Cheap Apartments for Rent near Leo, IN from $625 (37 Rentals)

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Montrose Square
$702 - $1,547

Total Monthly Price

Base Rent$702 - $1,547
Total Monthly Price$702 - $1,547
Studio to 2 Bedroom Apartments Available Soon

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
Affordability
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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Black Hawk Apartments
1 to 3 Bedroom Apartments

Black Hawk Apartments

3010 Simcoe DrFort Wayne, IN 46815
Corporate Housing

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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Island Club
1 to 2 Bedroom Apartments

Island Club

2302 E Wallen RdFort Wayne, IN 46825

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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Showing Results 1-37, 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 1 Bed unit found at Shoaff Park Villas in the Northeast Fort Wayne neighborhood priced from $795. Fountain Lake Apartment Homes in the Northeast Fort Wayne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here is today’s list of the most affordable Leo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shoaff Park Villas1 Bed, 1 bath1BR,1BA$795
Fountain Lake Apartment HomesVersailles1BR,1BA$815
Canterbury GreenRheims 2Bed 2Bath 1030sqft2BR,2BA$1,030
Black Hawk ApartmentsAutumn with W/D Connection1BR,1BA$1,120
Northcrest Garden Apartments1x1.5 w/ Den Upgrade (downstairs only)1BR,1BA$1,139
Avalon at Northbrook Apartments and TownhomesOne Bedroom1BR,1BA$1,175
Woodview Manor ApartmentsMonet2BR,1BA$1,200
Homestead Village Fort Wayne - Active Living 55+The Audrey1BR,1BA$1,200
Woodbridge ApartmentsAsh1BR,1BA$1,204
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1BA$1,225

Best Value Apartments for Rent in Leo, IN and Nearby

As of September 14, 2026 the best value apartment in the Leo area is the $0.83 price per square foot Townhouse Model at Huntertown Apartments in the in the Outer Northside neighborhood starting from $1,250. The second greatest value Leo apartment is the Villas for Rent by Captial Property Management Model at Copper Creek Villas 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 ApartmentsTownhouse2BR,1.5BA$0.83
Copper Creek VillasVillas for Rent by Captial Property Management3BR,2.5BA$1.30
Windsor OaksThe Walnut2BR,2BA$1.12
Evard Place - Solar Powered2 Bedroom 2 Bath2BR,2BA$1.33
Island ClubGrand Bahamas2BR,2BA$1.27
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1.5BA$1.16
Reserve at Dawson's CreekThe Primrose - Premium2BR,2BA$1.35
St Joe Place2x22BR,2BA$0.89
Fountain Lake Apartment HomesVersailles1BR,1BA$1.13
Shoaff Park Villas1 Bed, 1 bath1BR,1BA$1.33

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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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Leo Apartments

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

The lowest price for a Cheap One Bedroom Leo Apartment is $795 at Shoaff Park Villas.

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 $925 at Shoaff Park Villas.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.