Cheap Homes for Rent in South Fort Wayne Neighborhood of Fort Wayne, IN from $600 (44 Rentals)

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Search the lowest-cost Homes available for rent right now in the South Fort Wayne 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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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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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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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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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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Showing Results 1-44, Page 1 of 1

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. The Meridian (Waterloo Gardens) has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. 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
The Meridian (Waterloo Gardens)Standard 1 BED | 1 BATH - SM Flat2BR,1BA$650
The Huntington1 Bed, 1 bath1BR,1BA$665
Fulton Manor - 922 Fulton (Flats)0BR/1.0BAStudio,1BA$695
Waynedale Village ApartmentsStudioStudio,1BA$699
River Pointe TownhomesSpacious 1 Bedroom Flat1BR,1BA$725
The Summit at Ridgewood Apartment and TownhomesOne Bedroom- 629 sqft1BR,1BA$730
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Graystone ApartmentsGraystone Apartments 1bed studioStudio,1BA$790

Best Value Apartments for Rent in South Fort Wayne, IN

As of June 23, 2026 the best value apartment in the South Fort Wayne area is the $0.84 price per square foot CLA 3BR/2.5BA Townhome Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,379. 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.
Coventry Court TownhomesCLA 3BR/2.5BA Townhome3BR,2.5BA$0.84
701 runnion ave, Unit 703 Runnion701 runnion ave3BR,1.5BA$0.78
Windsor OaksThe Oak3BR,2BA$1.10
1312 Park Ave, Unit #11312 Park Ave2BR,1BA$0.80
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
Autumn Creek Apartment Homes2B2B-HYB2BR,2BA$1.10
Emerald Square Villas2x1 Reno2BR,1BA$0.92
Black Bear Creek ApartmentsThe Kodiak2BR,1BA$1.12
St Joe Place2x22BR,2BA$0.80
Villa Capri ApartmentsPrato1BR,1BA$0.86

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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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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Frequently Asked Questions about South Fort Wayne

What type of rentals are currently available in South Fort Wayne?

There are currently 271 Apartments for Rent in South Fort Wayne, IN with pricing that ranges from $585 to $11,450. There are also 104 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Fort Wayne ranging from $675 to $2,530.

What is the current price range for Rental Homes in South Fort Wayne?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Fort Wayne ranges from $675 to $2,530 with an average monthly rent of $1,291.

How much are larger Three and Four Bedroom Rentals in South Fort Wayne?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Fort Wayne range from $845 to $5,475, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,065 and Four Bedroom Apartments start at $585.

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.