Cheap Apartments for Rent in the Michigan Avenue Neighborhood of Fort Wayne, IN from $400 (83 Rentals)

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

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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property at 1512 Taylor St

$750 - $850

1 Bedroom Rentals

Available Now

1512 Taylor St

Fort WayneIN46802
property at 1823 Griswold Dr

$875 - $995

1 To 2 Bedroom Rentals

Available Now

1823 Griswold Dr

Fort WayneIN46805

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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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
Pet Friendly
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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
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Randall Lofts
1 to 2 Bedroom Apartments

Randall Lofts

616 S Harrison StFort Wayne, IN 46802
  • 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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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
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Woodhaven Oaks
1 to 3 Bedroom Apartments

Woodhaven Oaks

2008 Woodhaven DrFort Wayne, IN 46819
Corporate Housing

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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Showing Results 1-50, Page 1 of 2

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
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
St Joseph Apartments0BR/1.0BAStudio,1BA$1,055
CityScape FlatsChapman 1 Bedroom 1 Bath1BR,1BA$1,272

Best Value Apartments for Rent in Michigan Avenue, IN

As of July 01, 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 1632 N Wells St Model at 1632 N Wells St, Unit Upper starting at $1,750 with a $1.35 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
1632 N Wells St, Unit Upper1632 N Wells St2BR,2BA$1.35
1312 Park Ave, Unit #11312 Park Ave2BR,1BA$0.80
Superior LoftsSuperior2BR,2BA$1.61
Autumn Creek Apartment Homes2B2B-HYB2BR,2BA$1.10
The HarrisonThe Anderson2BR,2BA$1.51
The Riv on the Greenway!2BR/1.0BA2BR,1BA$1.55
River Pointe TownhomesSpacious 1 Bedroom Flat1BR,1BA$1.22
Three Rivers Apartmentss01b Rodeo DriveStudio ,1BA$1.68
Jackson Manor ApartmentsOne Bedroom1BR,1BA$1.60

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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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
Michigan Avenue, Fort Wayne, IN

School data provided by Great Schools

Frequently Asked Questions about Cheap Michigan Avenue Apartments

What is the Cheapest Studio apartment in Michigan Avenue?

Currently the most affordable Cheap Studio Apartment in Michigan Avenue is at Three Rivers Apartments listed at $899.

How much is rent for a Cheap One Bedroom Michigan Avenue Apartment?

The lowest price for a Cheap One Bedroom Michigan Avenue Apartment is $725 at River Pointe Townhomes.

What is the lowest price for a Cheap Two Bedroom Michigan Avenue Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Michigan Avenue is starting from $825 at River Pointe Townhomes.

What is the most affordable Michigan Avenue Three Bedroom Apartment?

The best deal on a cheap Michigan Avenue Three Bedroom Apartment rental is at River Pointe Townhomes and starts from $999.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.