Cheap Homes for Rent in Fernwood Neighborhood of Chicago, IL from $600 (15 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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 1155 W 83rd St priced from $650. Chatham Grove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $979. Here are the most affordable Fernwood apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1155 W 83rd StStudioStudio,1BA$650
Chatham Grove1 Bedroom, 1 Bath1BR,1BA$979
222 E 109th St1 Bedroom1BR,1BA$1,040
8004 S Eberhart Ave2BR/1.0BA2BR,1BA$1,400
8017 S Vernon Ave2BD/1BA2BR,1BA$1,400

Best Value Apartments for Rent in Fernwood, IL

As of May 16, 2025 the best value apartment in the Fernwood area is the $1.13 price per square foot 9021 S Justine St Model at 9021 S Justine St, Unit 9021 S. Justine 1S in the in the Beverly neighborhood starting from $1,475. The second greatest value Fernwood apartment is the 9011 S Laflin St Model at 9011 S Laflin St, Unit 1st Floor starting at $1,600 with a $1.23 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.
9021 S Justine St, Unit 9021 S. Justine 1S9021 S Justine St2BR,1BA$1.13
9011 S Laflin St, Unit 1st Floor9011 S Laflin St3BR,1BA$1.23
11003 S Longwood Dr, Unit 3-C11003 S Longwood Dr2BR,1BA$1.41
8017 S Vernon Ave2BD/1BA2BR,1BA$1.33
10015 S Longwood Dr, Unit Garden Unit in Historic10015 S Longwood Dr1BR,1BA$1.50
11309 S Edbrooke Ave, Unit New 3 Bedroom11309 S Edbrooke Ave3BR,1BA$1.75
10747 S Michigan Ave, Unit Apartment B10747 S Michigan Ave2BR,1BA$1.56
915 W 95th St, Unit 2e915 W 95th St2BR,1BA$1.33
222 E 109th St1 Bedroom1BR,1BA$1.35
Chatham Grove1 Bedroom, 1 Bath1BR,1BA$1.51

Quick Rent Budget Calculator

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Frequently Asked Questions about Fernwood

What type of rentals are currently available in Fernwood?

There are currently 342 Apartments for Rent in Fernwood, IL with pricing that ranges from $650 to $4,459. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fernwood ranging from $650 to $3,250.

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 $3,250 with an average monthly rent of $1,492.

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 $1,375 to $1,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,525 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $1,700.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.