Cheap Homes for Rent in South Wayne Neighborhood of Fort Wayne, IN from $500 (28 Rentals)

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

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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property at 1030 Lake Ave

$825

2 Bedroom Rentals

Available Now

1030 Lake Ave

Fort WayneIN46805

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 $699. The Elex - B has the second lowest priced unit, which is a 1 Bed apartment currently listed from $704. Here are the most affordable South Wayne apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$699
The Elex - B1 Bedroom | 1 Bath1BR,1BA$704
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
Sheridan Court1BR/1.0BA1BR,1BA$835
Graystone LandingCentre 1 bed/1bath1BR,1BA$900
Woodhaven OaksMississinewa2BR,1BA$935
Superior LoftsCharles1BR,1BA$1,300
The HarrisonThe Anderson2BR,2BA$1,500

Best Value Apartments for Rent in South Wayne, IN

As of December 31, 2025 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 The Anderson Model at The Harrison starting at $1,500 with a $1.51 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
The HarrisonThe Anderson2BR,2BA$1.51
Woodhaven OaksTippecanoe2BR,2BA$1.06
Skyline Tower2/22BR,2BA$1.79
Superior LoftsCharles1BR,1BA$1.69
The Elex - B1 Bedroom | 1 Bath1BR,1BA$1.02
Sheridan Court1BR/1.0BA1BR,1BA$1.33
River Pointe TownhomesCozy Corner! Your Perfect 1 Bedroom Apartment!!...1BR,1BA$1.18
Graystone LandingWest End 1 bed/1 bath1BR,1BA$1.73
Jackson 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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #115

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

Pet Friendliness Lifestyle Score

2.5
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 124 Apartments for Rent in South Wayne, IN with pricing that ranges from $545 to $4,963. There are also 95 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Wayne ranging from $599 to $2,550.

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 $599 to $2,550 with an average monthly rent of $1,094.

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 $849 to $4,963, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,099.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!