Cheap Apartments for Rent in the Southwest Neighborhood of Fort Wayne, IN from $400 (70 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southwest 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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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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property at 1823 Griswold Dr

1823 Griswold Dr

Fort WayneIN46805

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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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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property at 101 Three Rivers N

101 Three Rivers N

Fort WayneIN46802
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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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Foster Park Apartments
1 to 2 Bedroom Apartments

Foster Park Apartments

6440 Fairfield AveFort Wayne, IN 46807
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Regency House Apartments
Studio to 2 Bedroom Apartments

Regency House Apartments

2440 Fairfield AveFort Wayne, IN 46807
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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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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 $659. Fulton Manor has the second lowest priced unit, which is a Studio apartment currently listed from $665. Here are the most affordable Southwest apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Waynedale Village ApartmentsStudioStudio,1BA$659
Fulton Manor0BR/1.0BAStudio,1BA$665
Poplar Ridge ApartmentsFlat ApartmentStudio,1BA$679
The Elex - B1 Bedroom | 1 Bath1BR,1BA$704
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Hickory Creek Apartments1 Bedroom Flat1BR,1BA$779
Willow Creek CrossingThe Pullman1BR,1BA$785
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
Bluffton Park ApartmentsFire Up the Grill… and This Hot Move-In Offer!1BR,1BA$800
Sheridan Court1BR/1.0BA1BR,1BA$835

Best Value Apartments for Rent in Southwest, IN

As of December 10, 2025 the best value apartment in the Southwest 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 Southwest apartment is the CLA 3BR/2.5BA Townhome W/Patio Model at Coventry Court Townhomes starting at $1,399 with a $0.90 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.
701 runnion ave, Unit 703 Runnion701 runnion ave3BR,1.5BA$0.78
Coventry Court TownhomesCLA 3BR/2.5BA Townhome W/Patio3BR,2.5BA$0.90
Liberty Mills ApartmentsTwo Bedroom2BR,2BA$1.22
Fairview Court Apartments2 BR/1.5 BA2BR,1.5BA$0.95
Woodhaven OaksTippecanoe2BR,2BA$1.06
Autumn Creek Apartment Homes1B1B HYB1BR,1BA$1.29
The Elex - B1 Bedroom | 1 Bath1BR,1BA$1.02
Willow Creek CrossingThe Pullman1BR,1BA$1.15
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$1.29
Bluffton Park ApartmentsFire Up the Grill… and This Hot Move-In Offer!1BR,1BA$1.24

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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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, 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 the Cheapest Studio apartment in Southwest?

Currently the most affordable Cheap Studio Apartment in Southwest is at Waynedale Village Apartments listed at $659.

How much is rent for a Cheap One Bedroom Southwest Apartment?

The lowest price for a Cheap One Bedroom Southwest Apartment is $704 at The Elex - B.

What is the lowest price for a Cheap Two Bedroom Southwest Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southwest is starting from $837 at The Elex - B.

What is the most affordable Southwest Three Bedroom Apartment?

The best deal on a cheap Southwest Three Bedroom Apartment rental is at Hickory Creek Apartments and starts from $1,129.

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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.