Cheap Apartments for Rent in the South Fort Wayne Neighborhood of Fort Wayne, IN from $300 (112 Rentals)

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

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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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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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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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 1823 Griswold Dr

1823 Griswold Dr

Fort WayneIN46805

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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South Fort Wayne, Fort Wayne, IN Local Guide

Cheapest Available South Fort Wayne Apartments for Rent

 

The cheapest available apartment rental in the South Fort Wayne area of Fort Wayne, IN is a 1 Bed unit found at Villa Capri Apartments priced from $620. Waynedale Village Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $659. Here are the most affordable South Fort Wayne apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$620
Waynedale Village ApartmentsStudioStudio,1BA$659
The Huntington1 Bed, 1 bath1BR,1BA$665
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$699
The Elex - B1 Bedroom | 1 Bath1BR,1BA$704
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
The Meridian (Waterloo Gardens)Premium 1 BED | 1 BATH1BR,1BA$755
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$785
Willow Creek CrossingThe Pullman1BR,1BA$785

Best Value Apartments for Rent in South Fort Wayne, IN

As of December 14, 2025 the best value apartment in the South Fort Wayne area is the $0.85 price per square foot 2 Bed 2 Bath Model at Morada at Maysville in the in the North Fort Wayne neighborhood starting from $1,799. The second greatest value South Fort Wayne apartment is the 701 runnion ave Model at 701 runnion ave, Unit 703 Runnion starting at $1,250 with a $0.78 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for South Fort Wayne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Morada at Maysville2 Bed 2 Bath2BR,2BA$0.85
701 runnion ave, Unit 703 Runnion701 runnion ave3BR,1.5BA$0.78
Coventry Court TownhomesCLA 3BR/2.5BA Townhome W/Patio3BR,2.5BA$0.90
Fairview Court Apartments2 BR/1.5 BA2BR,1.5BA$0.95
Woodhaven OaksTippecanoe2BR,2BA$1.06
Jefferson Place Villas2 Bedroom2BR,1BA$1.05
South Bridge ApartmentsTwo Bedroom One Bath Stackable Washer/Dryer2BR,1BA$1.11
St Joe Place2x22BR,2BA$0.76
Villa Capri ApartmentsPrato1BR,1BA$0.86
The Elex - B1 Bedroom | 1 Bath1BR,1BA$1.02

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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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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Pet Friendly Lifestyle
South Fort Wayne, Fort Wayne, IN

Ranked #2

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities and towns across the United States including South Fort Wayne, Fort Wayne, and the greater Fort Wayne area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and easy access to the parks, kid and pet-friendly communities, availability of transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the South Fort Wayne Neighborhood in Fort Wayne, IN

Walk Score®

14 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

11 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap South Fort Wayne Apartments

What is a cheap apartment in South Fort Wayne?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Fort Wayne is under $785.

What is the price of a cheap apartment in South Fort Wayne?

The cheapest apartment in South Fort Wayne is Villa Capri Apartments which is listed at $620, while the average apartment in South Fort Wayne costs $1,767.

What types of apartments are the cheapest in South Fort Wayne?

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 24 regular apartments in South Fort Wayne 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 South Fort Wayne?

Cheap apartments in South Fort Wayne have an average cost of $150 which is $1,617 cheaper than the average rent for all rentals in South Fort Wayne.

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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.