Cheap Apartments for Rent in the Southwest Neighborhood of Fort Wayne, IN from $406 (109 Rentals)

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

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property at 812 Walnut St
$875 - $1,050
1 To 2 Bedroom Rentals
Available Sep 18
Affordability

812 Walnut St

Fort WayneIN46802

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The Elex
$1,002 - $3,066

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
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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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Southwest, Fort Wayne, IN Local Guide

Cheapest Available Southwest Apartments for Rent

 

The cheapest available apartment rental in the Southwest area of Fort Wayne, IN is a Studio unit found at Waynedale Village Apartments priced from $689. Rockhill Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here are the most affordable Southwest apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Waynedale Village ApartmentsStudioStudio,1BA$689
Rockhill Manor1BR/1.0BA1BR,1BA$765
Poplar Ridge ApartmentsStudio UpgradeStudio,1BA$769
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$770
601 W Wayne St1BR/1.0BA1BR,1BA$799
7409 Bradbury Ave1BR/1.0BA1BR,1BA$799
Willow Creek CrossingThe Pullman1BR,1BA$820
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
Time Corners Crossing1 Bedroom1BR,1BA$856
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$895

Best Value Apartments for Rent in Southwest, IN

As of September 11, 2026 the best value apartment in the Southwest area is the $0.87 price per square foot Townhome Model at Anam Villas in the in the Southwest Fort Wayne neighborhood starting from $1,795. The second greatest value Southwest 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 apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Anam VillasTownhome3BR,2.5BA$0.87
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
Colony Bay Apartments,LLC1 bedroom2BR,2BA$1.22
817 W Wayne St, Unit 817 W Wayne- Unit 1817 W Wayne St1BR,1BA$1.18
Willow Creek CrossingThe Pullman1BR,1BA$1.21

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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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, 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, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Fort Wayne. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Southwest Apartments

What is a cheap apartment in Southwest?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwest is under $895.

What is the price of a cheap apartment in Southwest?

The cheapest apartment in Southwest is Rockhill Manor which is listed at $765, while the average apartment in Southwest costs $1,577.

What types of apartments are the cheapest in Southwest?

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 Southwest 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 Southwest?

Cheap apartments in Southwest have an average cost of $129 which is $1,448 cheaper than the average rent for all rentals in Southwest.

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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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.

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.