Cheap Apartments for Rent in the Fernwood Neighborhood of Chicago, IL from $500 (18 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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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
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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
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11214-18 S Indiana
2 Bedroom Apartments

11214-18 S Indiana

11214-18 S Indiana AveChicago, IL 60628
  • Utilities Included

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

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. 11111 S Vernon has the second lowest priced unit, which is a 1 Bed apartment currently listed from $940. Here are the most affordable Fernwood apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1155 W 83rd StStudioStudio,1BA$650
11111 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$940
Chatham Grove1 Bedroom, 1 Bath Renovation1BR,1BA$1,024
222 E 109th St1 Bedroom1BR,1BA$1,040
11214-18 S Indiana2BR/1.0BA2BR,1BA$1,100

Best Value Apartments for Rent in Fernwood, IL

As of April 20, 2025 the best value apartment in the Fernwood area is the $1.69 price per square foot 8918 S Hermitage Ave Model at 8918 S Hermitage Ave, Unit 1 in the in the Beverly neighborhood starting from $2,200. 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 $1,475 with a $1.13 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.
8918 S Hermitage Ave, Unit 18918 S Hermitage Ave2BR,1.5BA$1.69
9021 S Justine St, Unit 9021 S. Justine 1S9021 S Justine St2BR,1BA$1.13
8017 S Vernon Ave2BD/1BA2BR,1BA$1.33
915 W 95th St, Unit 2e915 W 95th St2BR,1BA$1.33
222 E 109th St1 Bedroom1BR,1BA$1.35
11214-18 S Indiana2BR/1.0BA2BR,1BA$1.57
10604 S Walden Parkway1BR/1.0BA1BR,1BA$3.57
8004 S Eberhart Ave2BR/1.0BA2BR,1BA$2.15
Chatham Grove1 Bedroom, 1 Bath Renovation1BR,1BA$1.58
11111 S Vernon1 Bedroom 1 Bath Apartment1BR,1BA$1.50

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Pet Friendly Lifestyle
Fernwood, Chicago, IL

Ranked #133

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

Pet Friendliness Lifestyle Score

2.5
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 $1,100 at 11214-18 S Indiana.

What is the most affordable Fernwood Three Bedroom Apartment?

The best deal on a cheap Fernwood Three Bedroom Apartment rental is at 9017-25 S Cottage Grove and starts from $2,300.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.