Cheap Apartments for Rent near Leo, IN from $500 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in Leo.

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Montrose Square
$702 - $1,547
Total Monthly Price

Total Monthly Price

Base Rent
$702 - $1,547
Total Monthly Price
$702 - $1,547
Studio to 2 Bedroom Apartments Contact Us For Availability

Montrose Square

6531 Emmons DrFort Wayne, IN 46835
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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Gateway Apartments
Rent Specials
$1,425 - $1,925
Total Monthly Price

Total Monthly Price

Base Rent
$1,425 - $1,925
Total Monthly Price
$1,425 - $1,925
1 to 3 Bedroom Apartments Available Now

Gateway Apartments

9114 Parent RdNew Haven, IN 46774
Furnished
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  • Customer Reviewed
  • Utilities Included
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Bluestone Community
Rent Specials
$1,450 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $1,700
Total Monthly Price
$1,450 - $1,700
2 to 3 Bedroom Apartments Available Now

Bluestone Community

9250 Earlmont DrFort Wayne, IN 46835
Student Living
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  • Utilities Included
  • 3D Tour

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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Black Hawk Apartments
1 to 3 Bedroom Apartments

Black Hawk Apartments

3010 Simcoe DrFort Wayne, IN 46815
Corporate Housing
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Island Club
1 to 2 Bedroom Apartments

Island Club

2302 E Wallen RdFort Wayne, IN 46825
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41 North Senior Living
1 to 2 Bedroom Apartments

41 North Senior Living

5532 Dayspring PathFort Wayne, IN 46835
Senior Living
  • Utilities Included
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7819 Stellhorn Rd
2 Bedroom Apartments

7819 Stellhorn Rd

7807-7823 Stellhorn RdFort Wayne, IN 46815

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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10095 Bluffs Cor
2 to 3 Bedroom Apartments

10095 Bluffs Cor

10095 Bluffs CorFort Wayne, IN 46825
Showing Results 1-39, 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 2 Beds unit found at Fountain Lake Apartment Homes in the Northeast Fort Wayne neighborhood priced from $964. Canterbury Green in the Northeast Fort Wayne neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $985. Here is today’s list of the most affordable Leo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fountain Lake Apartment HomesBellagio2BR,1BA$964
Canterbury GreenFolkstone 2Bed 1Bath 950sqft2BR,1BA$985
Woodbridge ApartmentsAcadia1BR,1BA$1,070
Black Hawk ApartmentsAutumn1BR,1BA$1,120
Dupont Lakes ApartmentsOne Bedroom1BR,1BA$1,153
Woodview Manor ApartmentsMonet2BR,1BA$1,200
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1BA$1,225
Huntertown ApartmentsTwo Bedroom2BR,1BA$1,250
Homestead Village Fort Wayne - Active Living 55+The Audrey1BR,1BA$1,265
Avalon at Northbrook Apartments and TownhomesOne Bedroom w/Den1BR,1BA$1,265

Best Value Apartments for Rent in Leo, IN and Nearby

As of July 31, 2026 the best value apartment in the Leo area is the $0.89 price per square foot 15004 Center St Model at 15004 Center St, Unit 15004 SR1 - loft in the in the Outer Northside neighborhood starting from $2,500. The second greatest value Leo apartment is the 2 Bed 2 Bath Model at Morada at Maysville starting at $1,834 with a $0.87 price per square foot in the North Fort Wayne 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.
15004 Center St, Unit 15004 SR1 - loft15004 Center St3BR,2BA$0.89
Morada at Maysville2 Bed 2 Bath2BR,2BA$0.87
Huntertown ApartmentsTwo Bedroom2BR,1.5BA$0.83
Copper Creek VillasVillas for Rent by Captial Property Management3BR,2.5BA$1.30
Island ClubGrand Bahamas2BR,2BA$1.38
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1.5BA$1.16
Windsor OaksThe Hickory2BR,1BA$1.28
Fountain Lake Apartment HomesBuckingham2BR,1.5BA$1.03
Canterbury GreenBlack Prince 1Bed 1Bath 852sqft1BR,1BA$1.21
St Joe Place2x22BR,2BA$0.80

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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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 $1,035 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 Black Hawk Apartments and starts from $1,561.

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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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.