Cheap Apartments for Rent in the Southwest Neighborhood of Fort Wayne, IN from $400 (73 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

$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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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 1 Bed unit found at The Elex priced from $704. Colony Bay Apartments,LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Southwest apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
The ElexThe Rose1BR,1BA$704
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$725
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
Willow Creek CrossingThe Pullman1BR,1BA$820
Sheridan Court1BR/1.0BA1BR,1BA$835
Poplar Ridge Apartments1x1 Classic1BR,1BA$839
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$895

Best Value Apartments for Rent in Southwest, IN

As of January 15, 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
Fairview Court Apartments2x1.5 Townhome Upgrade2BR,1.5BA$0.98
1312 Park Ave, Unit #21312 Park Ave2BR,1BA$0.76
Woodhaven OaksTippecanoe2BR,2BA$1.06
Autumn Creek Apartment Homes1B1B HYB1BR,1BA$1.29
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$1.31
Willow Creek CrossingThe Pullman1BR,1BA$1.21
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$1.07
Poplar Ridge Apartments1x1 Classic1BR,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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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 #6

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

Pet Friendliness Lifestyle Score

3.5
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 Three Rivers Apartments listed at $799.

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.

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.

What is the most affordable Southwest Three Bedroom Apartment?

The best deal on a cheap Southwest Three Bedroom Apartment rental is at Coventry Court Townhomes and starts from $1,199.

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

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.

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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!