Cheap Apartments for Rent near Preble, IN from $500 (56 Rentals)

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

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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The Elex
$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
Pet Friendly
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Garrison Flats
Studio to 1 Bedroom Apartments

Garrison Flats

733 W Wayne StFort Wayne, IN 46802
  • Utilities Included
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Woodhaven Oaks
1 to 3 Bedroom Apartments

Woodhaven Oaks

2008 Woodhaven DrFort Wayne, IN 46819
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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Rockhill Manor
1 Bedroom Apartments

Rockhill Manor

1010 Rockhill StFort Wayne, IN 46802

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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Jefferson Place Villas
1 to 2 Bedroom Apartments

Jefferson Place Villas

720 Countryside DrOssian, IN 46777
  • Utilities Included

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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Preble, IN Local Guide

Cheapest Available Preble Apartments for Rent and Nearby

 

The cheapest available apartment rental in Preble, IN is a 1 Bed unit found at Villa Capri Apartments in the Continential Park neighborhood priced from $620. The Meridian (Waterloo Gardens) in the Southeast Fort Wayne neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here is today’s list of the most affordable Preble apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$620
The Meridian (Waterloo Gardens)Standard 1 BED | 1 BATH - SM Flat2BR,1BA$650
PINE GROVE APARTMENTS1 BED 1 BATH1BR,1BA$691
River Pointe TownhomesSpacious 1 Bedroom Flat1BR,1BA$725
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
Woodlynn ApartmentsWoodlynn Apartments2BR,1BA$750
Emerald Square Villas2x1 Classic PV2BR,1BA$759
Jackson Manor ApartmentsOne Bedroom1BR,1BA$765
Waynedale Village ApartmentsOne Bed1BR,1BA$789
Hickory Creek Apartments1 bd 1 ba Classic Flat1BR,1BA$799

Best Value Apartments for Rent in Preble, IN and Nearby

As of July 29, 2026 the best value apartment in the Preble area is the $1.21 price per square foot 4 Bedroom | Renovated Model at The Village at Wayne Trace Homes in the in the Southeast Fort Wayne neighborhood starting from $2,184. The second greatest value Preble apartment is the CLA 3BR/2.5BA Townhome Model at Coventry Court Townhomes starting at $1,379 with a $0.84 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Preble apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Village at Wayne Trace Homes4 Bedroom | Renovated4BR,2BA$1.21
Coventry Court TownhomesCLA 3BR/2.5BA Townhome3BR,2.5BA$0.84
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
Cardinal Creek Crossing Apartments2BD/1BA2BR,1BA$0.99
Fairview Court Apartments2x1.5 Down Reno2BR,1.5BA$1.19
Emerald Square Villas2x1 Reno2BR,1BA$0.92
Woodlynn ApartmentsWoodlynn Apartments2BR,1BA$0.92
Waynedale Village ApartmentsTwo Bed2BR,1BA$1.16
Villa Capri ApartmentsPrato1BR,1BA$0.86
PINE GROVE APARTMENTS1 BED 1 BATH1BR,1BA$1.03

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

Explore Preble, IN Rentals by Map

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Frequently Asked Questions about Cheap Preble Apartments

What is the Cheapest Studio apartment in Preble?

Currently the most affordable Cheap Studio Apartment in Preble is at Adam & Bruce Senior Housing Apartments listed at $742.

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

The lowest price for a Cheap One Bedroom Preble Apartment is $620 at Villa Capri Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Preble is starting from $650 at The Meridian (Waterloo Gardens).

What is the most affordable Preble Three Bedroom Apartment?

The best deal on a cheap Preble Three Bedroom Apartment rental is at Villa Capri Apartments and starts from $946.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.