Cheap Homes for Rent in the Southwest Fort Wayne Neighborhood of Fort Wayne, IN from $700 (17 Rentals)

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Search the lowest-cost Homes available for rent right now in the Southwest Fort 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 1240 Boone St

$825

1 Bedroom Rentals

Available Now

1240 Boone St

Fort WayneIN46808

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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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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property at 2323 Fox Ave

$1,200

3 Bedroom Rentals

Available Now

2323 Fox Ave

Fort WayneIN46807
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Southwest Fort Wayne, Fort Wayne, IN Local Guide

Cheapest Available Southwest Fort Wayne Apartments for Rent

 

The cheapest available apartment rental in the Southwest Fort Wayne area of Fort Wayne, IN is a Studio unit found at Fulton Manor - 922 Fulton (Flats) priced from $665. Waynedale Village Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $689. Here are the most affordable Southwest Fort Wayne apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Fulton Manor - 922 Fulton (Flats)0BR/1.0BAStudio,1BA$665
Waynedale Village ApartmentsStudioStudio,1BA$689
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Hickory Creek Apartments1 bd 1 ba Classic Flat1BR,1BA$799
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845

Best Value Apartments for Rent in Southwest Fort Wayne, IN

As of July 14, 2026 the best value apartment in the Southwest Fort Wayne area is the $0.97 price per square foot Townhome Model at Anam Villas in the in the Southwest Fort Wayne neighborhood starting from $1,995. The second greatest value Southwest Fort Wayne apartment is the CLA 3BR/2.5BA Townhome Model at Coventry Court Townhomes starting at $1,379 with a $0.84 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Southwest Fort Wayne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Anam VillasTownhome3BR,2.5BA$0.97
Coventry Court TownhomesCLA 3BR/2.5BA Townhome3BR,2.5BA$0.84
701 runnion ave, Unit 703 Runnion701 runnion ave3BR,1.5BA$0.78
Homestead Townhomes3 Bedroom3BR,2.5BA$1.20
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
Fairview Court Apartments2x1.5 Down Reno2BR,1.5BA$1.19
Autumn Creek Apartment Homes2B2B-HYB2BR,2BA$1.10
Hunt ClubChesterfield Cup - Classic/Upgrade Units1BR,1BA$1.31
Time Corners Crossing1 Bedroom1BR,1BA$1.25
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$1.32

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
Southwest Fort Wayne, Fort Wayne, IN

Ranked #3

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Southwest Fort Wayne, Fort Wayne, IN

School data provided by Great Schools

Frequently Asked Questions about Southwest Fort Wayne

What type of rentals are currently available in Southwest Fort Wayne?

There are currently 164 Apartments for Rent in Southwest Fort Wayne, IN with pricing that ranges from $650 to $12,033. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Fort Wayne ranging from $700 to $3,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southwest Fort Wayne ranges from $700 to $3,000 with an average monthly rent of $1,432.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southwest Fort Wayne range from $1,150 to $5,810, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,099 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,699.

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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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.

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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.

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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.