Cheap Apartments for Rent in the LaRez Neighborhood of Fort Wayne, IN from $425 (99 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 1641 Howell St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

2 Bedroom, 1 Bath Home for Rent

Available Now

1641 Howell St

Fort WayneIN46808
property at 812 Walnut St

$875 - $1,050

1 To 2 Bedroom Rentals

Available Sep 1

812 Walnut St

Fort WayneIN46802
property at 1101 Lake Ave

$875

2 Bedroom Rentals

Available Now

1101 Lake Ave

Fort WayneIN46805

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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The Elex
$1,002 - $3,066
Total Monthly Price

Total Monthly Price

Base Rent
$1,002 - $3,066
Total Monthly Price
$1,002 - $3,066
1 to 3 Bedroom Apartments Available Now

The Elex

877 Lavina StFort Wayne, IN 46802
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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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439 E Wayne St
Studio to 1 Bedroom Apartments

439 E Wayne St

439 E Wayne StFort Wayne, IN 46802
Student Housing
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Regency House Apartments
Studio to 2 Bedroom Apartments

Regency House Apartments

2440 Fairfield AveFort Wayne, IN 46807
  • Utilities Included
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Meeting House At St. Peter
1 to 2 Bedroom Apartments

Meeting House At St. Peter

611 E Dewald StFort Wayne, IN 46803
Senior Living
  • Utilities Included
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Randall Lofts
1 to 2 Bedroom Apartments

Randall Lofts

616 S Harrison StFort Wayne, IN 46802
  • Utilities Included

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.

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Showing Results 1-50, Page 1 of 2

LaRez, Fort Wayne, IN Local Guide

Cheapest Available LaRez Apartments for Rent

 

The cheapest available apartment rental in the LaRez area of Fort Wayne, IN is a 1 Bed unit found at River Pointe Townhomes priced from $750. 1230 Delta Boulevard has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable LaRez apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
River Pointe Townhomes1 Flat1BR,1BA$750
1230 Delta Boulevard1BR/1.0BA1BR,1BA$795
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
Three Rivers Apartmentss01b Rodeo DriveStudio,1BA$899
Graystone Landing1 bedroom/1 bathroom1BR,1BA$900
2021 Hillside Ave20252BR,1BA$995
The ElexThe Pen-El1BR,1BA$1,002
St Joseph Apartments0BR/1.0BAStudio,1BA$1,055
Superior LoftsBerne1BR,1BA$1,300

Best Value Apartments for Rent in LaRez, IN

As of August 28, 2026 the best value apartment in the LaRez area is the $0.78 price per square foot 701 runnion ave Model at 701 runnion ave, Unit 703 Runnion in the in the Southwest Fort Wayne neighborhood starting from $1,250. The second greatest value LaRez apartment is the 2 Bed 2 Bath The Foster (2B2B1133) Model at Cityscape Flats starting at $1,869 with a $1.65 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for LaRez apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
701 runnion ave, Unit 703 Runnion701 runnion ave3BR,1.5BA$0.78
Cityscape Flats2 Bed 2 Bath The Foster (2B2B1133)2BR,2BA$1.65
Skyline Tower2/22BR,2BA$1.84
2021 Hillside Ave20252BR,1BA$1.23
Superior LoftsBerne1BR,1BA$1.65
The Riv on the Greenway!2BR/1.0BA2BR,1BA$1.55
River Pointe Townhomes1 Flat1BR,1BA$1.27
Graystone Landing1 bedroom/1 bathroom1BR,1BA$1.64
St Joseph Apartments0BR/1.0BAStudio ,1BA$1.92
Three Rivers Apartmentss01b Rodeo DriveStudio ,1BA$1.68

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Larez, Fort Wayne, IN

School data provided by Great Schools

Frequently Asked Questions about Cheap LaRez Apartments

What is a cheap apartment in LaRez?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in LaRez is under $1,300.

What is the price of a cheap apartment in LaRez?

The cheapest apartment in LaRez is River Pointe Townhomes which is listed at $750, while the average apartment in LaRez costs $1,658.

What types of apartments are the cheapest in LaRez?

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 28 regular apartments in LaRez 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 LaRez?

Cheap apartments in LaRez have an average cost of $175 which is $1,483 cheaper than the average rent for all rentals in LaRez.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.