Cheap Apartments for Rent in the Fernwood Neighborhood of Chicago, IL from $500 (19 Rentals)

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

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11000 S Michigan Ave
Studio to 2 Bedroom Apartments

11000 S Michigan Ave

11000 S Michigan AveChicago, IL 60628
  • Utilities Included

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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9218 S. Bishop
1 Bedroom Apartments

9218 S. Bishop

9218 S Bishop StChicago, IL 60620
  • Utilities Included
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10901 S Vernon
1 to 2 Bedroom Apartments

10901 S Vernon

10901-10911 S Vernon AveChicago, IL 60628
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10206 S Walden Pky
1 to 3 Bedroom Apartments

10206 S Walden Pky

10206 S Walden PkyChicago, IL 60643
  • Utilities Included
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222 E 109th St
1 Bedroom Apartments

222 E 109th St

10848-10852 S Prairie AveChicago, IL 60628

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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9101-9109 S Beverly Ave
1 to 2 Bedroom Apartments

9101-9109 S Beverly Ave

9101-9109 S Beverly AveChicago, IL 60620
  • Utilities Included

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 12, 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
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
915 W 95th St, Unit 2e915 W 95th St2BR,1BA$1.33
9260 S Halsted St, Unit 2W9260 S Halsted St2BR,1BA$1.78
10747 S Michigan Ave, Unit Apartment B10747 S Michigan Ave2BR,1BA$1.56
222 E 109th St1 Bedroom1BR,1BA$1.35
Chatham Grove1 Bedroom, 1 Bath Renovation1BR,1BA$1.55

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Pet Friendly Lifestyle
Fernwood, Chicago, IL

Ranked #143

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Fernwood Neighborhood in Chicago, IL

Walk Score®

61 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

55 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Fernwood Apartments

How much is rent for a Cheap One Bedroom Fernwood Apartment?

The lowest price for a Cheap One Bedroom Fernwood Apartment is $750 at 1155 W 83rd St.

What is the lowest price for a Cheap Two Bedroom Fernwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fernwood is starting from $1,400 at 8004 S Eberhart Ave.

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

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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.