Cheap Homes for Rent in Oak Brook, IL from $1,200 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in Oak Brook.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 300 Burlington Ave

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

3 Bedroom, 1 Bath Home for Rent

Available Now

300 Burlington Ave

Downers GroveIL60515

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Oak Brook, IL Local Guide

Cheapest Available Oak Brook Apartments for Rent

 

The cheapest available apartment rental in Oak Brook, IL is a 1 Bed unit found at Argyle Garden Apartments in the Elmhurst City Centre neighborhood priced from $1,100. The Haven at Highland ( Lombard ) in the Highland Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,375. Here is today’s list of the most affordable Oak Brook apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Argyle Garden Apartments1x1 6001BR,1BA$1,100
The Haven at Highland ( Lombard )The RetreatStudio,1BA$1,375
Forest Hill Apartments1 Bed 1 Bath - sold out1BR,1BA$1,389
Versailles on the Lakes Oakbrook*Dijon - NorthStudio,1BA$1,580
508 N Cass2 Beds, 1 bath2BR,1BA$1,600

Best Value Apartments for Rent in Oak Brook, IL

As of July 12, 2026 the best value apartment in the Oak Brook area is the $1.90 price per square foot C2 Model at Eldridge Townhomes in the in the South Villa Park neighborhood starting from $5,260. The second greatest value Oak Brook apartment is the 3 BR/ 2 BA newly renovated Model at Spinning Wheel Apartments starting at $3,250 with a $1.73 price per square foot in the Downtown Hinsdale neighborhood. Here is today’s list of the best values for Oak Brook apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eldridge TownhomesC23BR,2BA$1.90
Spinning Wheel Apartments3 BR/ 2 BA newly renovated3BR,2BA$1.73
2200 GraceC13BR,2BA$1.74
739 56th Pl, Unit 2739 56th Pl2BR,1BA$2.11
HIGHPOINT Downers Grove on Rogers2 Bed 2 Bath2BR,2BA$2.24
Butterfield Towers Apartments2BR/2.0BA2BR,2BA$1.97
640 56th Pl, Unit GARDEN640 56th Pl3BR,1BA$1.75
10 Oak Ave2 bed 1.5 bath2BR,1.5BA$2.25
Forest Hill Apartments1 Bed 1 Bath - sold out1BR,1BA$1.85
Argyle Garden Apartments1x1 6001BR,1BA$1.83

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Oak Brook

What type of rentals are currently available in Oak Brook?

There are currently 163 Apartments for Rent in Oak Brook, IL with pricing that ranges from $1,100 to $14,453. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oak Brook ranging from $1,200 to $12,500.

What is the current price range for Rental Homes in Oak Brook?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oak Brook ranges from $1,200 to $12,500 with an average monthly rent of $4,545.

How much are larger Three and Four Bedroom Rentals in Oak Brook?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oak Brook range from $1,825 to $10,252, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $7,650. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $3,300.

Expert Rental Resources

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.

Helpful Local Expert Guides

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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.