Cheap Apartments for Rent in the South Wayne Neighborhood of Fort Wayne, IN from $425 (78 Rentals)

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

property at 729 Columbia Ave
$725
1 Bedroom Rentals
Available Now
Affordability

729 Columbia Ave

Fort WayneIN46805

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.

property at 357 French Ave
$900 - $1,150
2 To 3 Bedroom Rentals
Available Sep 30
Cost Per Sq.Ft.

357 French Ave

Fort WayneIN46807
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815 W Wayne St
$1,000 - $1,200

Total Monthly Price

Base Rent$1,000 - $1,200

Total Monthly Price$1,000 - $1,200
1 to 2 Bedroom Apartment Available Nov 1

815 W Wayne St

815 W Wayne StFort Wayne, IN 46802
Affordability

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.

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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
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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
  • Utilities Included
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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
  • Smoke Free
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Indian Village Manor
1 to 3 Bedroom Apartments

Indian Village Manor

2121 Engle RdFort Wayne, IN 46809
  • Utilities Included

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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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
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2212 Nuttman Ave
1 to 2 Bedroom Apartments

2212 Nuttman Ave

2212 Nuttman AveFort Wayne, IN 46809
  • Utilities Included
  • Smoke Free
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2220 Nuttman Ave
2 Bedroom Apartments

2220 Nuttman Ave

2220 Nuttman AveFort Wayne, IN 46809
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1201 Saint Marys
1 to 2 Bedroom Apartments

1201 Saint Marys

1201 Saint MarysFort Wayne, IN 46808

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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Rockhill Manor
1 Bedroom Apartments

Rockhill Manor

1010 Rockhill StFort Wayne, IN 46802
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601 W Wayne St
1 Bedroom Apartments

601 W Wayne St

601 W Wayne StFort Wayne, IN 46802
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Villages of Hanna
1 to 3 Bedroom Apartments

Villages of Hanna

2201 Reed StFort Wayne, IN 46803
  • Utilities Included
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Indian Village Apartments
2 Bedroom Apartments

Indian Village Apartments

4250 Kekionga DrFort Wayne, IN 46809
Senior Living
  • Utilities Included

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 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 1 Bed unit found at River Pointe Townhomes priced from $750. Rockhill Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here are the most affordable South Wayne apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
River Pointe Townhomes1 Flat1BR, 1BA$750
Rockhill Manor1BR/1.0BA1BR, 1BA$765
1230 Delta Boulevard1BR/1.0BA1BR, 1BA$795
601 W Wayne St1BR/1.0BA1BR, 1BA$799
Three Rivers Apartmentss01b Rodeo DriveStudio, 1BA$899
St Joseph Apartments0BR/1.0BAStudio, 1BA$1,085
Skyline Tower0/1Studio, 1BA$1,300

Best Value Apartments for Rent in South Wayne, IN

As of September 22, 2026 the best value apartment in the South Wayne area is the $0.42 price per square foot 2145 Ontario St Model at 2145 Ontario St, Unit 2147 Ontario Street in the Southwest Fort Wayne neighborhood starting from $800. The second greatest value South Wayne apartment is the 701 runnion ave Model at 701 runnion ave, Unit 703 Runnion in the Southwest Fort Wayne neighborhood starting at $1,250 with a $0.78 price per square foot. 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.
2145 Ontario St, Unit 2147 Ontario Street2145 Ontario St1BR, 1BA$0.42
701 runnion ave, Unit 703 Runnion701 runnion ave3BR, 1.5BA$0.78
Riverfront at Promenade ParkB2L LG GLa 1185sf 2/22BR, 2BA$2.13
Cityscape Flats2 Bed 2 Bath The Foster (2B2B1133)2BR, 2BA$1.59
Superior LoftsBerne1BR, 1BA$1.67
River Pointe Townhomes1 Flat1BR, 1BA$1.27
St Joseph Apartments0BR/1.0BAStudio, 1BA$1.97
Three Rivers Apartmentss01b Rodeo DriveStudio, 1BA$1.68
Rockhill Manor1BR/1.0BA1BR, 1BA$1.53
1230 Delta Boulevard1BR/1.0BA1BR, 1BA$1.99

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Wayne, Fort Wayne, IN

Ranked #86

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $750, while the average apartment in South Wayne costs $1,636.

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 22 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 $219 which is $1,417 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 Rent According to Income: A Look at Income-Restricted Rentals   article

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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.