Cheap Apartments for Rent in the South Wayne Neighborhood of Fort Wayne, IN from $400 (77 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South 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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property at 1512 Taylor St

$795 - $850

1 Bedroom Rentals

Available Now

1512 Taylor St

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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The Elex
Rent Specials
$1,002 - $3,066
Total Monthly Price

Total Monthly Price

Base Rent
$1,002 - $3,066
Total Monthly Price
$1,002 - $3,066
1 to 3 Bedroom Apartments Available Now

The Elex

877 Lavina StFort Wayne, IN 46802
Pet Friendly
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  • Smoke Free
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439 E Wayne St
Studio to 1 Bedroom Apartments

439 E Wayne St

439 E Wayne StFort Wayne, IN 46802
Student Housing
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Regency House Apartments
Studio to 2 Bedroom Apartments

Regency House Apartments

2440 Fairfield AveFort Wayne, IN 46807
  • Utilities Included
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Meeting House At St. Peter
1 to 2 Bedroom Apartments

Meeting House At St. Peter

611 E Dewald StFort Wayne, IN 46803
Senior Living
  • Utilities Included

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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Randall Lofts
1 to 2 Bedroom Apartments

Randall Lofts

616 S Harrison StFort Wayne, IN 46802
  • Utilities Included
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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
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530 W Berry St
Studio to 1 Bedroom Apartments

530 W Berry St

530 W Berry StFort Wayne, IN 46802
  • Utilities Included
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Renaissance Pointe
3 to 4 Bedroom Apartments

Renaissance Pointe

2430-2440 Bowser AveFort Wayne, IN 46803
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Indian Village Manor
1 to 3 Bedroom Apartments

Indian Village Manor

2121 Engle RdFort Wayne, IN 46809
  • Utilities Included
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Woodhaven Oaks
1 to 3 Bedroom Apartments

Woodhaven Oaks

2008 Woodhaven DrFort Wayne, IN 46819
Corporate Housing
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Wildwood Place
1 Bedroom Apartments

Wildwood Place

3431 Portage BlvdFort Wayne, IN 46802
  • Utilities Included

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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2212 Nuttman Ave
1 to 2 Bedroom Apartments

2212 Nuttman Ave

2212 Nuttman AveFort Wayne, IN 46809
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2220 Nuttman Ave
2 Bedroom Apartments

2220 Nuttman Ave

2220 Nuttman AveFort Wayne, IN 46809
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Rockhill Manor
1 Bedroom Apartments

Rockhill Manor

1010 Rockhill StFort Wayne, IN 46802

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 1-50, Page 1 of 2

South Wayne, Fort Wayne, IN Local Guide

Cheapest Available South Wayne Apartments for Rent

 

The cheapest available apartment rental in the South Wayne area of Fort Wayne, IN is a Studio unit found at Fulton Manor - 922 Fulton (Flats) priced from $695. River Pointe Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable South Wayne apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Fulton Manor - 922 Fulton (Flats)0BR/1.0BAStudio,1BA$695
River Pointe TownhomesSpacious 1 Bedroom Flat1BR,1BA$725
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Three Rivers Apartmentss01b Rodeo DriveStudio,1BA$899
Graystone Landing1 bedroom/1 bathroom1BR,1BA$900
The ElexThe Pen-El1BR,1BA$1,002
St Joseph Apartments0BR/1.0BAStudio,1BA$1,055
CityScape FlatsHamilton - StudioStudio,1BA$1,235
Skyline Tower0/1Studio,1BA$1,300

Best Value Apartments for Rent in South Wayne, IN

As of June 21, 2026 the best value apartment in the South Wayne 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 South Wayne apartment is the Superior Model at Superior Lofts starting at $1,850 with a $1.61 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for South Wayne 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
Superior LoftsSuperior2BR,2BA$1.61
The HarrisonThe Anderson2BR,2BA$1.51
CityScape FlatsHamilton - StudioStudio ,1BA$1.84
River Pointe TownhomesSpacious 1 Bedroom Flat1BR,1BA$1.22
Graystone Landing1 bedroom/1 bathroom1BR,1BA$1.64
St Joseph Apartments0BR/1.0BAStudio ,1BA$1.92
Three Rivers Apartmentss01b Rodeo DriveStudio ,1BA$1.68
Jackson Manor ApartmentsOne Bedroom1BR,1BA$1.60
Fulton Manor - 922 Fulton (Flats)0BR/1.0BAStudio ,1BA$1.74

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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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 Wayne, Fort Wayne, IN

Ranked #88

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
South Wayne, Fort Wayne, IN

School data provided by Great Schools

Frequently Asked Questions about Cheap South Wayne Apartments

What is a cheap apartment in South Wayne?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Wayne is under $1,300.

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

The cheapest apartment in South Wayne is River Pointe Townhomes which is listed at $725, while the average apartment in South Wayne costs $11,450.

What types of apartments are the cheapest in South 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 35 regular apartments in South 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 Wayne?

Cheap apartments in South Wayne have an average cost of $236 which is $11,214 cheaper than the average rent for all rentals in South 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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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.