Cheap Apartments for Rent in the Southwest Neighborhood of Fort Wayne, IN from $400 (75 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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property at 1235 Huestis Ave

$825 - $925

1 To 2 Bedroom Rentals

Available Now

1235 Huestis Ave

Fort WayneIN46807

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 1823 Griswold Dr

$845 - $995

1 To 2 Bedroom Rentals

Available Now

1823 Griswold Dr

Fort WayneIN46805

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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property at 922 Pape Ave

$1,000 - $1,200

2 To 3 Bedroom Rentals

Available Now

922 Pape Ave

Fort WayneIN46808

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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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 2 Beds unit found at Woodhaven Oaks priced from $729. Waynedale Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $759. Here are the most affordable Southwest apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
Woodhaven OaksSalamoniee2BR,1BA$729
Waynedale Village ApartmentsOne Bed1BR,1BA$759
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$795
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
Willow Creek CrossingThe Pullman1BR,1BA$820
Time Corners Crossing1 Bedroom1BR,1BA$856
The Riv on the Greenway!1BR/1.0BA1BR,1BA$875

Best Value Apartments for Rent in Southwest, IN

As of March 13, 2026 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
Woodhaven OaksMaumee3BR,1.5BA$1.00
The Marlowe3bed2bath2BR,2BA$1.15
603 Huffman St, Unit 603 Huffman603 Huffman St2BR,1BA$0.88
2202 Brooklyn Ave, Unit Apt C2202 Brooklyn Ave2BR,1BA$0.87
Foster Park ApartmentsOpal1BR,1BA$1.16
Willow Creek CrossingThe Pullman1BR,1BA$1.21
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$1.17
Waynedale Village ApartmentsOne Bed1BR,1BA$1.17

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
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 $875.

What is the price of a cheap apartment in Southwest?

The cheapest apartment in Southwest is Waynedale Village Apartments which is listed at $759, while the average apartment in Southwest costs $12,409.

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 40 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 $277 which is $12,132 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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.