Total Monthly Price
$1,300 - $2,621
Studio to 3 Bedroom Apartments Available Now

Skyline Tower

855 Webster StFort Wayne, IN 46802
Pet Friendly
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  • 3D Tour

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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property at 426 Elmer Ave

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available Now

426 Elmer Ave

Fort WayneIN46808
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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
  • 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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530 W Berry St
Studio to 1 Bedroom Apartments

530 W Berry St

530 W Berry 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

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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Rockhill Manor
1 Bedroom Apartments

Rockhill Manor

1010 Rockhill StFort Wayne, IN 46802
property at 1240 Boone St

$825

1 Bedroom Rentals

Available Now

1240 Boone St

Fort WayneIN46808
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Northcrest Apartments
2 Bedroom Apartments

Northcrest Apartments

4824 Northcrest DrFort Wayne, IN 46825
  • Utilities Included
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The Landing
Studio to 2 Bedroom Apartments

The Landing

118 W Columbia StFort Wayne, IN 46802
  • Utilities Included
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Ridgebrook Hills
2 to 4 Bedroom Apartments

Ridgebrook Hills

2737 W Washington Center RdFort Wayne, IN 46818

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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. Fulton Manor - 922 Fulton (Flats) has the second lowest priced unit, which is a Studio apartment currently listed from $665. 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
Fulton Manor - 922 Fulton (Flats)0BR/1.0BAStudio,1BA$665
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$790
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
Three Rivers Apartmentss01b Rodeo DriveStudio,1BA$899
Graystone Landing1 bedroom/1 bathroom1BR,1BA$900
St Joseph Apartments0BR/1.0BAStudio,1BA$1,075
CityScape FlatsChapman 1 Bedroom 1 Bath1BR,1BA$1,272

Best Value Apartments for Rent in Five Points, IN

As of July 15, 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 1632 N Wells St Model at 1632 N Wells St, Unit Upper starting at $1,750 with a $1.35 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
1632 N Wells St, Unit Upper1632 N Wells St2BR,2BA$1.35
CentlivreAcadia2BR,2BA$1.59
The HarrisonThe Anderson2BR,2BA$1.51
Superior LoftsBerne1BR,1BA$1.65
The Riv on the Greenway!2BR/1.0BA2BR,1BA$1.55
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$1.26
Graystone Landing1 bedroom/1 bathroom1BR,1BA$1.64
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #59

Among cities in Indiana 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!

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 $1,272.

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 $2,956.

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 30 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 $248 which is $2,708 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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.