| 1 BED | Ask for pricing |
| 2 BEDS | $2,370+ |
| 3 BEDS | Ask for pricing |
| STUDIO | Ask for pricing |
| STUDIO | Ask for pricing |
| STUDIO | Ask for pricing |
| 1 BED | $1,165 |
| 2 BEDS | $1,415 |
| 1 BED | $1,749+ |
| 2 BEDS | $2,100+ |
| 3 BEDS | $2,528+ |
| STUDIO | Ask for pricing |
| 1 BED | $2,198+ |
| 2 BEDS | $3,153 |
Rental prices in Oakbrook Terrace, IL have increased by 3.29% over the past year. The average rent moved from $2,233 to $2,306.
Compared to the national average rent of $1,740, the average rent in Oakbrook Terrace, IL is $2,306.
The average monthly rent of apartments in Oakbrook Terrace, IL is $2,306.
About 16% of apartment rents in Oakbrook Terrace, IL range between $2,501-$3,000. Meanwhile, apartments around > $3,000 represent 7% of apartments. Around 65% of Villa Park’s apartments are in the $2,001-$2,500 price range. 13% of apartments are priced between $1,501-$2,000.
The largest share of rentals in Oakbrook Terrace, IL (65%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Prices and availability in Oakbrook Terrace, IL were last updated on 10 Apr 2026.
The best apartments in Oakbrook Terrace, IL are: Arden of Oak Brook, 1175 Real Estate Holdings LLC, Summit Oaks Venture LLC, Hobson Road RE Holdings LLC and Deerpath RE Holdings LLC.
The average rent in Oakbrook Terrace, IL is $1,845.
The price range for a 1-bedroom apartment in Oakbrook Terrace, IL is between $2,370 and $3,055.
The price range for a 2-bedroom apartment in Oakbrook Terrace, IL is between $2,370 and $3,055.
The price range for a 3-bedroom apartment in Oakbrook Terrace, IL is between $2,370 and $3,055.
In Oakbrook Terrace 74% of the housing is rented out compared to 26% of homes are owned, according to the most recent Census Bureau estimates. 50% of Oakbrook Terrace's apartments are found in large buildings of 50 units or more, 44% are located in smaller apartment complexes with less than 50 units, and 7% 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 Oakbrook Terrace are about 43 years old, on average. Of these, 27% 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 3 stories. About 93% of the rental communities here are low-rise, garden-style communities, 7% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Rental apartments in Oakbrook Terrace come in a range of sizes and floorplans. Studio apartments represent 7% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 40% of the total apartments in the city, while 2-bedroom floorplans represent around 49% of all rentals in Oakbrook Terrace. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Oakbrook Terrace is located in DuPage County, Illinois, just 17 miles west of Chicago and near to other key suburbs like Elmhurst and Lombard. This strategic location provides easy access to downtown Chicago while offering a quieter, suburban lifestyle. Key industries in Oakbrook Terrace include retail, healthcare, and professional services, which draw a substantial workforce to the area. For outdoor enthusiasts, Terrace View Park offers walking paths, a fishing pond, and picnic areas, providing a picturesque escape within the city limits. Oakbrook Terrace is close to the larger Oak Brook Park District, which features a variety of recreational facilities and programs.
The city has a modest arts scene, frequently featuring local artists and performers at the local theater and outdoor events. Historical features are scattered around, including the nearby Graue Mill and Museum in Oak Brook. Diverse neighborhoods in Oakbrook Terrace cater to a variety of lifestyles and budgets.
Culinary offerings in Oakbrook Terrace are robust, with a wide range of dining options available. From classic American diners and steakhouses to international cuisine such as Italian and Asian eateries, residents and visitors have ample choice. The city is also part of a highly regarded school district, providing quality educational opportunities to local students.
Renters in Oakbrook Terrace will find a range of options from single-family homes to modern apartment complexes. The architectural styles vary, with a mix of post-war homes, contemporary townhouses, and sleek, new apartment buildings. Many rental properties are located conveniently close to shopping centers, public transport options, and major highways.
The neighborhoods are distinctly geared towards various demographics. For example, areas closer to Drury Lane Theatre and Conference Center are popular among young professionals and culture enthusiasts, while quieter streets further from the center are favored by families seeking a suburban feel close to schools and parks.
Oakbrook Terrace is well-equipped for shopping enthusiasts. Oakbrook Center, one of the largest open-air shopping centers in the United States, is just minutes away and hosts a range of high-end retail shops, department stores, and dining options. Within Oakbrook Terrace, shoppers can find local and national brands at the Terrace Square Shopping Center.
For a more unique shopping experience, nearby Downtown Elmhurst offers a variety of local boutiques, antique shops, and specialty stores. Common grocery chains like Trader Joe’s and Whole Foods are readily available, alongside local markets offering fresh produce.
Public transportation in Oakbrook Terrace includes Pace Bus services, which connect residents to surrounding suburbs and provide links to the Metra train lines for easy access to downtown Chicago. The city is also serviced by several major highways, making car travel convenient for commuters.
For regional and international travel, Chicago's O'Hare International Airport is approximately a 30-minute drive away, depending on traffic. This connectivity makes Oakbrook Terrace a practical choice for frequent travelers. No ferries operate in Oakbrook Terrace, but the extensive road and public transit networks sufficiently cover transportation needs.
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RentCafe is your one-stop shop for finding a great new apartment in Oakbrook Terrace, IL. Easily search through a wide selection of apartments for rent in Oakbrook Terrace, IL, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you're interested in. Browse Oakbrook Terrace, IL apartments with rents starting from $500 and submit your rental application today!
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