Cheap Homes for Rent in Michigan Avenue Neighborhood of Fort Wayne, IN from $500 (25 Rentals)

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

property at 2130 Broadway

$550 - $650

Studio Rentals

Available Now

2130 Broadway

Fort WayneIN46802

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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property at 1030 Lake Ave

$825

2 Bedroom Rentals

Available Now

1030 Lake Ave

Fort WayneIN46805

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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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.

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property at 928 Putnam St

$895

2 Bedroom Rentals

Available Now

928 Putnam St

Fort WayneIN46808

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 $699. The Elex - B has the second lowest priced unit, which is a 1 Bed apartment currently listed from $704. Here are the most affordable Michigan Avenue apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$699
The Elex - BThe Rose1BR,1BA$704
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
Sheridan Court1BR/1.0BA1BR,1BA$835

Best Value Apartments for Rent in Michigan Avenue, IN

As of January 06, 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 The Anderson Model at The Harrison starting at $1,500 with a $1.51 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
The HarrisonThe Anderson2BR,2BA$1.51
Woodhaven OaksTippecanoe2BR,2BA$1.06
Skyline Tower2/22BR,2BA$1.79
Autumn Creek Apartment Homes1B1B HYB1BR,1BA$1.29
Superior LoftsCharles1BR,1BA$1.69
Sheridan Court1BR/1.0BA1BR,1BA$1.33
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$1.18
The Riv on the Greenway!1BR/1.0BA1BR,1BA$1.55
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick Rent Budget Calculator

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
Michigan Avenue, Fort Wayne, IN

School data provided by Great Schools

Frequently Asked Questions about Michigan Avenue

What type of rentals are currently available in Michigan Avenue?

There are currently 133 Apartments for Rent in Michigan Avenue, IN with pricing that ranges from $545 to $4,963. There are also 92 Single Family Homes for rent, Condos, and Townhome rentals currently available in Michigan Avenue ranging from $550 to $2,550.

What is the current price range for Rental Homes in Michigan Avenue?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Michigan Avenue ranges from $550 to $2,550 with an average monthly rent of $1,110.

How much are larger Three and Four Bedroom Rentals in Michigan Avenue?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Michigan Avenue range from $849 to $4,963, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,099.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!