Cheap Apartments for Rent in the South Suburban Neighborhood of Fort Wayne, IN from $300 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Suburban 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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Hickory Mill Apartments
1 to 2 Bedroom Apartments

Hickory Mill Apartments

5856 Turtle Creek DrFort Wayne, IN 46816
  • Utilities Included
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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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Fairfield Gardens
2 Bedroom Apartments

Fairfield Gardens

6300 Fairfield AveFort Wayne, IN 46807
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Woodhaven Oaks
1 to 3 Bedroom Apartments

Woodhaven Oaks

2008 Woodhaven DrFort Wayne, IN 46819
Corporate Housing

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.

South Suburban, Fort Wayne, IN Local Guide

Cheapest Available South Suburban Apartments for Rent

 

The cheapest available apartment rental in the South Suburban 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 Suburban 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
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
Black Pine Flats1 bedroom classic 5041BR,1BA$799
Willow Creek CrossingThe Pullman1BR,1BA$820

Best Value Apartments for Rent in South Suburban, IN

As of June 12, 2026 the best value apartment in the South Suburban area is the $0.90 price per square foot CLA 3BR/2.5BA Townhome W/Patio Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,399. The second greatest value South Suburban apartment is the 2 Bedroom | Renovated Model at The Village at Wayne Trace Homes starting at $1,622 with a $1.22 price per square foot in the Southeast Fort Wayne neighborhood. Here is today’s list of the best values for South Suburban apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Coventry Court TownhomesCLA 3BR/2.5BA Townhome W/Patio3BR,2.5BA$0.90
The Village at Wayne Trace Homes2 Bedroom | Renovated2BR,2BA$1.22
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
Fairview Court Apartments2x1.5 Down Classic2BR,1.5BA$1.03
Emerald Square Apartments & Villas2x1 Reno2BR,1BA$0.92
Coral Club Apartments2X1.5 Up Reno W/ W/D2BR,1.5BA$1.37
South Bridge ApartmentsTwo Bedroom One & One-Half Bath Seville Stackab...2BR,1.5BA$1.24
Villa Capri ApartmentsPrato1BR,1BA$0.86
Willow Creek CrossingThe Pullman1BR,1BA$1.21
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio ,1BA$1.48

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 Suburban, Fort Wayne, IN

Ranked #93

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap South Suburban Apartments

How much is rent for a Cheap One Bedroom South Suburban Apartment?

The lowest price for a Cheap One Bedroom South Suburban Apartment is $620 at Villa Capri Apartments.

What is the lowest price for a Cheap Two Bedroom South Suburban Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Suburban is starting from $650 at The Meridian (Waterloo Gardens).

What is the most affordable South Suburban Three Bedroom Apartment?

The best deal on a cheap South Suburban Three Bedroom Apartment rental is at Villa Capri Apartments and starts from $946.

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

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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.