Cheap Apartments for Rent in the Michigan Avenue Neighborhood of Fort Wayne, IN from $400 (81 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Michigan Avenue 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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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

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 1823 Griswold Dr

$875 - $995

1 To 2 Bedroom Rentals

Available Now

1823 Griswold Dr

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
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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
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Randall Lofts
1 to 2 Bedroom Apartments

Randall Lofts

616 S Harrison StFort Wayne, IN 46802
  • Utilities Included
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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
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Chase Manor Apartments
1 to 2 Bedroom Apartments

Chase Manor Apartments

641-649 Tennessee AveFort Wayne, IN 46805
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530 W Berry St
Studio to 1 Bedroom Apartments

530 W Berry St

530 W Berry StFort Wayne, IN 46802
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Renaissance Pointe
3 to 4 Bedroom Apartments

Renaissance Pointe

2430-2440 Bowser AveFort Wayne, IN 46803
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Indian Village Manor
1 to 3 Bedroom Apartments

Indian Village Manor

2121 Engle RdFort Wayne, IN 46809
  • 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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Michigan Avenue, Fort Wayne, IN Local Guide

Cheapest Available Michigan Avenue Apartments for Rent

 

The cheapest available apartment rental in the Michigan Avenue area of Fort Wayne, IN is a 1 Bed unit found at River Pointe Townhomes priced from $725. Jackson Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here are the most affordable Michigan Avenue apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
River Pointe TownhomesSpacious 1 Bedroom Flat1BR,1BA$725
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
1230 Delta Boulevard1BR/1.0BA1BR,1BA$795
Nemoir Manor ApartmentsOne Bedroom1BR,1BA$799
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
Three Rivers Apartmentss01b Rodeo DriveStudio,1BA$899
Autumn Creek Apartment Homes2B1.5B-STD2BR,1BA$959
The ElexThe Pen-El1BR,1BA$1,002

Best Value Apartments for Rent in Michigan Avenue, IN

As of August 15, 2026 the best value apartment in the Michigan Avenue 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 Michigan Avenue apartment is the 238 E Suttenfield St Model at 238 E Suttenfield St, Unit 238 E Suttenfield St starting at $895 with a $0.81 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Michigan Avenue 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
238 E Suttenfield St, Unit 238 E Suttenfield St238 E Suttenfield St2BR,1BA$0.81
Autumn Creek Apartment Homes2B2B-HYB2BR,2BA$1.10
Superior LoftsBerne1BR,1BA$1.65
The Riv on the Greenway!2BR/1.0BA2BR,1BA$1.55
River Pointe TownhomesSpacious 1 Bedroom Flat1BR,1BA$1.22
St Joseph Apartments0BR/1.0BAStudio ,1BA$1.92
Three Rivers Apartmentss01b Rodeo DriveStudio ,1BA$1.68
Jackson Manor ApartmentsOne Bedroom1BR,1BA$1.60
Nemoir Manor ApartmentsOne Bedroom1BR,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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Best Local Schools in
Michigan Avenue, Fort Wayne, IN

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Frequently Asked Questions about Cheap Michigan Avenue Apartments

What is a cheap apartment in Michigan Avenue?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Michigan Avenue is under $1,002.

What is the price of a cheap apartment in Michigan Avenue?

The cheapest apartment in Michigan Avenue is River Pointe Townhomes which is listed at $725, while the average apartment in Michigan Avenue costs $1,658.

What types of apartments are the cheapest in Michigan Avenue?

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 26 regular apartments in Michigan Avenue 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 Michigan Avenue?

Cheap apartments in Michigan Avenue have an average cost of $188 which is $1,470 cheaper than the average rent for all rentals in Michigan Avenue.

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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.