12 Cheap Apartments for rent in Fort Wayne, IN

Last updated January 13 at 12:01pm UTC
1012 Rivermet Avenue
Northside
Fort Wayne, IN
Updated January 13 at 9:34am UTC
1 Bedroom
$500
3919 S Clinton
South Calhoun Place
Fort Wayne, IN
Updated January 11 at 11:54am UTC
2 Bedrooms
$475
3525 Bowser
Oxford
Fort Wayne, IN
Updated January 9 at 11:59am UTC
2 Bedrooms
$475
113 W Concord Lane
Lincolnshire
Fort Wayne, IN
Updated January 3 at 3:49pm UTC
2 Bedrooms
$450
4530 Oliver
Pettit-Rudisill
Fort Wayne, IN
Updated January 13 at 12:01pm UTC
2 Bedrooms
$450
1422 Wabash
Memorial Park
Fort Wayne, IN
Updated January 3 at 3:38pm UTC
2 Bedrooms
$425
214 East Wildwood Ave
Williams Park
Fort Wayne, IN
Updated January 9 at 11:47am UTC
3 Bedrooms
$495
3607 Bowser
Oxford
Fort Wayne, IN
Updated January 10 at 12:36pm UTC
3 Bedrooms
$500
1014 Oneida St
Northside
Fort Wayne, IN
Updated January 13 at 11:57am UTC
1 Bedroom
$475
717 High
Bloomingdale
Fort Wayne, IN
Updated January 3 at 11:16am UTC
1 Bedroom
$399
1421 St Marys Ave
Hamilton
Fort Wayne, IN
Updated January 4 at 12:10pm UTC
2 Bedrooms
$425
1215 Columbia Avenue
Northside
Fort Wayne, IN
Updated January 7 at 4:07am UTC
1 Bedroom
$475
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January 2018 Fort Wayne Rent Report

Welcome to the January 2018 Fort Wayne Rent Report. Fort Wayne rents remained steady over the past month. In this report, we'll evaluate trends in the Fort Wayne rental market, including comparisons to similar cities nationwide.

View full Fort Wayne Rent Report
Rent Report
Fort Wayne

January 2018 Fort Wayne Rent Report

Welcome to the January 2018 Fort Wayne Rent Report. Fort Wayne rents remained steady over the past month. In this report, we'll evaluate trends in the Fort Wayne rental market, including comparisons to similar cities nationwide.

Fort Wayne rents held steady over the past month

Fort Wayne rents have remained flat over the past month, however, they are up moderately by 2.2% year-over-year. Currently, median rents in Fort Wayne stand at $590 for a one-bedroom apartment and $750 for a two-bedroom. Fort Wayne's year-over-year rent growth leads the state average of 2.0%, but trails the national average of 2.8%.

Fort Wayne rents more affordable than many large cities nationwide

As rents have increased moderately in Fort Wayne, a few large cities nationwide have also seen rents grow modestly. Fort Wayne is still more affordable than most large cities across the country.

  • Fort Wayne's median two-bedroom rent of $750 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.2% rise in Fort Wayne.
  • While Fort Wayne's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Fort Wayne than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is nearly 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.