Cheap Apartments for Rent in the Southwest Neighborhood of Fort Wayne, IN from $400 (69 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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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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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 1312 Union St

1312 Union St

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
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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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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 $422. Poplar Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable Southwest apartments for rent in Fort Wayne, IN:

Apartment ListingModel NameBed/BathPriced From
The Elex1 Bed, 1 bath1BR,1BA$422
Poplar Ridge ApartmentsFlat ApartmentStudio,1BA$650
Waynedale Village ApartmentsStudioStudio,1BA$659
Hickory Creek1 Bedroom Flat1BR,1BA$775
Rockhill Manor1x11BR,1BA$795
Three Rivers Apartmentss01a - Saint IveStudio,1BA$799
Bluffton Park ApartmentsSpecial Offer with signed lease ONE MONTH FREE!!1BR,1BA$800
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
Colony Bay Apartments,LLC1 bedroom2BR,2BA$900

Best Value Apartments for Rent in Southwest, IN

As of June 19, 2025 the best value apartment in the Southwest area is the $0.93 price per square foot CLA 3BR/2.5BA TH W/Patio Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,450. The second greatest value Southwest apartment is the 3 Bedroom Model at Homestead Townhomes starting at $1,799 with a $1.20 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.
Coventry Court TownhomesCLA 3BR/2.5BA TH W/Patio3BR,2.5BA$0.93
Homestead Townhomes3 Bedroom3BR,2.5BA$1.20
Becklow PlaceTownhome C2BR,2.5BA$1.31
Fairview CourtTwo Bedroom Townhome2BR,1.5BA$0.93
Coventry Court WestCoventry Court West- 2 Bed/2 Bath2BR,2BA$1.13
Autumn Creek Apartment Homes2B2B-UPG2BR,2BA$1.24
The Elex1 Bed, 1 bath1BR,1BA$0.58
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$1.14
Bluffton Park ApartmentsSpecial Offer with signed lease ONE MONTH FREE!!1BR,1BA$1.24
Hickory Creek1 Bedroom Flat1BR,1BA$1.35

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 neighborhoods in Fort Wayne, IN 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 Poplar Ridge Apartments listed at $650.

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

The lowest price for a Cheap One Bedroom Southwest Apartment is $422 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 $513 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 Hickory Creek and starts from $1,125.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.