Cheap Homes for Rent in the South Wayne Neighborhood of Fort Wayne, IN from $700 (29 Rentals)

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

property at 1240 Boone St

$825

1 Bedroom Rentals

Available Now

1240 Boone St

Fort WayneIN46808

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.

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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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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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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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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 $725. Nemoir Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $759. Here are the most affordable South Wayne apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
River Pointe TownhomesSpacious 1 Bedroom Flat1BR,1BA$725
Nemoir Manor ApartmentsOne Bedroom1BR,1BA$759
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$1,075

Best Value Apartments for Rent in South Wayne, IN

As of July 22, 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 238 E Suttenfield St Model at 238 E Suttenfield St, Unit 238 E Suttenfield St starting at $895 with a $0.81 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
238 E Suttenfield St, Unit 238 E Suttenfield St238 E Suttenfield St2BR,1BA$0.81
Skyline Tower2/22BR,2BA$1.76
Superior LoftsBerne1BR,1BA$1.65
River Pointe TownhomesSpacious 1 Bedroom Flat1BR,1BA$1.22
Graystone Landing1 bedroom/1 bathroom1BR,1BA$1.64
St Joseph Apartments0BR/1.0BAStudio ,1BA$1.95
Three Rivers Apartmentss01b Rodeo DriveStudio ,1BA$1.68
Jackson Manor ApartmentsOne Bedroom1BR,1BA$1.60
Nemoir Manor ApartmentsOne Bedroom1BR,1BA$1.60

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 Wayne, Fort Wayne, IN

Ranked #133

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

Pet Friendliness Lifestyle Score

3.5
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 South Wayne

What type of rentals are currently available in South Wayne?

There are currently 120 Apartments for Rent in South Wayne, IN with pricing that ranges from $650 to $5,672. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Wayne ranging from $675 to $1,800.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Wayne ranges from $675 to $1,800 with an average monthly rent of $1,237.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Wayne range from $900 to $5,672, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $1,600. Four Bedroom Single-Family rentals are also available starting from $1,025 and Four Bedroom Apartments start at $1,249.

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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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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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.

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.