
Cheap Homes for Rent near Oakbrook Terrace, IL from $1,400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Oakbrook Terrace.


2005 S Finley Rd

515 N Cass Ave
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

28 W Willow St

Furnished Studio-Chicago - Westmont - Oak Brook

Furnished Studio-Chicago - Lombard - Oak Brook
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Furnished Studio-Chicago - Lombard - Yorktown Center
Oakbrook Terrace, IL Local Guide

How much does it cost to rent a home in Oakbrook Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakbrook Terrace 2 Bedroom Homes for Rent | $2,721 | $2,000 | $3,350 |
| Oakbrook Terrace 3 Bedroom Homes for Rent | $3,361 | $2,350 | $7,500 |
| Oakbrook Terrace 4 Bedroom Homes for Rent | $4,731 | $3,595 | $6,900 |
| Oakbrook Terrace 5 Bedroom Homes for Rent | $5,850 | $4,200 | $7,500 |
Browse Top Homes for Rent in Oakbrook Terrace
Explore Oakbrook Terrace
Oakbrook Terrace, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,100. The Haven at Highland ( Lombard ) 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Argyle Garden Apartments | 1x1 600 | 1BR,1BA | $1,100 |
| The Haven at Highland ( Lombard ) | The Retreat | Studio,1BA | $1,375 |
| 1024 E Division St | 1Bed 1Ba | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Oakbrook Terrace, IL and Nearby
As of August 24, 2026 the best value apartment in the Oakbrook Terrace area is the $1.92 price per square foot C1 Model at Eldridge Townhomes in the in the South Villa Park neighborhood starting from $4,993. The second greatest value Oakbrook Terrace apartment is the 2 Bedroom Model at Elite Luxury Apartments starting at $2,998 with a $2.36 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eldridge Townhomes | C1 | 3BR,2BA | $1.92 |
| Elite Luxury Apartments | 2 Bedroom | 2BR,2BA | $2.36 |
| 2200 Grace | B2 | 2BR,2BA | $1.63 |
| Elm Creek | A1 | 1BR,1BA | $2.35 |
| Arrive Oak Brook Heights | Adams | 1BR,1BA | $2.26 |
| Yorktown Apartments | A1 | 1BR,1BA | $2.38 |
| Elmhurst Terrace | Whitaker | 1BR,1BA | $2.27 |
| 1024 E Division St | 1Bed 1Ba | 1BR,1BA | $2.33 |
| Argyle Garden Apartments | 1x1 600 | 1BR,1BA | $1.83 |
| The Haven at Highland ( Lombard ) | The Retreat | Studio ,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.
Read ArticleBest 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
Read ArticleA 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
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Oakbrook Terrace, IL Rentals by Map
See the most popular apartments and homes in Oakbrook Terrace, IL
Frequently Asked Questions about Oakbrook Terrace
What type of rentals are currently available in Oakbrook Terrace?
There are currently 60 Apartments for Rent in Oakbrook Terrace, IL with pricing that ranges from $1,100 to $12,778. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakbrook Terrace ranging from $1,400 to $7,500.
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 $1,400 to $7,500 with an average monthly rent of $3,455.
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 $2,100 to $10,541, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,350 to $7,500. Four Bedroom Single-Family rentals are also available starting from $3,595 and Four Bedroom Apartments start at $2,400.
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

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.