
Cheap Apartments for Rent in the Fernwood Neighborhood of Chicago, IL from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fernwood area of Chicago.


10633 S Hale Ave

10924 S Indiana Ave
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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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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 | $925 | $925 | $925 |
Fernwood 1 Bedroom Apartments | $1,059 | $900 | $1,300 |
Fernwood 2 Bedroom Apartments | $1,358 | $1,125 | $1,700 |
Fernwood 3 Bedroom Apartments | $1,383 | $1,350 | $1,425 |
Fernwood 4 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Fernwood Neighborhood of Chicago, IL.
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Fernwood, Chicago, IL Local Guide
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Cheapest Available Fernwood Apartments for Rent
 The cheapest available apartment rental in the Fernwood area of Chicago, IL is a 2 Beds unit found at 11250-56 S Indiana Ave priced from $925. 8901 S Cottage Grove Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $940. Here are the most affordable Fernwood apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
11250-56 S Indiana Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $925 |
8901 S Cottage Grove Ave | 1 Bedroom 1 Bathroom Apartment | 1BR,1BA | $940 |
11111 S Vernon | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $960 |
9000 S Bishop St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $985 |
8951 S Ada St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,045 |
Best Value Apartments for Rent in Fernwood, IL
As of October 06, 2025 the best value apartment in the Fernwood area is the $1.29 price per square foot 9219 S Greenwood Ave Model at 9219 S Greenwood Ave, Unit 2 in the in the South Chicago neighborhood starting from $1,800. The second greatest value Fernwood apartment is the 915 W 95th St Model at 915 W 95th St, Unit 2e starting at $1,200 with a $1.33 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
9219 S Greenwood Ave, Unit 2 | 9219 S Greenwood Ave | 4BR,1.5BA | $1.29 |
915 W 95th St, Unit 2e | 915 W 95th St | 2BR,1BA | $1.33 |
10747 S Michigan Ave, Unit Apartment B | 10747 S Michigan Ave | 2BR,1BA | $1.56 |
10901 S Vernon | 1 Bedroom Apartment | 1BR,1BA | $1.39 |
222 E 109th St | 1 Bedroom | 1BR,1BA | $1.40 |
8951 S Ada St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.49 |
325 E Kensington Ave, Unit 325B | 325 E Kensington Ave | 2BR,1BA | $1.71 |
9000 S Bishop St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.52 |
11111 S Vernon | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.75 |
11250-56 S Indiana Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.78 |
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Pet Friendly LifestyleFernwood, Chicago, IL
Ranked #140
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Fernwood Neighborhood in Chicago, IL
Walk Score®
61 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
48 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
55 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $935 at 8901 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 $920 at 11250-56 S Indiana Ave.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.