Cheap Apartments for Rent in the Illsley Place Neighborhood of Fort Wayne, IN from $425 (66 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Illsley Place area of 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 812 Walnut St
$875 - $1,050
1 To 2 Bedroom Rentals
Available Sep 8
Affordability

812 Walnut St

Fort WayneIN46802

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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439 E Wayne St
Studio to 1 Bedroom Apartments

439 E Wayne St

439 E Wayne StFort Wayne, IN 46802
Student Housing
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Regency House Apartments
Studio to 2 Bedroom Apartments

Regency House Apartments

2440 Fairfield AveFort Wayne, IN 46807
  • Utilities Included
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Meeting House At St. Peter
1 to 2 Bedroom Apartments

Meeting House At St. Peter

611 E Dewald StFort Wayne, IN 46803
Senior Living
  • Utilities Included
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Randall Lofts
1 to 2 Bedroom Apartments

Randall Lofts

616 S Harrison StFort Wayne, IN 46802
  • Utilities Included

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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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
  • Utilities Included
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530 W Berry St
Studio to 1 Bedroom Apartments

530 W Berry St

530 W Berry StFort Wayne, IN 46802
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Fairfield Gardens
2 Bedroom Apartments

Fairfield Gardens

6300 Fairfield AveFort Wayne, IN 46807
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Renaissance Pointe
3 to 4 Bedroom Apartments

Renaissance Pointe

2430-2440 Bowser AveFort Wayne, IN 46803
  • Smoke Free
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Indian Village Manor
1 to 3 Bedroom Apartments

Indian Village Manor

2121 Engle RdFort Wayne, IN 46809
  • Utilities Included
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Woodhaven Oaks
1 to 3 Bedroom Apartments

Woodhaven Oaks

2008 Woodhaven DrFort Wayne, IN 46819
Corporate Housing

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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Wildwood Place
1 Bedroom Apartments

Wildwood Place

3431 Portage BlvdFort Wayne, IN 46802
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2212 Nuttman Ave
1 to 2 Bedroom Apartments

2212 Nuttman Ave

2212 Nuttman AveFort Wayne, IN 46809
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2220 Nuttman Ave
2 Bedroom Apartments

2220 Nuttman Ave

2220 Nuttman AveFort Wayne, IN 46809
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Rockhill Manor
1 Bedroom Apartments

Rockhill Manor

1010 Rockhill StFort Wayne, IN 46802
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601 W Wayne St
1 Bedroom Apartments

601 W Wayne St

601 W Wayne StFort Wayne, IN 46802
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Stephanie Villas
2 to 4 Bedroom Apartments

Stephanie Villas

1418 Fayette DrFort Wayne, IN 46816
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Villages of Hanna
1 to 3 Bedroom Apartments

Villages of Hanna

2201 Reed StFort Wayne, IN 46803
  • Utilities Included

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.

Illsley Place, Fort Wayne, IN Local Guide

Cheapest Available Illsley Place Apartments for Rent

 

The cheapest available apartment rental in the Illsley Place area of Fort Wayne, IN is a 1 Bed unit found at River Pointe Townhomes priced from $750. Rockhill Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here are the most affordable Illsley Place apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
River Pointe Townhomes1 Flat1BR,1BA$750
Rockhill Manor1BR/1.0BA1BR,1BA$765
601 W Wayne St1BR/1.0BA1BR,1BA$799
Black Pine Flats1 bedroom classic 5041BR,1BA$799
Coventry Court TownhomesCCT 2 BR/1 BA Townhome2BR,1BA$949
Autumn Creek Apartment Homes2B1.5B-STD2BR,1BA$959
The ElexThe Pen-El1BR,1BA$1,002
St Joseph Apartments0BR/1.0BAStudio,1BA$1,055
Foster Park Apartments2 Bed Classic2BR,1BA$1,150

Best Value Apartments for Rent in Illsley Place, IN

As of September 06, 2026 the best value apartment in the Illsley Place area is the $0.84 price per square foot CLA 3BR/2.5BA Townhome Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,379. The second greatest value Illsley Place 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 Illsley Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Coventry Court TownhomesCLA 3BR/2.5BA Townhome3BR,2.5BA$0.84
701 runnion ave, Unit 703 Runnion701 runnion ave3BR,1.5BA$0.78
Cityscape Flats2 Bed 2 Bath The Foster (2B2B1133)2BR,2BA$1.65
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
Autumn Creek Apartment Homes2B2B-HYB2BR,2BA$1.10
Skyline Tower2/22BR,2BA$1.84
817 W Wayne St, Unit 817 W Wayne- Unit 1817 W Wayne St1BR,1BA$1.18
River Pointe Townhomes1 Flat1BR,1BA$1.27
Black Pine Flats1 Bedroom Upgrd 5041BR,1BA$1.64
Rockhill Manor1BR/1.0BA1BR,1BA$1.53

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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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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Frequently Asked Questions about Cheap Illsley Place Apartments

What is a cheap apartment in Illsley Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Illsley Place is under $1,150.

What is the price of a cheap apartment in Illsley Place?

The cheapest apartment in Illsley Place is River Pointe Townhomes which is listed at $750, while the average apartment in Illsley Place costs $1,614.

What types of apartments are the cheapest in Illsley Place?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 19 regular apartments in Illsley Place that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Illsley Place?

Cheap apartments in Illsley Place have an average cost of $234 which is $1,380 cheaper than the average rent for all rentals in Illsley Place.

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.