10 Cheap Apartments for rent in Fort Wayne, IN

Last updated September 21 at 1:17PM
3422 Lillie
Oxford
Fort Wayne, IN
Updated September 21 at 11:56AM
2 Bedrooms
$499
4005 Holton Ave
Pettit-Rudisill
Fort Wayne, IN
Updated August 29 at 10:08AM
2 Bedrooms
$485
4504 Oliver st
Pettit-Rudisill
Fort Wayne, IN
Updated September 16 at 10:18AM
2 Bedrooms
$499
1662 W Fourth Street
Hamilton
Fort Wayne, IN
Updated August 31 at 2:51AM
2 Bedrooms
$475
3714 Gaywood Dr- SOLD 8/18/16
Oxford
Fort Wayne, IN
Updated September 21 at 1:17PM
2 Bedrooms
$450
4917 Webster St
Fairfield Terrace-Belmont
Fort Wayne, IN
Updated September 8 at 10:51AM
2 Bedrooms
$475
4017 Holton Ave
Pettit-Rudisill
Fort Wayne, IN
Updated August 26 at 9:55AM
2 Bedrooms
$400
1123 Rumsey
Nebraska
Fort Wayne, IN
Updated September 15 at 9:04AM
2 Bedrooms
$475
1107 Summit
East Central
Fort Wayne, IN
Updated September 19 at 9:34AM
2 Bedrooms
$500
5415 Webster Street
Fairfield Terrace-Belmont
Fort Wayne, IN
Updated September 9 at 9:35AM
1 Bedroom
$465
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Rent Report
Fort Wayne

September 2017 Fort Wayne Rent Report

Welcome to the September 2017 Fort Wayne Rent Report. In this report, we'll evaluate trends in the Fort Wayne rental market, including comparisons to similar cities nationwide.

Fort Wayne rents declined moderately over the past month

Fort Wayne rents have declined 0.4% over the past month, but have increased slightly by 1.7% in comparison to the same time last year. Currently, median rents in Fort Wayne stand at $590 for a one-bedroom apartment and $760 for a two-bedroom. Fort Wayne's year-over-year rent growth lags the state average of 2.0%, as well as the national average of 3.0%.

Fort Wayne rents more affordable than many large cities nationwide

Rent growth in Fort Wayne has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Fort Wayne is still more affordable than most large cities across the country.

  • Fort Wayne's median two-bedroom rent of $760 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.7% rise in Fort Wayne.
  • While rents in Fort Wayne remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Fort Wayne than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than four times the price in Fort Wayne.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.