Cheap Homes for Rent in Oakbrook Terrace, IL from $1,000 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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 Studio apartment currently listed from $1,273. 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 TerraceStanleyStudio,1BA$1,273
The Haven at HighlandThe Retreat1BR,1BA$1,375
Versailles on the Lakes Oakbrook*Calais - OakbrookStudio,1BA$1,564
Yorktown Apartment HomesAbbey PremierStudio,1BA$1,670

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

As of September 15, 2025 the best value apartment in the Oakbrook Terrace area is the $2.00 price per square foot Hickory Model at Eldridge Townhomes in the in the Elmhurst City Centre neighborhood starting from $4,245. The second greatest value Oakbrook Terrace apartment is the Madison Townhome Model at Elm Creek Apartments starting at $3,480 with a $2.27 price per square foot in the Elmhurst City Centre 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 TownhomesHickory2BR,2.5BA$2.00
Elm Creek ApartmentsMadison Townhome2BR,2.5BA$2.27
2200 GraceBerkshire3BR,2BA$1.58
Arrive Oak Brook HeightsButterfield Townhome2BR,1.5BA$2.02
Elan YorktownB8.22BR,2BA$2.31
2201 S Highland Ave, Unit 2J2201 S Highland Ave2BR,2BA$1.65
Apex 41B042BR,2BA$2.27
Arden of Oak Brook1B1BR,1BA$2.41
Argyle Garden Apartments1x1 6001BR,1BA$1.58
The Haven at HighlandThe Retreat1BR,1BA$2.39

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Oakbrook Terrace, IL Rentals by Map

View Map
Oakbrook Terrace, IL Apartments Map
View Map
Oakbrook Terrace, IL Rental Homes Map

Frequently Asked Questions about Oakbrook Terrace

What type of rentals are currently available in Oakbrook Terrace?

There are currently 64 Apartments for Rent in Oakbrook Terrace, IL with pricing that ranges from $950 to $15,738. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakbrook Terrace ranging from $1,000 to $5,799.

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 $5,799 with an average monthly rent of $3,289.

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 $9,320, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,390 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $10,000.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.