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When it comes to materials, wire fences are the cheapest option. The average cost for a 150-foot wire fence is $1,350. The next cheapest material is chain-link, followed by wood.

As far as the style of fence, smaller, less private fences are cheaper than large, elaborate fences that block your whole yard. That’s why split-rail fences are the cheapest option for wooden fences. They cost roughly $10 to $30 per linear foot.

A high-quality wrought iron fence is one of the most durable options available and can last a lifetime, or even centuries, with proper care. However, wrought iron is susceptible to rust and corrosion if not maintained.

To maximize its lifespan, regular maintenance is required. This includes:

• Cleaning the fence with soapy water every six months.

• Scrubbing away any rust or corrosion as soon as it appears.

• Applying a new coat of paint or refinishing the fence every few years to protect the metal from moisture and oxygen. The recommended frequency varies, with sources suggesting anywhere from every 1 to 10 years.

If significant rust develops, it's wise to hire a professional fence repair company to clean the rust and reseal the fence. The cost to refinish a fence is typically between $5 and $12 per square foot, a worthwhile investment to ensure its longevity.

While power washing isn't a requirement before you stain a fence, it can make the job much easier and faster while reducing manual labor requirements. The stain will not work if the wood is full of dirt and dust, so power washing, sometimes called pressure washing, is a fast and effective way to prepare the wood for staining. Remember that you need to stain or repaint relatively soon after the wood has dried so that there isn’t time for dust and dirt to build up again. 

The cheapest farm fences are typically wire fences, which cost less to install than traditional lumber fences. Barbed wire is one of the most inexpensive options due to its simple materials, making it a good choice for low budgets. It is suitable for confining docile animals in large spaces, as it provides a visual barrier and a mild deterrent. Other options like hog wire and woven wire fences are also cost-effective because they require less lumber than a full wooden fence. These types of wire fences are strong, long-lasting, and relatively easy to repair, though they are often considered less aesthetically pleasing than wood.