Cheap Apartments for Rent in the Lake Forest Neighborhood of Fort Wayne, IN from $300 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Forest area of Fort Wayne.

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5014 old maysville road
$575
Total Monthly Price

Total Monthly Price

Base Rent
$575

Total Monthly Price
$575
1 Bedroom Apartment Available Now

5014 old maysville road

5014 old maysville roadFort Wayne, IN 46815
Affordability

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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Newburyport
1 to 3 Bedroom Apartments

Newburyport

1701 Reed RdFort Wayne, IN 46815
  • Utilities Included
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Georgetown Apartments
1 to 2 Bedroom Apartments

Georgetown Apartments

6426 Georgetown LnFort Wayne, IN 46815
Senior Living
  • Utilities Included
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Baldwin Creek
2 to 4 Bedroom Apartments

Baldwin Creek

2020 Hobson RdFort Wayne, IN 46805
  • Utilities Included

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Cheapest Available Lake Forest Apartments for Rent

 

The cheapest available apartment rental in the Lake Forest area of Fort Wayne, IN is a Studio unit found at Graystone Apartments priced from $790. Black Bear Creek Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,050. Here are the most affordable Lake Forest apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Graystone ApartmentsGraystone Apartments 1bed studioStudio,1BA$790
Black Bear Creek ApartmentsThe Kodiak2BR,1BA$1,050
Black Hawk ApartmentsAutumn1BR,1BA$1,056

Best Value Apartments for Rent in Lake Forest, IN

As of June 01, 2026 the best value apartment in the Lake Forest area is the $1.27 price per square foot Z Place Village Model at Z Place Village Townhomes in the in the Outer Central Southside neighborhood starting from $1,999. The second greatest value Lake Forest apartment is the Forestwood Model at Redwood Fort Wayne Maplecrest Road starting at $1,961 with a $1.52 price per square foot in the Northeast Fort Wayne neighborhood. Here is today’s list of the best values for Lake Forest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Z Place Village TownhomesZ Place Village3BR,2.5BA$1.27
Redwood Fort Wayne Maplecrest RoadForestwood2BR,2BA$1.52
Gateway Apartments2x12BR,1BA$1.60
Black Bear Creek ApartmentsThe Kodiak2BR,1BA$1.12
Windsor OaksThe Cedar1BR,1BA$1.26
Woodview Manor ApartmentsMonet2BR,1BA$1.39
St Joe Place2x22BR,2BA$0.80
5014 old maysville road5014 old maysville road1BR,1BA$0.96
Black Hawk ApartmentsAutumn1BR,1BA$1.76
Graystone ApartmentsGraystone Apartments 1bed studioStudio ,1BA$2.19

Frequently Asked Questions about Cheap Lake Forest Apartments

What is the price of a cheap apartment in Lake Forest?

The cheapest apartment in Lake Forest is Black Hawk Apartments which is listed at $1,056, while the average apartment in Lake Forest costs $2,125.

What types of apartments are the cheapest in Lake Forest?

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 3 regular apartments in Lake Forest 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 Lake Forest?

Cheap apartments in Lake Forest have an average cost of $424 which is $1,701 cheaper than the average rent for all rentals in Lake Forest.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.