Cheap Homes for Rent in Fort Wayne, IN from $500 (49 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Fort Wayne.

property at 2015 Vance Ave

2015 Vance Ave

Fort WayneIN46805
Showing Results 1-49, Page 1 of 1

Fort Wayne, IN Local Guide

Cheapest Neighborhoods for Apartments in Fort Wayne, IN

Pricing Updated: 03/22/2025

Current apartment rentals in the Fort Wayne, IN area range in price from $550 to $4,950 with an overall median price of $1,777. The three Fort Wayne neighborhoods with the lowest median rent pricing are Fall Creek at $900, Fairfield Terrace Belmont at $950, and Rudisill Plaza at $1,000. 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
Fairfield Terrace Belmont$950$95056
Rudisill Plaza$1,000$1,00047
Indian Village$1,075$1,07540
Southwood Park$1,095$1,09541
Summer Meadows$1,200$1,20019
Harvester Community$1,247$6501066
Villas of the Marketplace$1,287$1,20039
East Side Community$1,295$6501819
Memorial Park$1,295$6501477

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
Woodhaven OaksEfficiency1BR,1BA$675
Emerald Square Apartments & Villas1 Bedroom A1BR,1BA$675
Graystone ApartmentsGraystone Apartments1BR,1BA$690
Garrison Flats1 Bedroom1BR,1BA$695

Best Value Apartments for Rent in Fort Wayne, IN

As of March 22, 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 - Utilities Included!Townhomes3BR,2.5BA$1.05
Coventry Court TownhomesCLA 3BR/2.5BA TH W/Patio3BR,2.5BA$0.93
4309 Silver Birch Cove4309 Silver Birch Cove3BR,2BA$1.08
Fairview CourtTwo Bedroom Townhome2BR,1.5BA$0.93
Woodhaven OaksWabash2BR,2BA$1.08
Yugo Fort Wayne Arch2 Bed, 2 Bath Plus2BR,2BA$0.66
Villa Capri ApartmentsPrato1BR,1BA$0.81
Emerald Square Apartments & Villas1 Bedroom A1BR,1BA$1.04

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Fort Wayne

What type of rentals are currently available in Fort Wayne?

There are currently 356 Apartments for Rent in Fort Wayne, IN with pricing that ranges from $525 to $4,863. There are also 165 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 $1,579.

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.