
Cheap Apartments for Rent in the Lake Forest Neighborhood of Fort Wayne, IN from $300 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Forest area of Fort Wayne.


Lake Forest Apartments

4944 Old Maysville Rd

Graystone Apartments
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.

Stellhorn Pointe Apartments

Newburyport

Summit Ridge Community Living

Georgetown Apartments
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.

Baldwin Creek
Lake Forest, Fort Wayne, IN Local Guide

How much does it cost to rent an apartment in Lake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Forest Studio Apartments | $844 | $700 | $940 |
| Lake Forest 1 Bedroom Apartments | $986 | $575 | $1,300 |
| Lake Forest 2 Bedroom Apartments | $1,332 | $675 | $2,007 |
| Lake Forest 3 Bedroom Apartments | $1,992 | $1,295 | $2,125 |
| Lake Forest 4 Bedroom Apartments | $597 | $585 | $610 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Lake Forest Neighborhood of Fort Wayne, IN.
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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. Brentwood Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable Lake Forest apartments for rent in Fort Wayne, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Graystone Apartments | Graystone Apartments 1bed studio | Studio,1BA | $790 |
| Brentwood Park Apartments | Burbank | 1BR,1BA | $975 |
| Black Hawk Apartments | Autumn | 1BR,1BA | $999 |
Best Value Apartments for Rent in Lake Forest, IN
As of April 15, 2026 the best value apartment in the Lake Forest 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 Lake Forest apartment is the Z Place Village Model at Z Place Village Townhomes starting at $1,999 with a $1.27 price per square foot in the Outer Central Southside neighborhood. Here is today’s list of the best values for Lake Forest apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Morada at Maysville | 2 Bed 2 Bath | 2BR,2BA | $0.85 |
| Z Place Village Townhomes | Z Place Village | 3BR,2.5BA | $1.27 |
| Redwood Fort Wayne Maplecrest Road | Meadowood | 2BR,2BA | $1.51 |
| Windsor Oaks | The Hickory | 2BR,1BA | $1.28 |
| Gateway Apartments | 2x1 | 2BR,1BA | $1.60 |
| Black Bear Creek Apartments | The Kodiak | 2BR,1BA | $1.12 |
| St Joe Place | 2x2 | 2BR,2BA | $0.80 |
| Brentwood Park Apartments | Burbank | 1BR,1BA | $1.37 |
| 5014 old maysville road | 5014 old maysville road | 1BR,1BA | $0.96 |
| Woodview Manor Apartments | Picasso | 1BR,1BA | $1.81 |
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 Brentwood Park Apartments which is listed at $975, 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 6 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 $422 which is $1,703 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

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.

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.

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.

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.