
Cheap Apartments for Rent in the South Suburban Neighborhood of Fort Wayne, IN from $300 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Suburban area of Fort Wayne.


The Meridian (Waterloo Gardens)

Emerald Square Villas

Adam & Bruce Senior Housing Apartments

Willow Creek Crossing

Black Pine Flats
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Hickory Mill Apartments

Regency House Apartments

Fairfield Gardens

Woodhaven Oaks

Arbors Of Southtowne Square

Whispering Creek Apartments
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.
South Suburban, Fort Wayne, IN Local Guide

How much does it cost to rent an apartment in South Suburban?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Suburban Studio Apartments | $742 | $742 | $742 |
| South Suburban 1 Bedroom Apartments | $912 | $620 | $1,150 |
| South Suburban 2 Bedroom Apartments | $1,108 | $650 | $1,605 |
| South Suburban 3 Bedroom Apartments | $1,791 | $946 | $5,303 |
| South Suburban 4 Bedroom Apartments | $1,793 | $1,765 | $1,822 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the South Suburban Neighborhood of Fort Wayne, IN.
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South Suburban, Fort Wayne, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa Capri Apartments | Prato | 1BR,1BA | $620 |
| The Meridian (Waterloo Gardens) | Standard 1 BED | 1 BATH - SM Flat | 2BR,1BA | $650 |
| Emerald Square Villas | 1x1 Classic PV | 1BR,1BA | $689 |
| Adam & Bruce Senior Housing Apartments | Efficiency | Studio,1BA | $742 |
| Black Pine Flats | 1 bedroom classic 504 | 1BR,1BA | $799 |
Best Value Apartments for Rent in South Suburban, IN
As of July 30, 2026 the best value apartment in the South Suburban 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Coventry Court Townhomes | CLA 3BR/2.5BA Townhome | 3BR,2.5BA | $0.84 |
| The Village at Wayne Trace Homes | 2 Bedroom | Renovated | 2BR,2BA | $1.22 |
| Fort Wayne Regency | 3 Beds, 2 Baths | 3BR,2BA | $0.82 |
| Foster Park Apartments | 2 Bed Classic | 2BR,1.5BA | $1.05 |
| Fairview Court Apartments | 2x1.5 Down Reno | 2BR,1.5BA | $1.19 |
| South Bridge Apartments | Two Bedroom Two Bath Full-Size Washer/Dryer | 2BR,2BA | $1.29 |
| Emerald Square Villas | 2x1 Reno | 2BR,1BA | $0.92 |
| Villa Capri Apartments | Prato | 1BR,1BA | $0.86 |
| Black Pine Flats | 1 Bedroom Upgrd 504 | 1BR,1BA | $1.64 |
| Adam & Bruce Senior Housing Apartments | Efficiency | Studio ,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleSouth Suburban, Fort Wayne, IN
Ranked #65
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.

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.