Cheap Homes for Rent in Fort Wayne, IN from $600 (54 Rentals)

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

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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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 659 5th St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

3 Bedroom, 2 Bath Home for Rent

Available Now

659 5th St

Fort WayneIN46808
property at 733 3rd St

$1,100

2 Bedroom Rentals

Available Now

733 3rd 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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Showing Results 1-50, Page 1 of 2

Fort Wayne, IN Local Guide

Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 04/21/2026

Current apartment rentals in the Fort Wayne, IN area range in price from $650 to $2,800 with an overall median price of $1,717. The three Fort Wayne neighborhoods with the lowest median rent pricing are Lincolnshire at $850, Rudisill Plaza at $1,250, and Summer Meadows at $1,250. 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
Lincolnshire$850$8501
Rudisill Plaza$1,250$1,2501
Summer Meadows$1,322$1,2502
Villas of the Marketplace$1,322$1,2502
Five Points$1,450$82523
Northcrest$1,450$1,4501
Fairfield$1,475$65053
Fairmont$1,475$65046
Harrison Hill$1,475$65046
Oakdale$1,475$65050

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 1 Bed 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 Flat1BR,1BA$650
The Huntington1 Bed, 1 bath1BR,1BA$665
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
Waynedale Village ApartmentsOne Bed1BR,1BA$759
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Fountain Lake Apartment HomesTreviStudio,1BA$780
Graystone ApartmentsGraystone Apartments 1bed studioStudio,1BA$790
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$795

Best Value Apartments for Rent in Fort Wayne, IN

As of April 21, 2026 the best value apartment in the Fort Wayne area is the $0.85 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,799. The second greatest value Fort Wayne apartment is the 701 runnion ave Model at 701 runnion ave, Unit 703 Runnion starting at $1,250 with a $0.78 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$0.85
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
1110 W Wayne St1110 W Wayne St2BR,1BA$0.85
1312 Park Ave, Unit #11312 Park Ave2BR,1BA$0.80
2202 Brooklyn Ave, Unit Apt C2202 Brooklyn Ave2BR,1BA$0.87
Fairview Court Apartments2x1.5 Down Classic2BR,1.5BA$1.00
St Joe Place2x22BR,2BA$0.80
Villa Capri ApartmentsPrato1BR,1BA$0.86
5014 old maysville road5014 old maysville road1BR,1BA$0.96

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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 350 Apartments for Rent in Fort Wayne, IN with pricing that ranges from $575 to $10,211. There are also 139 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Wayne ranging from $650 to $2,800.

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 $650 to $2,800 with an average monthly rent of $1,402.

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 $899 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,450 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.