One of the most inexpensive types of fence is the chain link fence. You only pay $6 to $9 per foot (in 2010) for this kind of fencing material if you build a 4-foot-high fence, but the downside is that chain link fences aren't as aesthetically pleasing.
Component fences are sometimes called stick-built fences. You assemble the fence from individual pieces such as boards and rails. These fences take longer to build, but can follow the contours of the landscape, a technique called racking.Some types of wood fencing are available as components.
Beware that the height and size of your fence will greatly impact the price. The more lumber you need, the more expensive the project will be. On top of that, like all fences, they take awhile to install. Therefore, a smaller fence will clearly be cheaper than a larger one. On the plus side, wood fences can easily last the lifetime of your home.
Fences do not come cheap, and the easier you can figure out how to put one up without spending all of your money, the better off you will be. Wood is typically inexpensive and can be a great way to build a fence that you will be able to rely on for years to come.