Cheap Apartments for Rent in the Lake Forest Neighborhood of Fort Wayne, IN from $300 (9 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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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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Baldwin Creek
2 to 4 Bedroom Apartments

Baldwin Creek

2020 Hobson RdFort Wayne, IN 46805
  • Utilities Included

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 ListingModel NameBed/BathPriced From
Graystone ApartmentsGraystone Apartments 1bed studioStudio,1BA$790
Brentwood Park ApartmentsBurbank1BR,1BA$975
Black Hawk ApartmentsAutumn1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Morada at Maysville2 Bed 2 Bath2BR,2BA$0.85
Z Place Village TownhomesZ Place Village3BR,2.5BA$1.27
Redwood Fort Wayne Maplecrest RoadMeadowood2BR,2BA$1.51
Windsor OaksThe Hickory2BR,1BA$1.28
Gateway Apartments2x12BR,1BA$1.60
Black Bear Creek ApartmentsThe Kodiak2BR,1BA$1.12
St Joe Place2x22BR,2BA$0.80
Brentwood Park ApartmentsBurbank1BR,1BA$1.37
5014 old maysville road5014 old maysville road1BR,1BA$0.96
Woodview Manor ApartmentsPicasso1BR,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

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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.

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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.