Cheap Homes for Rent in Fort Wayne, IN from $500 (75 Rentals)

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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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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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property at 928 Putnam St

$895

2 Bedroom Rentals

Available Now

928 Putnam St

Fort WayneIN46808

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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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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Fort Wayne, IN Local Guide

Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 01/18/2026

Current apartment rentals in the Fort Wayne, IN area range in price from $565 to $4,963 with an overall median price of $1,661. The three Fort Wayne neighborhoods with the lowest median rent pricing are Crown Colony at $620, Southwick Village at $620, and Casselwood Terrace at $620. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Fort Wayne Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Crown Colony$1,013$62037
Southwick Village$1,013$62037
Casselwood Terrace$1,079$62038
Harvester Community$1,099$63511
Southeast Fort Wayne$1,102$56531
Continential Park$1,152$62047
Anthony Wayne$1,179$56542
South Calhoun Place$1,300$56576
Foster Park$1,319$56585
Illsley Place$1,319$56589

Cheapest Available Fort Wayne Apartments for Rent

 

The cheapest available apartment rental in Fort Wayne, IN is a 1 Bed unit found at Villa Capri Apartments in the Continential Park neighborhood priced from $620. Fulton Manor in the Southwest Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $635. Here is today’s list of the most affordable Fort Wayne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$620
Fulton Manor0BR/1.0BAStudio,1BA$635
The Huntington1 Bed, 1 bath1BR,1BA$665
Shoaff Park VillasStudio, 1 bathStudio,1BA$695
Woodhaven OaksMississinewa2BR,1BA$699
The ElexThe Rose1BR,1BA$704
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$725
Fountain Lake Apartment HomesRoselleStudio,1BA$735
Emerald Square Villas2x1 Classic PV2BR,1BA$739
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742

Best Value Apartments for Rent in Fort Wayne, IN

As of January 19, 2026 the best value apartment in the Fort Wayne 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 Fort Wayne apartment is the CLA 3BR/2.5BA Townhome W/Patio Model at Coventry Court Townhomes starting at $1,399 with a $0.90 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Fort Wayne 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
Coventry Court TownhomesCLA 3BR/2.5BA Townhome W/Patio3BR,2.5BA$0.90
4317 E State Blvd, Unit 43174317 E State Blvd2BR,1BA$0.83
Fairview Court Apartments2x1.5 Townhome Upgrade2BR,1.5BA$0.98
1312 Park Ave, Unit #21312 Park Ave2BR,1BA$0.76
9115 Fritz Rd, Unit 19115 Fritz Rd1BR,1BA$1.00
Emerald Square Villas2x1 Reno2BR,1BA$0.91
Woodhaven OaksTippecanoe2BR,2BA$0.82
St Joe Place2x22BR,2BA$0.76
Villa Capri ApartmentsPrato1BR,1BA$0.86

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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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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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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Best Local Schools in
Fort Wayne, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Fort Wayne, IN Rentals by Map

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See the most popular apartments and homes in Fort Wayne, IN

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Frequently Asked Questions about Fort Wayne

What type of rentals are currently available in Fort Wayne?

There are currently 352 Apartments for Rent in Fort Wayne, IN with pricing that ranges from $565 to $4,963. There are also 223 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Wayne ranging from $550 to $2,900.

What is the current price range for Rental Homes in Fort Wayne?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fort Wayne ranges from $550 to $2,900 with an average monthly rent of $1,375.

How much are larger Three and Four Bedroom Rentals in Fort Wayne?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fort Wayne range from $845 to $4,963, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,095 and Four Bedroom Apartments start at $600.

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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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!