Fort Wayne, IN Rental Market
Fort Wayne is Indiana's second-largest city and a manufacturing and healthcare hub anchored by Parkview Health, Lutheran Health Network, and a cluster of defense and automotive suppliers. The city offers extremely affordable home prices relative to rents, producing solid gross yields for investors. Ongoing downtown revitalization and population growth driven by in-migration from higher-cost Midwest cities support the long-term rental outlook.
Get a rent estimate for an address in Fort WayneAverage Rent in Fort Wayne, IN
$980
per month · 2026-06
Market Score
Key Facts — Fort Wayne, IN Rental Market
- Average rent in Fort Wayne, IN:$980/mo
- Median rent:$902/mo
- Rent range:$500 – $2,150/mo
- Most common rental (2 bedrooms):$875/mo
- Active listings:820
- Avg days to lease:35 days
- Year-over-year change:+3.0%
- Median home value:$165,000
- Est. gross annual yield:7.1%
- Data as of:2026-06
Rent by Bedroom in Fort Wayne, IN
Average monthly rent for each bedroom type based on current active listings in Fort Wayne.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $875/mo |
3 Bedrooms | $1,100/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,550/mo |
Fort Wayne Rental Market Statistics
Key indicators from the current Fort Wayne, IN rental market.
820
Available now in Fort Wayne
35
From list to lease
$0.79
Average across listings
1,244 sq ft
Typical rental size
$500 – $2,150
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Fort Wayne, IN Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$165,000
Typical purchase price in Fort Wayne
Est. Gross Annual Yield
7.1%
Before expenses & vacancy
Avg Monthly Income
$980
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Fort Wayne for a full cash-flow breakdown including all costs.
Fort Wayne, IN Rental Market FAQ
Common questions about renting and investing in Fort Wayne, IN.
What is the average rent in Fort Wayne, IN?
The average rent in Fort Wayne, IN is $980 per month as of 2026. One-bedroom apartments average $700/mo, two-bedrooms $875/mo, and three-bedroom homes $1,100/mo — some of the most affordable rents among Indiana's larger cities.
Is Fort Wayne, IN a good place to invest in rental property?
Fort Wayne offers an estimated 7.1% gross annual yield with a low median home value (~$165,000). Healthcare, manufacturing, and defense employment provide a stable, diverse tenant base. The market suits cash-flow-focused investors who are comfortable with a mid-size regional city.
How competitive is the Fort Wayne, IN rental market?
Fort Wayne averages 35 days on market with approximately 820 active listings. The market is moderately competitive — well-maintained properties near the Parkview and Lutheran Health corridors or downtown tend to lease faster than average.
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