Fort Wayne, IN Rental Market Trends
Last updated: May 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Fort Wayne is $1,169, a 3.23% increase compared to the previous year, when the average rent was $1,133.
Studio Apartments at $853 offer the most budget-friendly option with 453 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 675 square feet for $994, balancing privacy and affordability.
Two-beedroom units at $1,241 offer 1,005 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,325 sq ft) for $1,520, suitable for larger households.
Average rent in Fort Wayne, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,169 | 898 sq. ft. |
| Studio | $853 | 453 sq. ft. |
| 1 Bed | $994 | 675 sq. ft. |
| 2 Beds | $1,241 | 1,005 sq. ft. |
| 3 Beds | $1,520 | 1,325 sq. ft. |
Fort Wayne, IN rent trends
Rental prices in Fort Wayne, IN have increased by 3.23% over the past year. The average rent moved from $1,133 to $1,169.
What's the typical rent budget in Fort Wayne, IN?
The largest share of rentals in Fort Wayne, IN (48%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Fort Wayne, IN?
42,288 or 38% of the households in Fort Wayne, IN are renter-occupied while 68,641 or 62% are owner-occupied.
Most affordable neighborhoods in Fort Wayne?
South Suburban Civic $887/month
Southwest Vaynedale $891/month
Southtown Meadows $960/month
All of these neighborhoods fall below the city wide average of $1,169/month.Most expensive neighborhoods in Fort Wayne?
Wilmarbee $1,194/month
Royal Oaks $1,602/month
West Central Fort Wayne $1,818/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Fort Wayne, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West Central Fort Wayne | $1,818 |
| Royal Oaks | $1,602 |
| Wilmarbee | $1,194 |
| Tara | $1,052 |
| Southtown Meadows | $960 |
| Southwest Vaynedale | $891 |
| South Suburban Civic | $887 |
Fort Wayne | Rent Comparison by Neighborhood
Rent in Royal Oaks is 81% higher than in South Suburban Civic
Royal Oaks rent is 37% higher than Fort Wayne average
South Suburban Civic rent is 24% lower than Fort Wayne average
How Fort Wayne Compares to Other Cities
| City | Average Rent |
|---|---|
| Fort Wayne | $1,169 |
| Indianapolis | $1,271 |
| Bloomington | $1,703 |
| Evansville | $1,044 |
| New Albany | $1,125 |
| South Bend | $1,406 |
| Hammond | $1,297 |
| Jeffersonville | $1,248 |
| Lafayette | $1,169 |
| Greenwood | $1,373 |
| Muncie | $1,249 |
| Kendallville, IN | $975 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Fort Wayne apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.