Cheap Homes for Rent in Wawaka, IN from $300 (13 Rentals)

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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.

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.

Wawaka, IN Local Guide

Cheapest Available Wawaka Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wawaka, IN is a 2 Beds unit found at Historic Blue Bell Lofts priced from $498. Drake Terrace III has the second lowest priced unit, which is a 2 Beds apartment currently listed from $741. Here is today’s list of the most affordable Wawaka apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$498
Drake Terrace III2 Bedroom2BR,1BA$741
Courts of Colfax ApartmentsWinonaStudio,1BA$750
CedarwoodOne Bedroom1BR,1BA$900
North Ridge Apartments1 Bedroom1BR,1BA$911

Best Value Apartments for Rent in Wawaka, IN and Nearby

As of May 31, 2026 the best value apartment in the Wawaka area is the $0.82 price per square foot 3THB Model at Eagle Landing Apartment Homes in the in the Northwest Fort Wayne neighborhood starting from $1,586. The second greatest value Wawaka apartment is the Two Bedroom Model at Huntertown Apartments starting at $1,695 with a $1.13 price per square foot in the Outer Northside neighborhood. Here is today’s list of the best values for Wawaka apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Landing Apartment Homes3THB3BR,1.5BA$0.82
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$1.13
Villas for Rent by Capital Property Management, LLCVilla3BR,2.5BA$1.30
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$0.36
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.07
GOLFVIEWTwo Bedroom2BR,2BA$1.01
Stoughton Estates ApartmentsTwo Bedroom2BR,1BA$1.24
Lakeland Villa Apartments***WAIT LIST APPLICATION***2BR,2BA$1.30
Drake Terrace III2 Bedroom2BR,1BA$0.99
Courts of Colfax ApartmentsWinonaStudio ,1BA$1.24

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!

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Frequently Asked Questions about Wawaka

What type of rentals are currently available in Wawaka?

There are currently 45 Apartments for Rent in Wawaka, IN with pricing that ranges from $418 to $2,645. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wawaka ranging from $295 to $4,000.

What is the current price range for Rental Homes in Wawaka?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wawaka ranges from $295 to $4,000 with an average monthly rent of $1,801.

How much are larger Three and Four Bedroom Rentals in Wawaka?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wawaka range from $776 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,300. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $2,645.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.

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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.

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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.