
Cheap Apartments for Rent in the Lake Forest Neighborhood of Fort Wayne, IN from $300 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Forest area of Fort Wayne.


Lake Forest Apartments

Graystone Apartments

Stellhorn Pointe Apartments
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Newburyport

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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.
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 | $931 | $575 | $1,265 |
| Lake Forest 2 Bedroom Apartments | $1,370 | $675 | $1,979 |
| Lake Forest 3 Bedroom Apartments | $1,987 | $1,295 | $2,125 |
| Lake Forest 4 Bedroom Apartments | $600 | $585 | $615 |
Browse Apartments in this Neighborhood
There are currently 8 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Graystone Apartments | Graystone Apartments 1bed studio | Studio,1BA | $790 |
| Black Bear Creek Apartments | The Kodiak | 2BR,1BA | $1,050 |
| Black Hawk Apartments | Autumn | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Z Place Village Townhomes | Z Place Village | 3BR,2.5BA | $1.27 |
| Redwood Fort Wayne Maplecrest Road | Forestwood | 2BR,2BA | $1.52 |
| Gateway Apartments | 2x1 | 2BR,1BA | $1.60 |
| Black Bear Creek Apartments | The Kodiak | 2BR,1BA | $1.12 |
| Windsor Oaks | The Cedar | 1BR,1BA | $1.26 |
| Woodview Manor Apartments | Monet | 2BR,1BA | $1.39 |
| St Joe Place | 2x2 | 2BR,2BA | $0.80 |
| 5014 old maysville road | 5014 old maysville road | 1BR,1BA | $0.96 |
| Black Hawk Apartments | Autumn | 1BR,1BA | $1.76 |
| Graystone Apartments | Graystone Apartments 1bed studio | Studio ,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

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.

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.

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.

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.