
Cheap Homes for Rent in Fernwood Neighborhood of Chicago, IL from $800 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Fernwood area of Chicago.


9449.5 S Ashland Ave

10500 S Wabash Ave

8748 S Dauphin Ave

9453 S Loomis St

1342 W 91st St

10801 S Prairie Ave

11307 S Langley Ave

9538 S Princeton Ave

8900 S Dauphin Ave

11362 S Morgan St

8900 S Dauphin Ave
Fernwood, Chicago, IL Local Guide

How much does it cost to rent a home in Fernwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Fernwood 2 Bedroom Homes for Rent | $1,746 | $1,250 | $2,550 |
Fernwood 3 Bedroom Homes for Rent | $1,912 | $1,250 | $2,950 |
Fernwood 4 Bedroom Homes for Rent | $2,175 | $1,375 | $2,900 |
Fernwood 5 Bedroom Homes for Rent | $2,398 | $1,995 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Fernwood Neighborhood of Chicago, IL.
Explore 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 2 Beds unit found at 9400 S Laflin St priced from $1,320. 11214-18 S Indiana has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here are the most affordable Fernwood apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
9400 S Laflin St | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,320 |
11214-18 S Indiana | 0BR/1.0BA | Studio,1BA | $1,450 |
9017-25 S Cottage Grove | 1BR/1.0BA | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in Fernwood, IL
As of July 29, 2025 the best value apartment in the Fernwood area is the $0.83 price per square foot 10053 S Forest Ave Model at 10053 S Forest Ave, Unit #3 in the in the Pullman neighborhood starting from $1,500. The second greatest value Fernwood apartment is the 9021 S Justine St Model at 9021 S Justine St, Unit 9021 S. Justine 1S starting at $1,510 with a $1.16 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
10053 S Forest Ave, Unit #3 | 10053 S Forest Ave | 2BR,1BA | $0.83 |
9021 S Justine St, Unit 9021 S. Justine 1S | 9021 S Justine St | 2BR,1BA | $1.16 |
9011 S Laflin St, Unit 1st Floor | 9011 S Laflin St | 3BR,1BA | $1.25 |
9438 S Bishop, Unit 2 second floor | 9438 S Bishop | 2BR,1BA | $1.50 |
10747 S Michigan Ave, Unit Apartment B | 10747 S Michigan Ave | 2BR,1BA | $1.56 |
9215 S Cottage Grove Ave, Unit 2 | 9215 S Cottage Grove Ave | 2BR,1BA | $1.33 |
915 W 95th St, Unit 2e | 915 W 95th St | 2BR,1BA | $1.33 |
9453 S Loomis St | 9453 S Loomis St | 1BR,1BA | $1.31 |
9400 S Laflin St | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.76 |
11214-18 S Indiana | 0BR/1.0BA | Studio ,1BA | $2.64 |
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.
Frequently Asked Questions about Fernwood
What type of rentals are currently available in Fernwood?
There are currently 330 Apartments for Rent in Fernwood, IL with pricing that ranges from $900 to $2,800. There are also 82 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fernwood ranging from $800 to $3,000.
What is the current price range for Rental Homes in Fernwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fernwood ranges from $800 to $3,000 with an average monthly rent of $1,721.
How much are larger Three and Four Bedroom Rentals in Fernwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Fernwood range from $1,425 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,375 and Four Bedroom Apartments start at $1,800.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.