Cheap Apartments for Rent in Oakbrook Terrace, IL from $900 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in Oakbrook Terrace.

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231 S Villa Ave
1 to 2 Bedroom Apartments

231 S Villa Ave

231 S Villa AveVilla Park, IL 60181
  • Utilities Included

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Oakbrook Terrace, IL Local Guide

Cheapest Available Oakbrook Terrace Apartments for Rent

 

The cheapest available apartment rental in Oakbrook Terrace, IL is a 1 Bed unit found at Argyle Garden Apartments in the Elmhurst City Centre neighborhood priced from $950. Elmhurst Terrace in the Elmhurst City Centre neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,393. Here is today’s list of the most affordable Oakbrook Terrace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Argyle Garden Apartments1x1 6001BR,1BA$950
Elmhurst TerraceWrigley1BR,1BA$1,393
The Haven at HighlandThe Retreat1BR,1BA$1,399
Versailles on the Lakes Oakbrook*Calais - OakbrookStudio,1BA$1,595
Yorktown Apartment HomesWinchester1BR,1BA$1,749

Best Value Apartments for Rent in Oakbrook Terrace, IL

As of July 31, 2025 the best value apartment in the Oakbrook Terrace area is the $1.73 price per square foot Berkshire Model at 2200 Grace in the in the Highland Hills neighborhood starting from $2,489. The second greatest value Oakbrook Terrace apartment is the 2 bedroom JR Model at Elite Luxury Apartments starting at $2,698 with a $2.56 price per square foot in the Downtown Villa Park neighborhood. Here is today’s list of the best values for Oakbrook Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2200 GraceBerkshire3BR,2BA$1.73
Elite Luxury Apartments2 bedroom JR2BR,1BA$2.56
Yorktown Apartment HomesYork Cottage Premier2BR,2BA$2.60
Arden of Oak Brook1B31BR,1BA$2.49
Elm Creek ApartmentsWillowbrook1BR,1BA$2.25
Ovaltine CourtLoft 787 SF (private entry)1BR,1BA$2.81
Arrive Oak Brook HeightsAdams1BR,1BA$2.56
City View at the HighlandsA2 Renovated1BR,1BA$2.72
Argyle Garden Apartments1x1 6001BR,1BA$1.58
The Haven at HighlandThe Retreat1BR,1BA$2.43

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Getting Around Oakbrook Terrace, IL

Walk Score®

53 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

Transit Score®

3 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Oakbrook Terrace Apartments

What is the Cheapest Studio apartment in Oakbrook Terrace?

Currently the most affordable Cheap Studio Apartment in Oakbrook Terrace is at Versailles on the Lakes Oakbrook* listed at $1,595.

How much is rent for a Cheap One Bedroom Oakbrook Terrace Apartment?

The lowest price for a Cheap One Bedroom Oakbrook Terrace Apartment is $950 at Argyle Garden Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Oakbrook Terrace is starting from $1,685 at Elmhurst Terrace.

What is the most affordable Oakbrook Terrace Three Bedroom Apartment?

The best deal on a cheap Oakbrook Terrace Three Bedroom Apartment rental is at 2200 Grace and starts from $2,489.

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

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.