
Cheap Homes for Rent near Leo, IN from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Leo.


534 South St

828 Forest Ave
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.

10915 Pine Mills Rd

225 Marcelle Dr

4221 Crofton Ct
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.

6304 Langwood Blvd
Leo, IN Local Guide

How much does it cost to rent a home in Leo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Leo 2 Bedroom Homes for Rent | $3,091 | $1,399 | $10,000+ |
| Leo 3 Bedroom Homes for Rent | $1,789 | $1,149 | $3,000 |
| Leo 4 Bedroom Homes for Rent | $2,324 | $1,900 | $2,900 |
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Leo, IN Local Guide
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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 $980. Here is today’s list of the most affordable Leo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fountain Lake Apartment Homes | Bellagio | 2BR,1BA | $964 |
| Canterbury Green | Folkstone 2Bed 1Bath 950sqft | 2BR,1BA | $980 |
| Woodview Manor Apartments | Picasso | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Leo, IN and Nearby
As of July 26, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 15004 Center St, Unit 15004 SR1 - loft | 15004 Center St | 3BR,2BA | $0.89 |
| Morada at Maysville | 2 Bed 2 Bath | 2BR,2BA | $0.87 |
| Evard Place - Solar Powered | Townhomes | 3BR,2.5BA | $1.05 |
| Huntertown Apartments | Two Bedroom | 2BR,1.5BA | $0.83 |
| Copper Creek Villas | Villa | 3BR,2.5BA | $1.30 |
| Canterbury Green | Prince Charles 2Bed 1.5Bath 1152sqft | 2BR,1.5BA | $1.12 |
| Emerald Pointe (55+ Senior Community) | Hawthorne | 2BR,1.5BA | $1.16 |
| Windsor Oaks | The Hickory | 2BR,1BA | $1.28 |
| Fountain Lake Apartment Homes | Buckingham | 2BR,1.5BA | $1.03 |
| St Joe Place | 2x2 | 2BR,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.
Read ArticleReal 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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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Leo
What type of rentals are currently available in Leo?
There are currently 43 Apartments for Rent in Leo, IN with pricing that ranges from $585 to $2,892. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Leo ranging from $1,149 to $16,800.
What is the current price range for Rental Homes in Leo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Leo ranges from $1,149 to $16,800 with an average monthly rent of $2,401.
How much are larger Three and Four Bedroom Rentals in Leo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Leo range from $1,330 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,149 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $585.
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

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.

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.

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.

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.