Cheap Apartments for Rent in the Oakbrook Neighborhood of Peoria, IL from $600 (6 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oakbrook area of Peoria.

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Royal Highlander
2 to 3 Bedroom Apartments

Royal Highlander

826-830 W Inverness StPeoria, IL 61615

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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Timberpoint Apartments
1 to 3 Bedroom Apartments

Timberpoint Apartments

12225 N Woodcrest DrDunlap, IL 61525
  • Utilities Included

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.

Cheapest Available Oakbrook Apartments for Rent

 

The cheapest available apartment rental in the Oakbrook area of Peoria, IL is a 2 Beds unit found at Dunlap Lakeside priced from $1,100. Prairie Lakes Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,389. Here are the most affordable Oakbrook apartments for rent in Peoria, IL:

Apartment ListingModel NameBed/BathPriced From
Dunlap Lakeside2 Beds, 1 Baths2BR,1BA$1,100
Prairie Lakes ApartmentsThe Matthew1BR,1BA$1,389
Knoxville PointeHarper2BR,2BA$1,492

Best Value Apartments for Rent in Oakbrook, IL

As of April 24, 2026 the best value apartment in the Oakbrook area is the $1.31 price per square foot Harper Model at Knoxville Pointe in the in the Oakbrook neighborhood starting from $1,492. The second greatest value Oakbrook apartment is the The Matthew Model at Prairie Lakes Apartments starting at $1,389 with a $1.43 price per square foot in the Oakbrook neighborhood. Here is today’s list of the best values for Oakbrook apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Knoxville PointeHarper2BR,2BA$1.31
Prairie Lakes ApartmentsThe Matthew1BR,1BA$1.43
Dunlap Lakeside2 Beds, 1 Baths2BR,1BA$1.29

Frequently Asked Questions about Cheap Oakbrook Apartments

How much is rent for a Cheap One Bedroom Oakbrook Apartment?

The lowest price for a Cheap One Bedroom Oakbrook Apartment is $1,389 at Prairie Lakes Apartments.

What is the lowest price for a Cheap Two Bedroom Oakbrook Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Oakbrook is starting from $1,100 at Dunlap Lakeside.

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.

Articles, How-To's, and Tips

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.