Best Affordable Neighborhoods in Fort Wayne, IN
Some of the cheapest neighborhoods in Fort Wayne are South Suburban, North Anthony, and Highland Park Forest. These neighborhoods offer some of the lowest rent prices in Fort Wayne, making them ideal for renters on a budget. As of March 14, 2026, the average rent in Fort Wayne is $993, which is 4.2% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
South Suburban
Average Rent
$845/Month
Year-Over-Year Rent Change
7.5%
TransitScore® Rating
39/100
Units Available
14 Rentals
When you’re looking for a great Fort Wayne neighborhood on a budget, check out South Suburban. The average rent is $845, compared to the city average of $993. Rent prices have increased by 7.5%. South Suburban is convenient to South Anthony Shopping Center, Fort Wayne International, and Fox Island County Park. The community is car-dependent with a WalkScore® of 42.
North Anthony
Average Rent
$877/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
31/100
Units Available
21 Rentals
North Anthony is a charming neighborhood located near the university area, offering a mix of residential homes and local businesses. Renters will enjoy the lively atmosphere and access to parks, shops, and dining. The area is perfect for students and professionals seeking a lively community with suburban charm.
Highland Park Forest
Average Rent
$891/Month
TransitScore® Rating
39/100
Units Available
14 Rentals
Highland Park Forest is an affordable neighborhood in Fort Wayne with an average rent price of $891. Compare this to the city average of $993. Highland Park Forest provides easy access to Coliseum Shops, Ivy Tech. C.C., Coliseum, and Coliseum Towers. It’s a somewhat walkable neighborhood with a WalkScore® of 67.
Glenwood Park
Average Rent
$904/Month
TransitScore® Rating
38/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Fort Wayne, Glenwood Park might be the perfect place! It has an average rent price of $904, while the city’s average stands at $993. Glenwood Park is near North Anthony Shopping Center, Ivy Tech. C.C., North, and Foellinger-Freimann Botanical Conservatory.
South Fort Wayne
Average Rent
$913/Month
Year-Over-Year Rent Change
6.7%
TransitScore® Rating
11/100
Units Available
27 Rentals
South Fort Wayne is a diverse neighborhood offering a mix of affordable housing and access to local amenities, including schools and parks. Renters will enjoy the suburban feel while being close to downtown Fort Wayne. The area is ideal for families and individuals seeking a community-focused environment.
Blackhawk
Average Rent
$921/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
25/100
Units Available
15 Rentals
Blackhawk is a fun neighborhood known for its well-maintained homes and access to local parks and schools. Renters will appreciate the community feel and proximity to shopping and dining along Maplecrest Road. The area is ideal for those seeking a suburban retreat with convenient amenities.
Lake Forest
Average Rent
$921/Month
TransitScore® Rating
24/100
Units Available
15 Rentals
Lake Forest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Forest is $921 while the city average is $993. Residents enjoy convenient access to Georgetown Corner Shoppes, Foellinger-Freimann Botanical Conservatory, and Fort Wayne Children's Zoo. The neighborhood is considered walkable with a WalkScore® of 70.
The Knolls
Average Rent
$921/Month
Units Available
15 Rentals
When you’re looking for a great Fort Wayne neighborhood on a budget, check out The Knolls. The average rent is $921, compared to the city average of $993. The Knolls is convenient to Georgetown Corner Shoppes, Science Central, and Indiana Tech.
Brookside/Parkerdale
Average Rent
$931/Month
Year-Over-Year Rent Change
15.2%
TransitScore® Rating
28/100
Units Available
12 Rentals
Brookside/Parkerdale is a peaceful, residential neighborhood offering spacious homes and access to local parks and schools. Renters will enjoy the quiet environment and proximity to shopping and dining options. The neighborhood is perfect for families and individuals seeking a suburban lifestyle.
Eldorado Hills
Average Rent
$931/Month
TransitScore® Rating
0/100
Units Available
12 Rentals
Eldorado Hills is an affordable neighborhood in Fort Wayne with an average rent price of $931. Compare this to the city average of $993. Eldorado Hills provides easy access to Metea County Park, Shoaff Park Plaza, and St. Joe Village. It’s a car-dependent neighborhood with a WalkScore® of 32.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.