Cheap Homes for Rent in Fernwood Neighborhood of Chicago, IL from $600 (28 Rentals)

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

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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 1 Bed unit found at 8951 S Ada St priced from $980. 222 E 109th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,010. Here are the most affordable Fernwood apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
8951 S Ada St1 Bedroom 1 Bath Apartment1BR,1BA$980
222 E 109th St1 Bedroom1BR,1BA$1,010
9000 S Bishop St1 Bedroom 1 Bath Apartment1BR,1BA$1,035
11214-18 S Indiana0BR/1.0BAStudio,1BA$1,050
8851 S Cottage Grove Ave2 Bedroom 1 Bathroom Apartment2BR,1BA$1,205
10901 S Vernon2 Bedroom Apartment2BR,1BA$1,270
10908 S Vernon2 Bedroom 1 Bath Apartment with dining2BR,1BA$1,285
9017-25 S Cottage Grove1BR/1.0BA1BR,1BA$1,600

Best Value Apartments for Rent in Fernwood, IL

As of November 12, 2025 the best value apartment in the Fernwood area is the $1.17 price per square foot 2 Bedroom 1 Bath Apartment with dining Model at 10908 S Vernon in the in the Pullman neighborhood starting from $1,285. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
10908 S Vernon2 Bedroom 1 Bath Apartment with dining2BR,1BA$1.17
915 W 95th St, Unit 2e915 W 95th St2BR,1BA$1.33
10747 S Michigan Ave, Unit Apartment B10747 S Michigan Ave2BR,1BA$1.56
10901 S Vernon2 Bedroom Apartment2BR,1BA$1.41
8851 S Cottage Grove Ave2 Bedroom 1 Bathroom Apartment2BR,1BA$1.42
222 E 109th St1 Bedroom1BR,1BA$1.31
8951 S Ada St1 Bedroom 1 Bath Apartment1BR,1BA$1.40
9000 S Bishop St1 Bedroom 1 Bath Apartment1BR,1BA$1.59
9017-25 S Cottage Grove1BR/1.0BA1BR,1BA$2.46
11214-18 S Indiana1BR/1.0BA1BR,1BA$2.67

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Pet Friendly Lifestyle
Fernwood, Chicago, IL

Ranked #94

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Fernwood

What type of rentals are currently available in Fernwood?

There are currently 328 Apartments for Rent in Fernwood, IL with pricing that ranges from $995 to $5,684. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fernwood ranging from $650 to $5,000.

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 $650 to $5,000 with an average monthly rent of $1,990.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.