
Cheap Apartments for Rent in the Fernwood Neighborhood of Chicago, IL from $500 (76 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fernwood area of Chicago.


9211 S Laflin St

10855 S Vernon Ave

135 E 103rd St, Unit 3

1439 W 93rd St

Total Monthly Price
9100 S Ashland Ave

8936 S Ashland Ave

Total Monthly Price
10415 S Vernon Ave, Unit 2, Unit 2

9213 S Laflin St

243 E 108th St
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.

10803 S Prairie Ave

1725 W 91st St

10450 S Maryland Ave, Unit 2nd Floor

Total Monthly Price
10450 S Maryland Ave, Unit 2, Unit 2

1745 W 91st St

16 E 118th Pl

11365 S Edbrooke Ave, Unit 1st floor

1613 W 87th St, Unit 304

8914 S Cottage Grove Ave

9101 S Beverly Blvd
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.

Ivy Park Homes

10121 S State St

8921 S Cottage Grove Ave

8921 S Cottage Grove Ave, Unit 3E

9160 S Halsted St, Unit Apt 2E

10528 S Walden Pkwy

10921 S Wabash Ave, Unit 1

11219 S Martin Luther King Dr

11347 S King Dr

10919 S Vernon Ave, Unit 10921-1
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.

9601 S Harvard Ave

11824 S Stewart Ave

11434 S Indiana Ave, Unit 1

734 E 95th St

10625 S Calumet Ave

11000 S Michigan Ave

11133 S Vernon Ave

9218 S. Bishop

10901 S Vernon

9101-9109 S Beverly Ave
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

10801 S Indiana Ave

8751 S Cottage Grove Ave

8851 S Cottage Grove Ave

8901 S Cottage Grove Ave

Pullman Apartments

410 E 107th St

Brainard Apartments

10206 S Walden Pky

10201 S Saint Lawrence Ave

9400 S Laflin St
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
Fernwood, Chicago, IL Local Guide

How much does it cost to rent an apartment in Fernwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fernwood Studio Apartments | $1,076 | $895 | $1,350 |
| Fernwood 1 Bedroom Apartments | $1,251 | $525 | $2,595 |
| Fernwood 2 Bedroom Apartments | $1,542 | $1,200 | $2,900 |
| Fernwood 3 Bedroom Apartments | $2,061 | $1,350 | $3,000 |
| Fernwood 4 Bedroom Apartments | $1,699 | $1,699 | $1,699 |
Browse Apartments in this Neighborhood
There are currently 76 rentals with your search options within a 2 mile radius of the Fernwood Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Fernwood, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Ave priced from $905. 8901 S Cottage Grove Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here are the most affordable Fernwood apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 8751 S Cottage Grove Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $905 |
| 8901 S Cottage Grove Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $945 |
| Pullman Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $965 |
| 410 E 107th St | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $970 |
| 9400 S Laflin St | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $1,050 |
| 11214-18 S Indiana | 0BR/1.0BA | Studio,1BA | $1,050 |
| Brainard Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,055 |
| 11143-11145 S King Dr | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,070 |
| 222 E 109th St | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $1,070 |
Best Value Apartments for Rent in Fernwood, IL
As of April 10, 2026 the best value apartment in the Fernwood area is the $1.76 price per square foot 1627 W 106th St Model at 1627 W 106th St, Unit Beverly Unit 2 in the in the Beverly neighborhood starting from $3,000. The second greatest value Fernwood apartment is the 10450 S Maryland Ave Model at 10450 S Maryland Ave, Unit 2 starting at $1,250 with a $1.04 price per square foot in the Pullman neighborhood. Here is today’s list of the best values for Fernwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1627 W 106th St, Unit Beverly Unit 2 | 1627 W 106th St | 3BR,1BA | $1.76 |
| 10450 S Maryland Ave, Unit 2 | 10450 S Maryland Ave | 2BR,1BA | $1.04 |
| 10901 S Vernon Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.39 |
| 8855 S Cottage Grove Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.73 |
| 10415 S Vernon Ave, Unit 2 | 10415 S Vernon Ave | 1BR,1BA | $1.77 |
| Brainard Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.62 |
| 9400 S Laflin St | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $1.62 |
| 410 E 107th St | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $1.51 |
| Pullman Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.61 |
| 8751 S Cottage Grove Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.71 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleBest 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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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 ArticleA 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 ArticleQuick 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.
Pet Friendly LifestyleFernwood, Chicago, IL
Ranked #68
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Fernwood Apartments
What is the Cheapest Studio apartment in Fernwood?
Currently the most affordable Cheap Studio Apartment in Fernwood is at 11214-18 S Indiana listed at $1,050.
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 Ave.
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

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.

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.

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.

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

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.