Cheap Homes for Rent in Oakbrook Terrace, IL from $1,000 (10 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Oakbrook Terrace, IL Local Guide

Cheapest Available Oakbrook Terrace Apartments for Rent and Nearby

 

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 $1,358. 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$1,358
The Haven at HighlandThe Retreat1BR,1BA$1,399

Best Value Apartments for Rent in Oakbrook Terrace, IL and Nearby

As of July 25, 2025 the best value apartment in the Oakbrook Terrace area is the $1.80 price per square foot Elm Model at Eldridge Townhomes in the in the Elmhurst City Centre neighborhood starting from $4,998. The second greatest value Oakbrook Terrace apartment is the Berkshire Model at 2200 Grace starting at $2,489 with a $1.73 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$1.80
2200 GraceBerkshire3BR,2BA$1.73
Butterfield Towers Apartments2BR/2.0BA2BR,2BA$1.90
Elan YorktownB8.22BR,2BA$2.42
Elite Luxury Apartments2 bedroom JR2BR,1BA$2.56
Arden of Oak Brook1BC1BR,1BA$2.25
Elm Creek ApartmentsWillowbrook1BR,1BA$2.25
Arrive Oak Brook HeightsAdams1BR,1BA$2.52
Argyle Garden Apartments1x1 6001BR,1BA$1.58
The Haven at HighlandThe Retreat1BR,1BA$2.43

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Frequently Asked Questions about Oakbrook Terrace

What type of rentals are currently available in Oakbrook Terrace?

There are currently 62 Apartments for Rent in Oakbrook Terrace, IL with pricing that ranges from $950 to $9,320. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakbrook Terrace ranging from $1,000 to $6,500.

What is the current price range for Rental Homes in Oakbrook Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oakbrook Terrace ranges from $1,000 to $6,500 with an average monthly rent of $2,750.

How much are larger Three and Four Bedroom Rentals in Oakbrook Terrace?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oakbrook Terrace range from $2,489 to $9,320, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,350 to $6,450. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $2,950.

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.