
Cheap Apartments for Rent in the Fernwood Neighborhood of Chicago, IL from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fernwood area of Chicago.


10855 S Vernon Ave

135 E 103rd St

1439 W 93rd St

10812 S King Dr

406 E 109th St
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.

59-459 E 107th St

548 E 89th St

11000 S Michigan Ave

11133 S Vernon Ave

9218 S. Bishop

10901 S Vernon
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.

9101-9109 S Beverly Ave

8751 S Cottage Grove Chicago, IL 60619

222 E 109th St Chicago, IL 60628

11111 S Vernon Chicago, IL 60628

410 E 107th St Chicago, IL 60628

8806 S Cottage Grove Ave Chicago, IL 60619
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!

10206 S Walden Pky

9000 S Bishop St Chicago, IL 60620

8901 S Cottage Grove Ave Chicago, IL 60619

10201 S St Lawrence Ave 601-05 E 102nd Chicago, IL 60628

11143 S Dr Martin Luther King Jr Dr Chicago, IL 60628

10901 S Vernon 433-35 E 109th Chicago, IL 60628
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

s8855-8857 S Cottage Grove Ave Chicago, IL 60619

11214-18 S Indiana

8851-8853 S Cottage Grove Ave Chicago, IL 60619
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 | $985 | $985 | $985 |
| Fernwood 1 Bedroom Apartments | $1,481 | $945 | $2,595 |
| Fernwood 2 Bedroom Apartments | $1,396 | $900 | $1,795 |
| Fernwood 3 Bedroom Apartments | $2,079 | $1,350 | $5,965 |
| Fernwood 4 Bedroom Apartments | $2,225 | $2,150 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 27 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 222 E 109th St Chicago, IL 60628 priced from $950. 11111 S Vernon Chicago, IL 60628 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 222 E 109th St Chicago, IL 60628 | 1 Bedroom 1 Bath Garden | 1BR,1BA | $950 |
| 11111 S Vernon Chicago, IL 60628 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $965 |
| 410 E 107th St Chicago, IL 60628 | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $970 |
| 9000 S Bishop St Chicago, IL 60620 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,055 |
| 11143 S Dr Martin Luther King Jr Dr Chicago, IL 60628 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,070 |
| 11214-18 S Indiana | 0BR/1.0BA | Studio,1BA | $1,150 |
| 8851-8853 S Cottage Grove Ave Chicago, IL 60619 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,170 |
Best Value Apartments for Rent in Fernwood, IL
As of February 24, 2026 the best value apartment in the Fernwood area is the $1.42 price per square foot 11146 S Vernon Ave Model at 11146 S Vernon Ave in the in the Pullman neighborhood starting from $1,700. The second greatest value Fernwood apartment is the 9215 S State St Model at 9215 S State St, Unit Unit 2 starting at $1,700 with a $1.70 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. |
|---|---|---|---|
| 11146 S Vernon Ave | 11146 S Vernon Ave | 3BR,1BA | $1.42 |
| 9215 S State St, Unit Unit 2 | 9215 S State St | 3BR,1BA | $1.70 |
| 10747 S Michigan Ave, Unit Apartment B | 10747 S Michigan Ave | 2BR,1BA | $1.56 |
| 8851-8853 S Cottage Grove Ave Chicago, IL 60619 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.44 |
| 156 E 107th St | 156 E 107th St | 2BR,1BA | $1.13 |
| 9000 S Bishop St Chicago, IL 60620 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.62 |
| 410 E 107th St Chicago, IL 60628 | 1 Bedroom 1 Bath Apartment with Dining | 1BR,1BA | $1.51 |
| 11111 S Vernon Chicago, IL 60628 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.61 |
| 11143 S Dr Martin Luther King Jr Dr Chicago, IL 60628 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $2.02 |
| 222 E 109th St Chicago, IL 60628 | 1 Bedroom 1 Bath Garden | 1BR,1BA | $1.86 |
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 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 #133
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $950 at 222 E 109th St Chicago, IL 60628.
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 $1,170 at 8851-8853 S Cottage Grove Ave Chicago, IL 60619.
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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.