The average rent in Oak Brook, IL is $3,484.
In Oak Brook 9% of the housing is rented out compared to 91% of homes are owned, according to the most recent Census Bureau estimates. 45% of Oak Brook's apartments are found in large buildings of 50 units or more, 3% are located in smaller apartment complexes with less than 50 units, and 53% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Oak Brook are about 23 years old, on average. Of these, 54% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 11 stories. About none of the rental communities here are low-rise, garden-style communities, 46% are mid-rises, and 54% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Oak Brook are around 0% of rentals, while 1-bedroom floor plans represent 75% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 17% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Oak Brook, Illinois, is positioned in the Chicago metropolitan area, approximately 20 miles west of the bustling city center. This proximity allows easy access to Chicago's vast array of business and cultural offerings while providing a quieter suburban environment. The economy in Oak Brook is largely supported by sectors such as retail, healthcare, and professional services, with major companies like Ace Hardware and Blistex headquartered here.
The village is home to numerous well-maintained parks and recreational areas such as Central Park and the Dean Nature Sanctuary. These spots offer residents spaces for outdoor activities including hiking, bird watching, and community sports. Oak Brook also boasts a rich arts scene, with facilities like the Mayslake Peabody Estate hosting theater performances and art exhibitions. The area's history is preserved in landmarks such as the historic Graue Mill and Museum.
Culinary options in Oak Brook range from casual dining to gourmet experiences, reflecting styles from classic American to international flavors. Local favorites include steakhouses and Italian bistros, with an array of cafes and dessert spots. For families considering moving to Oak Brook, the village is served by several school districts, including Hinsdale Township High School District 86, known for its strong educational programs.
Rental options in Oak Brook include a variety of single-family homes, townhouses, and modern apartments, catering to a diverse range of tastes and preferences. The architectural styles reflect a mix of contemporary and traditional designs. For example, in subdivisions like Saddle Brook, renters can find spacious homes with access to private parks and lakes.
In terms of location, many neighborhoods are close to key amenities. The vicinity to Oakbrook Center, a major shopping and dining hub, and proximity to the Interstate 88 corridor, which offers direct access to Chicago, makes living in Oak Brook convenient for commuters and socialites alike. These factors, combined with the suburban tranquility and well-regarded school districts, make Oak Brook particularly appealing to families and professionals.
Oak Brook's premier shopping destination is the Oakbrook Center. This outdoor mall features over 160 stores including luxury brands, department stores, and various dining options. For a more unique shopping experience, the nearby village of Hinsdale offers boutiques and specialty shops that cater to high-end tastes with designer apparel and artisan products.
For everyday necessities, residents have access to several grocery chains including Trader Joe's and Whole Foods. Local retail brands also add to the shopping experience, offering everything from home goods to personal care products.
Oak Brook does not have its own public transportation system but benefits from being near several major highways, including I-88, I-294, and I-355, facilitating car travel to Chicago and other areas. For public transit users, nearby Metra train stations in Hinsdale and Elmhurst provide convenient access to downtown Chicago and other suburbs.
Additionally, for air travel, both O'Hare International Airport and Midway International Airport are easily accessible, making national and international travel viable options. For more localized commuting, residents often utilize rideshare services and local taxi companies, ensuring connectivity across the region.
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