Oakbrook Terrace Office Tower the Tallest Tower in Oakbrook
Aerial view of I-88 and Oakbrook Terrace Office Park.
A short drive away, take in the wonders of Lapidary Art at The Lizzadro Museum.
Enjoy a picnic at the Heritage Park shelter.
Explore the Lake View Nature Center.

Oakbrook Terrace, IL Area Guide

Avg Rent

$2,030

Population

3,913

Renter Mix

59% Rent

Wooded oasis near Chicago

Suburban Scenic Commuter

Oakbrook Terrace packs a lot of living into just two square miles. This compact DuPage County suburb sits about 18 miles west of Chicago and strikes a balance between a polished office and retail corridor and the kind of quiet, green surroundings that make it easy to decompress after a long day. Forest preserves, meadows, and wooded trails ring the city, while the Morton Arboretum is only a short drive away in Lisle. Drury Lane Theatre, a long-standing cultural institution right in town, draws crowds from across the western suburbs for Broadway-caliber productions and special events year-round. The city originally carried the name Utopia, a fitting moniker given its proximity to Oakbrook Center, major highway corridors, and two international airports.

The rental landscape reflects the area's suburban character, with well-appointed apartment communities ranging from spacious mid-rise buildings to condo-style units. Several nearby colleges, including Elmhurst University and College of DuPage, add an intellectual energy to the broader area. Whether you work locally along the Butterfield Road corridor or commute to Chicago via Metra, Oakbrook Terrace offers the kind of polished, park-adjacent suburban living that is hard to match at its price point in DuPage County.

Explore the City

A short drive away, take in the wonders of Lapidary Art at The Lizzadro Museum.

Enjoy a picnic at the Heritage Park shelter.

Explore the Lake View Nature Center.

Walking path and playground at Heritage Park.

The recreation center hosts a variety of activities.

The Drury Lane Theatre puts on amazing shows.

Demographics

Median Household Income

$76,731

Average: $82,914

Education

1,541

Residents Have a Degree

Job Market

2,050

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

39 Years

Largest Age Group

25-34 Years

Approximately 18% of Residents

Under 20

20%

Over 65

20%

Housing Distribution

Oakbrook Terrace has more renters than homeowners.

Renters
59%
Non-Renters
41%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
36%
Other Education
64%

Rent Trends

As of September 2026, the average apartment rent in Oakbrook Terrace, IL is $1,667 for a studio, $2,030 for one bedroom, $2,787 for two bedrooms, and $3,153 for three bedrooms. Apartment rent in Oakbrook Terrace has increased by 6.6% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$2,030/month
744 Sq Ft
See Rental Market Trends in Oakbrook Terrace, IL

Learn More About Oakbrook Terrace

Getting Around

Moderately Walkable

Walkability

70 / 100

Limited Public Transit

Transit

30 / 100

Exceptionally Drivable

Drivability

90 / 100

Fairly Bikeable

Bikeability

50 / 100

Schools

Stella May Swartz Elementary School

Public

Grades K-5

159 Students

Points of Interest

Parks and Recreation

  • Mayslake Forest Preserve
  • York Woods Forest Preserve
  • Lyman Woods Interpretive Center
  • Fullersburg Woods Nature Center
  • Lizzadro Museum of Lapidary Art

Airports

  • Chicago Midway International
  • Chicago O'Hare International

Top Apartments in Oakbrook Terrace

Living in Oakbrook Terrace

History

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Oakbrook Terrace carries a name with its own story: originally called Utopia, a name suggested by a local postmaster, the community adopted its current identity in November 1959. That reinvention set the tone for a city that has grown into a compact but commercially dynamic suburb, blending a significant office and retail corridor with the natural surroundings that have defined DuPage County for generations. The nearby Mayslake Forest Preserve, just a short drive away, adds a tangible historic layer with its 1920s Tudor Revival Peabody Estate serving as a window into the region's early 20th-century past. For those who appreciate live performance history, Drury Lane Theatre has long been a cultural anchor in the western suburbs, bringing Broadway-caliber productions to the area and building a reputation that stretches well beyond Oakbrook Terrace's two square miles. The surrounding forest preserves, including York Woods and Fullersburg Woods, trace their roots to the regional conservation movement that shaped suburban Cook and DuPage counties throughout the mid-20th century, and today they remain some of the most accessible reminders of the landscape that existed long before the surrounding development.

Restaurants

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Oakbrook Terrace may be a small city, but its location along the DuPage County commercial corridor puts residents within easy reach of a wide and varied dining scene. The Butterfield Road and 22nd Street corridors connect to dozens of restaurants, casual cafes, and other dining options. Oakbrook Center, just minutes away, anchors a refined dining destination with everything from steakhouses to contemporary American kitchens. Closer to home, Drury Lane Theatre offers a dinner theater experience that has been a beloved community tradition for decades.

Transportation

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Oakbrook Terrace is a car-dependent suburb where most residents rely on personal vehicles to get around. Four major highways serve the area: I-88 (Ronald Reagan Memorial Tollway), I-294 (Tri-State Tollway), IL Route 83, and IL Route 56 (Butterfield Road), making it straightforward to reach downtown Chicago and surrounding DuPage County communities. For those who prefer rail, Metra Union Pacific West Line stations in Lombard, Elmhurst, and Villa Park are all within about nine minutes by car and offer direct service to Ogilvie Transportation Center in downtown Chicago. Both O'Hare International Airport and Midway International Airport are roughly 26 to 27 minutes away by car, giving residents convenient access to domestic and international travel.

Parks

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Oakbrook Terrace is surrounded by a network of forest preserves and green spaces that put nature within easy reach. Mayslake Forest Preserve, just six minutes away, offers trails, wetlands, and a historic estate on its grounds, while York Woods Forest Preserve and Lyman Woods Interpretive Center provide wooded paths and opportunities for wildlife observation. Fullersburg Woods Nature Center, roughly ten minutes out, features additional trails along Salt Creek. For those who enjoy expansive outdoor settings, the Morton Arboretum in nearby Lisle spans 1,700 acres of curated trees and natural landscapes, offering walking and cycling trails throughout the year.

Cost

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Rents in Oakbrook Terrace run above the Illinois state average, with one-bedroom apartments averaging $2,031 per month and two-bedroom units averaging $2,763. Those figures are roughly on par with Chicago proper, yet noticeably less than neighboring Oak Brook, which carries a significantly higher price point. More affordable western suburbs such as Villa Park and Hillside offer lower rents for budget-conscious renters. Rents have been rising across all unit types, with studios and two-bedrooms seeing the strongest year-over-year increases. The housing stock is a mix of apartment communities, condominiums, and single-family homes within this compact two-square-mile city.

Shopping

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Oakbrook Terrace sits at the center of one of the western suburbs' most accessible retail corridors. The nearby Oakbrook Center in adjacent Oak Brook is one of the largest open-air shopping destinations in the country, offering a wide range of luxury and everyday retailers within a short drive. Closer to home, a local shopping center and several neighborhood shopping centers along the Butterfield Road corridor provide convenient options for day-to-day needs. The area's mix of national retailers and specialty shops reflects its suburban character, giving residents a well-rounded retail experience without venturing far from home.

Highlights

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Oakbrook Terrace is a compact, well-connected DuPage County suburb about 18 miles west of Chicago, where forest preserves and the 1,700-acre Morton Arboretum sit alongside a polished retail corridor anchored by Oakbrook Center, while Drury Lane Theatre brings Broadway-caliber entertainment right to town and four major highways plus nearby Metra stations keep Chicago within easy reach.

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.