Cheap Apartments for Rent in Leo, IN from $500 (28 Rentals)

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Montrose Square
$600 - $1,547
Total Monthly Price

Total Monthly Price

Base Rent
$600 - $1,547
Total Monthly Price
$600 - $1,547
Studio to 2 Bedroom Apartments Contact Us For Availability

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
Affordability
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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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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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Black Hawk Apartments
1 to 3 Bedroom Apartments

Black Hawk Apartments

3010 Simcoe DrFort Wayne, IN 46815
Corporate Housing

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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Showing Results 1-28, Page 1 of 1

Leo, IN Local Guide

Cheapest Available Leo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Leo, IN is a Studio unit found at Fountain Lake Apartment Homes in the Northeast Fort Wayne neighborhood priced from $780. Graystone Apartments in the Northeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here is today’s list of the most affordable Leo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fountain Lake Apartment HomesTreviStudio,1BA$780
Graystone ApartmentsGraystone Apartments 1bed studioStudio,1BA$790
Wallen Hills ApartmentsIvywoodStudio,1BA$833
Canterbury GreenWestgate 1Bed 1Bath 728sqft1BR,1BA$970
Black Hawk ApartmentsAutumn1BR,1BA$999
Woodview Manor ApartmentsPicasso1BR,1BA$1,050
Windsor OaksThe Cedar1BR,1BA$1,150
Homestead Village Fort Wayne - Active Living 55+The Audrey1BR,1BA$1,200
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1BA$1,225
Steeplechase at ParkviewSaratoga1BR,1BA$1,236

Best Value Apartments for Rent in Leo, IN and Nearby

As of May 01, 2026 the best value apartment in the Leo area is the $1.13 price per square foot Two Bedroom Model at Huntertown Apartments in the in the Outer Northside neighborhood starting from $1,695. The second greatest value Leo apartment is the Villa Model at Villas for Rent by Capital Property Management, LLC starting at $1,895 with a $1.30 price per square foot in the Pine Valley neighborhood. Here is today’s list of the best values for Leo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$1.13
Villas for Rent by Capital Property Management, LLCVilla3BR,2.5BA$1.30
Redwood Fort Wayne Wallen RoadForestwood2BR,2BA$1.37
Redwood Fort Wayne Maplecrest RoadForestwood2BR,2BA$1.43
Evard Place - Solar Powered2 Bedroom 2 Bath2BR,2BA$1.25
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1.5BA$1.16
Windsor OaksThe Hickory2BR,1BA$1.28
BONTERRA APARTMENTSCharbono2BR,1BA$1.40
Reserve at Dawson's CreekThe Primrose - Premium2BR,2BA$1.41
St Joe Place2x22BR,2BA$0.80

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Frequently Asked Questions about Cheap Leo Apartments

What is the Cheapest Studio apartment in Leo?

Currently the most affordable Cheap Studio Apartment in Leo is at Fountain Lake Apartment Homes listed at $780.

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

The lowest price for a Cheap One Bedroom Leo Apartment is $970 at Canterbury Green.

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

Today's best deal for a Cheap Two Bedroom Apartment in Leo is starting from $964 at Fountain Lake Apartment Homes.

What is the most affordable Leo Three Bedroom Apartment?

The best deal on a cheap Leo Three Bedroom Apartment rental is at Woodview Manor Apartments and starts from $1,575.

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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.