
Cheap Homes for Rent in Five Points Neighborhood of Fort Wayne, IN from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Five Points area of Fort Wayne.


926 Columbia Ave

1020 Northlawn Dr

708 E Jefferson Blvd

608 Anderson Ave
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.

1520 E Berry St, Unit 219

1520 E Berry St, Unit 224

1838 Kentucky Ave

5515 Brazo Ln

424 Nussbaum Ave
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.
Five Points, Fort Wayne, IN Local Guide

How much does it cost to rent a home in Five Points?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points 2 Bedroom Homes for Rent | $1,185 | $750 | $1,700 |
| Five Points 3 Bedroom Homes for Rent | $1,512 | $1,325 | $1,700 |
| Five Points 4 Bedroom Homes for Rent | $1,658 | $1,299 | $1,995 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Fort Wayne, IN.
Explore Fort Wayne
Five Points, Fort Wayne, IN Local Guide
- Nearby Fort Wayne neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $695. Here are the most affordable Five Points apartments for rent in Fort Wayne, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Huntington | 1 Bed, 1 bath | 1BR,1BA | $665 |
| Fulton Manor - 922 Fulton (Flats) | 0BR/1.0BA | Studio,1BA | $695 |
| The Summit at Ridgewood Apartment and Townhomes | One Bedroom- 629 sqft | 1BR,1BA | $740 |
Best Value Apartments for Rent in Five Points, IN
As of June 14, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 701 runnion ave, Unit 703 Runnion | 701 runnion ave | 3BR,1.5BA | $0.78 |
| 1632 N Wells St, Unit Upper | 1632 N Wells St | 2BR,2BA | $1.35 |
| The Summit at Ridgewood Apartment and Townhomes | Three Bedroom 1.5 Bath Townhome 1,184 sqft | 3BR,1.5BA | $1.19 |
| Superior Lofts | Superior | 2BR,2BA | $1.61 |
| The Harrison | The Anderson | 2BR,2BA | $1.51 |
| 2106 N Wells St, Unit Downstairs apartment | 2106 N Wells St | 2BR,1BA | $1.63 |
| The Riv on the Greenway! | 2BR/1.0BA | 2BR,1BA | $1.55 |
| West Wind Apartments | Standard One Bedroom | 1BR,1BA | $1.47 |
| The Huntington | 1 Bed, 1 bath | 1BR,1BA | $1.28 |
| Jackson Manor Apartments | One Bedroom | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleFive Points, Fort Wayne, IN
Ranked #118
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Five Points
What type of rentals are currently available in Five Points?
There are currently 97 Apartments for Rent in Five Points, IN with pricing that ranges from $665 to $4,963. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $750 to $1,995.
What is the current price range for Rental Homes in Five Points?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Five Points ranges from $750 to $1,995 with an average monthly rent of $1,228.
How much are larger Three and Four Bedroom Rentals in Five Points?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Five Points range from $845 to $4,963, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,325 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,299 and Four Bedroom Apartments start at $1,699.
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

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.