Cheap Apartments for Rent in Oakbrook Terrace, IL from $1,000 (30 Rentals)

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

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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
$1,755 - $2,662
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$1,755 - $2,662
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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
$1,809 - $4,648
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$1,809 - $4,648
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1 to 3 Bedroom Apartments Available Now

Elm Creek

1 Elm Creek DrElmhurst, IL 60126
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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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2200 Grace
$2,057 - $2,554
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$2,057 - $2,554
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1 to 3 Bedroom Apartments Available Now

2200 Grace

2200 S Grace StLombard, IL 60148
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Elan Yorktown
$2,179 - $8,917
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$2,179 - $8,917
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Studio to 3 Bedroom Apartments Available Now

Elan Yorktown

50 Yorktown Shopping CtrLombard, IL 60148
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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
property at 1159 E Addison Ave

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

2 Bedroom, 2 Bath Townhome for Rent

Available Now

1159 E Addison Ave

LombardIL60148
property at 194 Surrey Dr

$2,100

3 Bedroom, 1.5 Bath Townhome for Rent

Available May 1

194 Surrey Dr

Glen EllynIL60137

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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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 $1,100. The Haven at Highland 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 Oakbrook Terrace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Argyle Garden Apartments1x1 6001BR,1BA$1,100
The Haven at HighlandThe RetreatStudio,1BA$1,375
Elmhurst TerraceWrigley1BR,1BA$1,388
Versailles on the Lakes Oakbrook*Calais - OakbrookStudio,1BA$1,639
Yorktown ApartmentsA21BR,1BA$1,755
Elm CreekA11BR,1BA$1,809
Arrive Oak Brook HeightsAdams1BR,1BA$1,869
City View at the HighlandsA3 Renovated1BR,1BA$2,001
OvaltineA1G1BR,1BA$2,070
2200 GraceB22BR,2BA$2,100

Best Value Apartments for Rent in Oakbrook Terrace, IL

As of April 28, 2026 the best value apartment in the Oakbrook Terrace area is the $2.34 price per square foot TH2 Model at Elm Creek in the in the Elmhurst City Centre neighborhood starting from $3,589. The second greatest value Oakbrook Terrace apartment is the C1 Model at 2200 Grace starting at $2,554 with a $1.77 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.
Elm CreekTH22BR,2.5BA$2.34
2200 GraceC13BR,2BA$1.77
Elite Luxury Apartments2 Bedroom2BR,2BA$2.36
249 E Park Blvd, Unit 1249 E Park Blvd2BR,1BA$2.09
City View at the HighlandsA3 Renovated1BR,1BA$2.53
Arrive Oak Brook HeightsAdams1BR,1BA$2.46
Apex 41A101BR,1BA$2.59
Yorktown ApartmentsS1Studio ,1BA$2.50
Argyle Garden Apartments1x1 6001BR,1BA$1.83
The Haven at HighlandThe Retreat1BR,1BA$2.39

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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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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 The Haven at Highland listed at $1,375.

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 $1,581 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 $2,554.

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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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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Articles, How-To's, and Tips

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Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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