Cheap Apartments for Rent in the Fernwood Neighborhood of Chicago, IL from $500 (69 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Fernwood area of Chicago.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
property at 251 W 115th St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 1 Bath Home for Rent

Available Now

251 W 115th St

ChicagoIL60628

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
close
View Me
11000 S Michigan Ave
Studio to 2 Bedroom Apartments

11000 S Michigan Ave

11000 S Michigan AveChicago, IL 60628
  • Utilities Included
close
View Me
9218 S. Bishop
1 Bedroom Apartments

9218 S. Bishop

9218 S Bishop StChicago, IL 60620
  • Utilities Included
close
View Me
10901 S Vernon
1 to 3 Bedroom Apartments

10901 S Vernon

10901-10911 S Vernon AveChicago, IL 60628
close
View Me
9101-9109 S Beverly Ave
Studio to 2 Bedroom Apartments

9101-9109 S Beverly Ave

9101-9109 S Beverly AveChicago, IL 60620
  • Utilities Included
close
View Me
11250 S Indiana
1 to 3 Bedroom Apartments

11250 S Indiana

11250-11256 S Indiana AveChicago, IL 60628
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
11111 S Vernon
Studio to 2 Bedroom Apartments

11111 S Vernon

11111-11115 S Vernon AveChicago, IL 60628
  • Utilities Included
close
View Me
410 E 107th
1 to 2 Bedroom Apartments

410 E 107th

410 E 107th StChicago, IL 60628
close
View Me
11214-18 S Indiana
Studio to 2 Bedroom Apartments

11214-18 S Indiana

11214-18 S Indiana AveChicago, IL 60628
  • Utilities Included
close
View Me
9040 S Bishop
1 to 2 Bedroom Apartments

9040 S Bishop

9040 S Bishop StChicago, IL 60620
close
View Me
10206 S Walden Pky
1 to 3 Bedroom Apartments

10206 S Walden Pky

10206 S Walden PkyChicago, IL 60643
  • Utilities Included
close
View Me
10201 S St Lawrence
1 to 2 Bedroom Apartments

10201 S St Lawrence

10201 S Saint Lawrence AveChicago, IL 60628
  • Utilities Included
close
View Me
8951 S Ada
1 to 3 Bedroom Apartments

8951 S Ada

8951 S Ada StChicago, IL 60620
close
View Me
9000 S Bishop
1 Bedroom Apartments

9000 S Bishop

9000 S Bishop StChicago, IL 60620
  • Utilities Included

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

Read Article
Showing Results 1-50, Page 1 of 2

Fernwood, Chicago, IL Local Guide

Cheapest Available Fernwood Apartments for Rent

 

The cheapest available apartment rental in the Fernwood area of Chicago, IL is a 1 Bed unit found at 8751 S Cottage Grove Chicago, IL 60619 priced from $905. 11111 S Vernon has the second lowest priced unit, which is a 1 Bed apartment currently listed from $965. Here are the most affordable Fernwood apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
8751 S Cottage Grove Chicago, IL 606191 Bedroom 1 Bath Apartment1BR,1BA$905
11111 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$965
11214-18 S Indiana0BR/1.0BAStudio,1BA$975
10201 S St Lawrence1 Bedroom 1 Bath Apartment with Dining1BR,1BA$1,015
11143 S Dr Martin Luther King Jr Dr Chicago, IL 606281 Bedroom 1 Bath Apartment1BR,1BA$1,020
9000 S Bishop1 Bedroom 1 Bath Apartment1BR,1BA$1,055
222 E 109th1 Bedroom 1 Bath Apartment with Dining1BR,1BA$1,070
9017-25 S Cottage Grove1BR/1.0BA1BR,1BA$1,100
8855 S Cottage Grove Ave2 Bedroom 1 Bath Apartment2BR,1BA$1,125

Best Value Apartments for Rent in Fernwood, IL

As of May 25, 2026 the best value apartment in the Fernwood area is the $1.26 price per square foot 10222 S Lafayette Ave Model at 10222 S Lafayette Ave, Unit 1STFLOORAPT in the in the South Chicago neighborhood starting from $1,675. The second greatest value Fernwood apartment is the 600 W 87th St Model at 600 W 87th St, Unit A starting at $1,700 with a $1.42 price per square foot in the South Chicago neighborhood. Here is today’s list of the best values for Fernwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
10222 S Lafayette Ave, Unit 1STFLOORAPT10222 S Lafayette Ave2BR,1BA$1.26
600 W 87th St, Unit A600 W 87th St3BR,1.5BA$1.42
9000 S Bishop1 Bedroom 1 Bath Apartment1BR,1BA$1.62
8855 S Cottage Grove Ave2 Bedroom 1 Bath Apartment2BR,1BA$1.73
9017-25 S Cottage Grove1BR/1.0BA1BR,1BA$1.83
11111 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$1.61
8751 S Cottage Grove Chicago, IL 606191 Bedroom 1 Bath Apartment1BR,1BA$1.71
11143 S Dr Martin Luther King Jr Dr Chicago, IL 606281 Bedroom 1 Bath Apartment1BR,1BA$1.92
11214-18 S Indiana0BR/1.0BAStudio ,1BA$1.95
10201 S St Lawrence1 Bedroom 1 Bath Apartment with Dining1BR,1BA$2.04

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

Read Article
Decorative image

A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Fernwood, Chicago, IL

Ranked #85

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Fernwood Apartments

How much is rent for a Cheap One Bedroom Fernwood Apartment?

The lowest price for a Cheap One Bedroom Fernwood Apartment is $905 at 8751 S Cottage Grove Chicago, IL 60619.

What is the lowest price for a Cheap Two Bedroom Fernwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fernwood is starting from $1,125 at 8855 S Cottage Grove Ave.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.