Cheap Homes for Rent in Fernwood Neighborhood of Chicago, IL from $800 (17 Rentals)

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

Fernwood, Chicago, IL Local Guide

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 ListingModel NameBed/BathPriced From
9400 S Laflin St2 Bedroom 1 Bath Apartment2BR,1BA$1,320
11214-18 S Indiana0BR/1.0BAStudio,1BA$1,450
9017-25 S Cottage Grove1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
10053 S Forest Ave, Unit #310053 S Forest Ave2BR,1BA$0.83
9021 S Justine St, Unit 9021 S. Justine 1S9021 S Justine St2BR,1BA$1.16
9011 S Laflin St, Unit 1st Floor9011 S Laflin St3BR,1BA$1.25
9438 S Bishop, Unit 2 second floor9438 S Bishop2BR,1BA$1.50
10747 S Michigan Ave, Unit Apartment B10747 S Michigan Ave2BR,1BA$1.56
9215 S Cottage Grove Ave, Unit 29215 S Cottage Grove Ave2BR,1BA$1.33
915 W 95th St, Unit 2e915 W 95th St2BR,1BA$1.33
9453 S Loomis St9453 S Loomis St1BR,1BA$1.31
9400 S Laflin St2 Bedroom 1 Bath Apartment2BR,1BA$1.76
11214-18 S Indiana0BR/1.0BAStudio ,1BA$2.64

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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.

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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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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.

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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.

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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.