Cheap Homes for Rent in Fort Wayne, IN from $600 (86 Rentals)

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Search the lowest-cost Homes available for rent right now in Fort Wayne.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 2604 Sherman Blvd
$850 - $1,050
1 To 2 Bedroom Rentals
Available Now
Affordability

2604 Sherman Blvd

Fort WayneIN46808
property at 1641 Howell St
$875

Total Monthly Price

Base Rent$875

Total Monthly Price$875
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

1641 Howell St

Fort WayneIN46808

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

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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.

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.

Fort Wayne, IN Local Guide

Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 09/05/2026

Current apartment rentals in the Fort Wayne, IN area range in price from $600 to $14,578 with an overall median price of $1,456. The three Fort Wayne neighborhoods with the lowest median rent pricing are Southeast Fort Wayne at $850, Anthony Wayne at $859, and Lafayette Place at $894. 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
Southeast Fort Wayne$850$65032
Anthony Wayne$859$65036
Lafayette Place$894$67045
Sherwood to Pettit$897$67035
Mount Vernon Park$909$62051
Crown Colony$948$62032
Southwick Village$948$62032
Harvester Community$950$67534
Hillcrest$964$62050
Morningside Terrace$964$62050

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. The Huntington in the Northwest Fort Wayne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $665. Here is today’s list of the most affordable Fort Wayne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$620
The Huntington1 Bed, 1 bath1BR,1BA$665
Waynedale Village ApartmentsStudioStudio,1BA$689
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
River Pointe Townhomes1 Flat1BR,1BA$750
Emerald Square Villas2x1 Classic PV2BR,1BA$759
Rockhill Manor1BR/1.0BA1BR,1BA$765
Poplar Ridge ApartmentsStudio UpgradeStudio,1BA$769
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$770

Best Value Apartments for Rent in Fort Wayne, IN

As of September 05, 2026 the best value apartment in the Fort Wayne area is the $0.87 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,834. The second greatest value Fort Wayne apartment is the Townhome Model at Anam Villas starting at $1,995 with a $0.97 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.
Morada at Maysville2 Bed 2 Bath2BR,2BA$0.87
Anam VillasTownhome3BR,2.5BA$0.97
Coventry Court TownhomesCLA 3BR/2.5BA Townhome3BR,2.5BA$0.84
701 runnion ave, Unit 703 Runnion701 runnion ave3BR,1.5BA$0.78
Windsor OaksThe Oak3BR,2BA$1.10
St Joe Place4x44BR,4BA$0.47
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
Autumn Creek Apartment Homes2B2B-HYB2BR,2BA$1.10
Emerald Square Villas2x1 Deluxe2BR,1BA$0.83
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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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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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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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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Fort Wayne, IN
Population: 267,633

Ranked #77

in US Census Population by City

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

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Frequently Asked Questions about Fort Wayne

What type of rentals are currently available in Fort Wayne?

There are currently 372 Apartments for Rent in Fort Wayne, IN with pricing that ranges from $600 to $14,578. There are also 128 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Wayne ranging from $600 to $3,000.

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 $600 to $3,000 with an average monthly rent of $1,355.

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 $915 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,025 and Four Bedroom Apartments start at $635.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.