Cheap Homes for Rent in Fort Wayne, IN from $700 (52 Rentals)

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

property at 1240 Boone St

$825

1 Bedroom Rentals

Available Now

1240 Boone St

Fort WayneIN46808

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.

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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.

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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.

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property at 812 Archer Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

812 Archer Ave

Fort WayneIN46808

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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Fort Wayne, IN Local Guide

Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 07/22/2026

Current apartment rentals in the Fort Wayne, IN area range in price from $585 to $5,672 with an overall median price of $2,054. The three Fort Wayne neighborhoods with the lowest median rent pricing are Casselwood Terrace at $620, Crown Colony at $620, and Southwick Village 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
Casselwood Terrace$1,089$62035
Crown Colony$1,125$62030
Southwick Village$1,125$62030
Continential Park$1,152$62039
Anthony Wayne$1,249$65031
Harvester Community$1,249$65530
Southeast Fort Wayne$1,249$65028
Hazelwood$1,490$585159
Lafayette Place$1,507$65537
Sherwood to Pettit$1,507$65533

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 Meridian (Waterloo Gardens) in the Southeast Fort Wayne neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. 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 Meridian (Waterloo Gardens)Standard 1 BED | 1 BATH - SM Flat2BR,1BA$650
The Huntington1 Bed, 1 bath1BR,1BA$665
River Pointe TownhomesSpacious 1 Bedroom Flat1BR,1BA$725
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
Nemoir Manor ApartmentsOne Bedroom1BR,1BA$759
Emerald Square Villas2x1 Classic PV2BR,1BA$759
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$770

Best Value Apartments for Rent in Fort Wayne, IN

As of July 22, 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
Fort Wayne Regency3 Beds, 2 Baths3BR,2BA$0.82
238 E Suttenfield St, Unit 238 E Suttenfield St238 E Suttenfield St2BR,1BA$0.81
Emerald Square Villas2x1 Reno2BR,1BA$0.92
Fountain Lake Apartment HomesBuckingham2BR,1.5BA$1.03
St Joe Place2x22BR,2BA$0.80
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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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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Best Local Schools in
Fort Wayne, IN

School data provided by Great Schools

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 355 Apartments for Rent in Fort Wayne, IN with pricing that ranges from $585 to $5,672. There are also 121 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Wayne ranging from $675 to $16,800.

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 $675 to $16,800 with an average monthly rent of $1,540.

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 $5,672, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,025 and Four Bedroom Apartments start at $585.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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.