Apartments for Rent in Oakbrook Terrace, IL

Prices and availability in Oakbrook Terrace, IL were last updated on 24 Aug 2026.

The best apartments in Oakbrook Terrace, IL are: Arden of Oak Brook, Versailles on the Lakes Oakbrook*, Regency Place, Versailles on the Lakes North and Versailles on the Lakes Oakbrook.

The average rent in Oakbrook Terrace, IL is $2,024.

The price range for a studio apartment in Oakbrook Terrace, IL is between $1,597 and $2,370.

The price range for a 1-bedroom apartment in Oakbrook Terrace, IL is between $1,861 and $2,976.

The price range for a 2-bedroom apartment in Oakbrook Terrace, IL is between $2,295 and $4,419.

The price range for a 3-bedroom apartment in Oakbrook Terrace, IL is between $2,295 and $5,246.

In Oakbrook Terrace, 75% of the residents are renting compared to 25% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 50% of Oakbrook Terrace's rentals, 43% are small-scale complexes with under 50 units, and 8% 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 39 years old, on average. Of these, 39% 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 94% of the rental communities here are low-rise, garden-style communities, 6% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Oakbrook Terrace are around 6% of rentals, while 1-bedroom floor plans represent 40% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 49% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.