Cheap Apartments for Rent in Oakbrook Terrace, IL from $1,000 (31 Rentals)

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Polo Club West
2 Bedroom Apartments

Polo Club West

1S111 Spring RdOakbrook Terrace, IL 60181
  • Utilities Included

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.

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Yorktown Apartments
Rent Specials
$1,416 - $4,920
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$1,416 - $4,920

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Studio to 2 Bedroom Apartments Available Now

Yorktown Apartments

2233 S Highland AveLombard, IL 60148
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Elm Creek
$1,673 - $8,123
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$1,673 - $8,123

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1 to 3 Bedroom Apartments Available Now

Elm Creek

1 Elm Creek DrElmhurst, IL 60126
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2200 Grace
$1,937 - $2,504
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$1,937 - $2,504

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1 to 3 Bedroom Apartments Available Now

2200 Grace

2200 S Grace StLombard, IL 60148
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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.

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Elan Yorktown
$2,071 - $12,758
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$2,071 - $12,758

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Studio to 2 Bedroom Apartments Available Now

Elan Yorktown

50 Yorktown Shopping CtrLombard, IL 60148
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231 S Villa Ave
1 to 2 Bedroom Apartments

231 S Villa Ave

231 S Villa AveVilla Park, IL 60181
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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.

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.

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. Elmhurst Terrace in the Elmhurst City Centre neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,260. 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
Elmhurst TerraceStanleyStudio,1BA$1,260
The Haven at Highland ( Lombard )The RetreatStudio,1BA$1,375
Yorktown ApartmentsS1Studio,1BA$1,416
Elm CreekA11BR,1BA$1,673
Versailles on the Lakes Oakbrook*Calais - OakbrookStudio,1BA$1,701
Arrive Oak Brook HeightsAdams1BR,1BA$1,889
City View at the HighlandsA3 Renovated1BR,1BA$2,042
OvaltineA2L1BR,1BA$2,070
Elan YorktownJR1.1Studio,1BA$2,071

Best Value Apartments for Rent in Oakbrook Terrace, IL

As of June 13, 2026 the best value apartment in the Oakbrook Terrace area is the $1.98 price per square foot B1 Model at Eldridge Townhomes in the in the Elmhurst City Centre neighborhood starting from $4,208. The second greatest value Oakbrook Terrace apartment is the York Model at Regency Place starting at $4,130 with a $2.58 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 TownhomesB12BR,2BA$1.98
Regency PlaceYork3BR,2BA$2.58
Elm CreekTH22BR,2.5BA$2.33
Elite Luxury Apartments2 Bedroom2BR,2BA$2.36
2200 GraceB22BR,2BA$1.67
Arden of Oak Brook2B-SS2BR,2BA$2.64
City View at the HighlandsA3 Renovated1BR,1BA$2.58
Arrive Oak Brook HeightsAdams1BR,1BA$2.49
Argyle Garden Apartments1x1 6001BR,1BA$1.83
The Haven at Highland ( Lombard )The RetreatStudio ,1BA$2.39

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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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 Elmhurst Terrace listed at $1,260.

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 $1,661 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 Versailles on the Lakes Oakbrook* and starts from $2,912.

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

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

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.