Cheap Apartments for Rent in the Lake Forest Neighborhood of Fort Wayne, IN from $300 (7 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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Newburyport
1 Bedroom Apartments

Newburyport

1701 Reed RdFort Wayne, IN 46815
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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Georgetown Apartments
1 to 2 Bedroom Apartments

Georgetown Apartments

6426 Georgetown LnFort Wayne, IN 46815
Senior Living
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Lake Forest, Fort Wayne, IN Local Guide

Cheapest Available Lake Forest Apartments for Rent

 

The cheapest available apartment rental in the Lake Forest area of Fort Wayne, IN is a 1 Bed 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 $845. Here are the most affordable Lake Forest apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Graystone ApartmentsGraystone Apartments 1bed studio1BR,1BA$790
Brentwood Park ApartmentsOakland1BR,1BA$845
Black Bear Creek ApartmentsThe Atlas1BR,1BA$885

Best Value Apartments for Rent in Lake Forest, IN

As of July 12, 2025 the best value apartment in the Lake Forest area is the $1.15 price per square foot 7819 Model at 7819 Stellhorn Rd in the in the Northeast Fort Wayne neighborhood starting from $1,500. The second greatest value Lake Forest apartment is the Forestwood Model at Redwood Fort Wayne Maplecrest Road starting at $1,786 with a $1.38 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.
7819 Stellhorn Rd78192BR,2BA$1.15
Redwood Fort Wayne Maplecrest RoadForestwood2BR,2BA$1.38
Port O'Call ApartmentsManor3BR,2.5BA$0.98
Windsor OaksThe Hickory2BR,1BA$1.28
Gateway Apartments2x12BR,1BA$1.55
Blackhawk ApartmentsMaple-Renovated2BR,1.5BA$1.29
St Joe Place2x22BR,2BA$0.80
Black Bear Creek ApartmentsThe Atlas1BR,1BA$1.24
Brentwood Park ApartmentsFrancisco1BR,1BA$1.43
Woodview Manor ApartmentsPicasso1BR,1BA$1.81

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Pet Friendly Lifestyle
Lake Forest, Fort Wayne, IN

Ranked #75

Among neighborhoods in Fort Wayne, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Lake Forest Neighborhood in Fort Wayne, IN

Walk Score®

70 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

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 Graystone Apartments which is listed at $790, while the average apartment in Lake Forest costs $1,375.

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 7 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 $371 which is $1,004 cheaper than the average rent for all rentals in Lake Forest.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.