Cheap Homes for Rent in Fernwood Neighborhood of Chicago, IL from $600 (18 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 Studio unit found at 11214-18 S Indiana priced from $1,050. 8951 S Ada St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Fernwood apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
11214-18 S Indiana0BR/1.0BAStudio,1BA$1,050
8951 S Ada St1 Bedroom 1 Bath Apartment1BR,1BA$1,050
10201 S St Lawrence Ave2 Bedroom 1 Bath Apartment with dining2BR,1BA$1,185
10901 S Vernon2 Bedroom Apartment2BR,1BA$1,235
9017-25 S Cottage Grove1BR/1.0BA1BR,1BA$1,600

Best Value Apartments for Rent in Fernwood, IL

As of September 12, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
9219 S Greenwood Ave, Unit 29219 S Greenwood Ave4BR,1.5BA$1.29
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
1553 W 94th St, Unit 2011553 W 94th St1BR,1BA$1.44
10901 S Vernon2 Bedroom Apartment2BR,1BA$1.37
8951 S Ada St1 Bedroom 1 Bath Apartment1BR,1BA$1.50
10201 S St Lawrence Ave2 Bedroom 1 Bath Apartment with dining2BR,1BA$1.80
9000 S Bishop St1 Bedroom 1 Bath Apartment1BR,1BA$1.62
9017-25 S Cottage Grove1BR/1.0BA1BR,1BA$2.46
11214-18 S Indiana0BR/1.0BAStudio ,1BA$1.91

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Fernwood, Chicago, IL

Ranked #142

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 $900 to $1,800. There are also 85 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 $1,790.

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 $1,350 to $1,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,700 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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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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