Cheap Homes for Rent in Five Points Neighborhood of Fort Wayne, IN from $500 (12 Rentals)

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Search the lowest-cost Homes 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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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

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

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Frequently Asked Questions about Five Points

What type of rentals are currently available in Five Points?

There are currently 104 Apartments for Rent in Five Points, IN with pricing that ranges from $425 to $4,863. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $550 to $2,200.

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 $550 to $2,200 with an average monthly rent of $1,096.

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 $4,863, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,849.

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.