Cheap Apartments for Rent in the Fernwood Neighborhood of Chicago, IL from $500 (70 Rentals)

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

property at 1550 W 95th St

$825 - $950

Studio To 1 Bedroom Rentals

Available Now

1550 W 95th St

ChicagoIL60643

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.

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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.

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property at 8900 S Dauphin Ave

$1,700

Total Monthly Price

Total Monthly Price

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

2 Bedroom, 2 Bath Home for Rent

Available Now

8900 S Dauphin Ave

ChicagoIL60619

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.

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11000 S Michigan Ave
Studio to 2 Bedroom Apartments

11000 S Michigan Ave

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

9218 S. Bishop

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

10901 S Vernon

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

9101-9109 S Beverly Ave

9101-9109 S Beverly AveChicago, IL 60620
  • Utilities Included
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410 E 107th St
1 to 2 Bedroom Apartments

410 E 107th St

410 E 107th StChicago, IL 60628

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.

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11214-18 S Indiana
Studio to 2 Bedroom Apartments

11214-18 S Indiana

11214-18 S Indiana AveChicago, IL 60628
  • Utilities Included
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10206 S Walden Pky
1 to 3 Bedroom Apartments

10206 S Walden Pky

10206 S Walden PkyChicago, IL 60643
  • Utilities Included
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9400 S Laflin St
1 to 2 Bedroom Apartments

9400 S Laflin St

9400 S Laflin StChicago, IL 60620
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8951 S Ada St
1 to 3 Bedroom Apartments

8951 S Ada St

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

9000 S Bishop

9000 S Bishop StChicago, IL 60620
  • Utilities Included
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222 E 109th
Studio to 2 Bedroom Apartments

222 E 109th

10848-10852 S Prairie AveChicago, IL 60628

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Fernwood, Chicago, IL Local Guide

Cheapest Available Fernwood Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
11214-18 S Indiana0BR/1.0BAStudio,1BA$975
8855 S Cottage Grove Ave2 Bedroom 1 Bath Apartment2BR,1BA$1,125

Best Value Apartments for Rent in Fernwood, IL

As of July 09, 2026 the best value apartment in the Fernwood area is the $0.94 price per square foot 9037 S Bishop St Model at 9037 S Bishop St in the in the Beverly neighborhood starting from $1,875. The second greatest value Fernwood apartment is the 10226 S Charles St Model at 10226 S Charles St, Unit Unit 2 starting at $2,950 with a $2.46 price per square foot in the Beverly 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.
9037 S Bishop St9037 S Bishop St2BR,1BA$0.94
10226 S Charles St, Unit Unit 210226 S Charles St3BR,1BA$2.46
10925 S Vernon Ave, Unit 210925 S Vernon Ave3BR,1BA$1.36
152 E 107th St, Unit 2W152 E 107th St3BR,1BA$1.84
8855 S Cottage Grove Ave2 Bedroom 1 Bath Apartment2BR,1BA$1.73
9100 S Ashland Ave, Unit 1607 W 91st St 2nd Floor9100 S Ashland Ave1BR,1BA$1.90
10144 S Wood St, Unit Basement10144 S Wood St1BR,1BA$2.50
11214-18 S Indiana0BR/1.0BAStudio ,1BA$1.95

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.

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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

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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

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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.

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Pet Friendly Lifestyle
Fernwood, Chicago, IL

Ranked #135

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Fernwood Apartments

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

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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.

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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.

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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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.