Apartments for Rent in Oakbrook Terrace, IL

Prices and availability in Oakbrook Terrace, IL were last updated on 24 Jun 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 $1,574 and $1,926.

The price range for a 1-bedroom apartment in Oakbrook Terrace, IL is between $1,909 and $3,133.

The price range for a 2-bedroom apartment in Oakbrook Terrace, IL is between $2,370 and $4,330.

The price range for a 3-bedroom apartment in Oakbrook Terrace, IL is between $2,295 and $5,628.

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 average age of rental buildings in Oakbrook Terrace is 39 years old, with 39% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 94% are garden-style apartment communities, 6% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Oakbrook Terrace come in a range of sizes and floorplans. Studio apartments represent 6% 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.