Cheap Homes for Rent in Fort Wayne, IN from $500 (47 Rentals)

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property at 2015 Vance Ave

2015 Vance Ave

Fort WayneIN46805
Showing Results 1-47, Page 1 of 1

Fort Wayne, IN Local Guide

Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 03/25/2025

Current apartment rentals in the Fort Wayne, IN area range in price from $550 to $4,950 with an overall median price of $1,768. The three Fort Wayne neighborhoods with the lowest median rent pricing are Fall Creek at $900, Reckeweg Road at $925, and Westwood Fairway at $925. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Fort Wayne Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Fall Creek$900$90019
Reckeweg Road$925$92518
Westwood Fairway$925$92518
Fairfield Terrace Belmont$950$95056
Indian Village$1,075$1,07541
Southwood Park$1,095$1,09542
Summer Meadows$1,200$1,20019
Villas of the Marketplace$1,287$1,20039
Greater McMillen Park$1,350$1,10086
East Side Community$1,395$6501739

Cheapest Available Fort Wayne Apartments for Rent

 

The cheapest available apartment rental in Fort Wayne, IN is a 3 Beds unit found at Yugo Fort Wayne Arch in the Northeast Fort Wayne neighborhood priced from $549. The Meridian in the Southeast Fort Wayne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Fort Wayne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Yugo Fort Wayne Arch3 Bed, 3 Bath Plus3BR,3BA$549
The MeridianStandard 1 BED | 1 BATH - SM Flat1BR,1BA$550
Villa Capri ApartmentsPrato1BR,1BA$589
Fulton Manor - Utilities IncludedStudioStudio,1BA$615
Shoaff Park VillasStudio, 1 bathStudio,1BA$645
Poplar Ridge ApartmentsFlat ApartmentStudio,1BA$650
Emerald Square Apartments & Villas1 Bedroom A1BR,1BA$675
The Huntington1 Bed, 1 bath1BR,1BA$685
Graystone ApartmentsGraystone Apartments1BR,1BA$690
Garrison Flats1 Bedroom1BR,1BA$695

Best Value Apartments for Rent in Fort Wayne, IN

As of March 26, 2025 the best value apartment in the Fort Wayne area is the $0.91 price per square foot 4060 Bradley Dr Model at 4060 Bradley Dr in the in the Northwest Fort Wayne neighborhood starting from $2,400. The second greatest value Fort Wayne apartment is the 2 Bed 2 Bath Model at Morada at Maysville starting at $1,799 with a $0.85 price per square foot in the North Fort Wayne neighborhood. Here is today’s list of the best values for Fort Wayne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4060 Bradley Dr4060 Bradley Dr5BR,3BA$0.91
Morada at Maysville2 Bed 2 Bath2BR,2BA$0.85
Evard Place - Solar PoweredTownhomes3BR,2.5BA$1.05
Coventry Court TownhomesCLA 3BR/2.5BA TH W/Patio3BR,2.5BA$0.93
CANTERBURY GREENRomeo & Juliet2BR,2BA$0.99
Fairview CourtTwo Bedroom Townhome2BR,1.5BA$0.93
Yugo Fort Wayne Arch2 Bed, 2 Bath Plus2BR,2BA$0.66
St Joe Place2x22BR,2BA$0.77
Villa Capri ApartmentsPrato1BR,1BA$0.81
Emerald Square Apartments & Villas1 Bedroom A1BR,1BA$1.04

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Frequently Asked Questions about Fort Wayne

What type of rentals are currently available in Fort Wayne?

There are currently 358 Apartments for Rent in Fort Wayne, IN with pricing that ranges from $525 to $4,863. There are also 159 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Wayne ranging from $550 to $4,950.

What is the current price range for Rental Homes in Fort Wayne?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fort Wayne ranges from $550 to $4,950 with an average monthly rent of $1,588.

How much are larger Three and Four Bedroom Rentals in Fort Wayne?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fort Wayne range from $539 to $4,863, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $2,500. Four Bedroom Single-Family rentals are also available starting from $999 and Four Bedroom Apartments start at $600.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.