Cheap Homes for Rent in Fort Wayne, IN from $500 (41 Rentals)

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Search the lowest-cost Homes available for rent right now in 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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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: 06/15/2025

Current apartment rentals in the Fort Wayne, IN area range in price from $425 to $4,863 with an overall median price of $1,866. The three Fort Wayne neighborhoods with the lowest median rent pricing are Georgetown Place at $610, Kern Valley at $610, and Morningside Terrace at $525. 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
Georgetown Place$1,065$6101
Kern Valley$1,065$6101
Morningside Terrace$1,175$52551
Casselwood Terrace$1,199$51452
Continential Park$1,199$51462
Lincolnshire$1,199$52554
South Suburban$1,199$52551
Southwick Village$1,199$51446
Sawmill Woods$1,236$6256
Brookside Park$1,305$53926

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 $514. Emerald Square Apartments & Villas in the Southeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Fort Wayne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$514
Emerald Square Apartments & VillasStudio Hickory MillStudio,1BA$525
Shoaff Park VillasStudio, 1 bathStudio,1BA$645
Poplar Ridge ApartmentsFlat ApartmentStudio,1BA$650
Waynedale Village ApartmentsStudioStudio,1BA$659
The Huntington1 Bed, 1 bath1BR,1BA$665
The Meridian (Waterloo Gardens)Premium 1 BED | 1 BATH1BR,1BA$680
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$699
Jackson Manor ApartmentsOne Bedroom1BR,1BA$715
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$745

Best Value Apartments for Rent in Fort Wayne, IN

As of June 16, 2025 the best value apartment in the Fort Wayne area is the $0.93 price per square foot CLA 3BR/2.5BA TH W/Patio Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,450. The second greatest value Fort Wayne apartment is the 2 Bedroom 2 Bath Model at Evard Place - Solar Powered starting at $1,600 with a $1.07 price per square foot in the Northeast 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.
Coventry Court TownhomesCLA 3BR/2.5BA TH W/Patio3BR,2.5BA$0.93
Evard Place - Solar Powered2 Bedroom 2 Bath2BR,2BA$1.07
1118 Columbia Ave, Unit #2 (upstairs apartment), Unit Apartment 21118 Columbia Ave, Unit #2 (upstairs apartment)2BR,1BA$1.00
Fairview CourtTwo Bedroom Townhome2BR,1.5BA$0.93
Fountain Lake Apartment HomesBellagio2BR,1BA$0.82
Coventry Court WestCoventry Court West- 2 Bed/2 Bath2BR,2BA$1.13
Black Bear Creek ApartmentsThe Kodiak2BR,1BA$1.12
South Bridge ApartmentsTwo Bedroom One Bath Stackable Washer/Dryer2BR,1BA$1.06
St Joe Place2x22BR,2BA$0.80
Villa Capri ApartmentsPrato1BR,1BA$0.71

Quick Rent Budget Calculator

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Frequently Asked Questions about Fort Wayne

What type of rentals are currently available in Fort Wayne?

There are currently 347 Apartments for Rent in Fort Wayne, IN with pricing that ranges from $425 to $4,863. There are also 171 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Wayne ranging from $550 to $2,530.

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 $2,530 with an average monthly rent of $1,378.

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 $539 to $4,863, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $600.

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.