Cheap Apartments for Rent in Oakbrook Terrace, IL from $1,000 (18 Rentals)

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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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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

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

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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 $1,100. The Haven at Highland in the Highland Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,375. Here is today’s list of the most affordable Oakbrook Terrace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Argyle Garden Apartments1x1 6001BR,1BA$1,100
The Haven at HighlandThe Retreat1BR,1BA$1,375
Elmhurst TerraceWhitaker1BR,1BA$1,480
Versailles on the Lakes Oakbrook*Calais - OakbrookStudio,1BA$1,599
Arrive Oak Brook HeightsAdams1BR,1BA$1,725

Best Value Apartments for Rent in Oakbrook Terrace, IL

As of November 02, 2025 the best value apartment in the Oakbrook Terrace area is the $1.84 price per square foot Elm Model at Eldridge Townhomes in the in the South Villa Park neighborhood starting from $5,088. The second greatest value Oakbrook Terrace apartment is the Berkshire Model at 2200 Grace starting at $2,248 with a $1.56 price per square foot in the Highland Hills 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.
Eldridge TownhomesElm3BR,3.5BA$1.84
2200 GraceBerkshire3BR,2BA$1.56
Apex 41B132BR,2BA$2.09
Arden of Oak Brook2BC2BR,2BA$2.26
Arrive Oak Brook HeightsBaldwin Townhome2BR,1.5BA$2.41
Elite Luxury Apartments2 bedroom JR2BR,1BA$2.56
Yorktown Apartment HomesCambridge1BR,1BA$2.51
Elmhurst TerraceCallahan1BR,1BA$2.34
Argyle Garden Apartments1x1 6001BR,1BA$1.83
The Haven at HighlandThe Retreat1BR,1BA$2.39

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

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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

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 $1,599.

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

The lowest price for a Cheap One Bedroom Oakbrook Terrace Apartment is $1,100 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 $1,675 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 $2,198.

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

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.