Cheap Apartments for Rent in the Southwest Neighborhood of Fort Wayne, IN from $400 (90 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 1512 Taylor St

$795 - $850

1 Bedroom Rentals

Available Now

1512 Taylor St

Fort WayneIN46802
property at 1823 Griswold Dr

$875 - $995

1 To 2 Bedroom Rentals

Available Now

1823 Griswold Dr

Fort WayneIN46805

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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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 Elex
Rent Specials
$1,002 - $3,066
Total Monthly Price

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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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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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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Regency House Apartments
Studio to 2 Bedroom Apartments

Regency House Apartments

2440 Fairfield AveFort Wayne, IN 46807
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Randall Lofts
1 to 2 Bedroom Apartments

Randall Lofts

616 S Harrison StFort Wayne, IN 46802
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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
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Chase Manor Apartments
1 to 2 Bedroom Apartments

Chase Manor Apartments

641-649 Tennessee AveFort Wayne, IN 46805
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530 W Berry St
Studio to 1 Bedroom Apartments

530 W Berry St

530 W Berry StFort Wayne, IN 46802
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7409 Bradbury Ave
1 to 2 Bedroom Apartments

7409 Bradbury Ave

7409 Bradbury AveFort Wayne, IN 46809

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

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 Fulton Manor priced from $635. 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
Fulton Manor0BR/1.0BAStudio,1BA$635
Waynedale Village ApartmentsOne Bed1BR,1BA$759
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Willow Creek CrossingThe Pullman1BR,1BA$820
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$825
The Riv on the Greenway!1BR/1.0BA1BR,1BA$845
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$895
Three Rivers Apartmentss01b Rodeo DriveStudio,1BA$899
Hickory Creek2 bd 1 ba Classic Flat2BR,1BA$929
Coventry Court TownhomesCCT 2 BR/1 BA Townhome2BR,1BA$949

Best Value Apartments for Rent in Southwest, IN

As of June 11, 2026 the best value apartment in the Southwest area is the $1.16 price per square foot Townhome Model at Anam Villas in the in the Southwest Fort Wayne neighborhood starting from $2,395. The second greatest value Southwest apartment is the 701 runnion ave Model at 701 runnion ave, Unit 703 Runnion starting at $1,250 with a $0.78 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$1.16
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
1312 Park Ave, Unit #11312 Park Ave2BR,1BA$0.80
Time Corners Crossing3 Bedroom3BR,1BA$1.27
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
Fairview Court Apartments2x1.5 Down Classic2BR,1.5BA$1.03
Autumn Creek Apartment Homes2B2B-HYB2BR,2BA$1.10
Waynedale Village ApartmentsTwo Bed2BR,1BA$1.05
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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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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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 $949.

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 $11,662.

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 32 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 $244 which is $11,418 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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.