Arden of Oak Brook
18-070 W Royce Blvd,
Oakbrook Terrace, IL 60181
1-3 Beds | $2,415 - $3,375
Rental Market Trends in Oakbrook Terrace, IL
What is the average rent in Oakbrook Terrace, IL?
$1,913/month
Average Rent
739 Sq Ft
Average Apartment Size
-8.4%
Decrease in the Last Year
As of June 2025, the average rent in Oakbrook Terrace, IL is $1,913 per month. This is 18% higher than the national average rent price of $1,628/month, making Oakbrook Terrace one of the most expensive cities in the US. When you rent an apartment in Oakbrook Terrace, you can expect to pay about $1,649 per month for a studio, $1,913 for a one-bedroom apartment, and around $2,529 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,065 or more.
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How much has average rent changed in Oakbrook Terrace, IL?
In the past year, rent has decreased by 8.4%, which averages out to $160 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Oakbrook Terrace, IL
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
20%
$1,501 - $2,000/month
80%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Oakbrook Terrace?
Based on current rent prices, Versailles on the Lakes is the most affordable neighborhood in Oakbrook Terrace.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Oakbrook Terrace?
Based on current rent prices, Versailles on the Lakes is the most expensive neighborhood in Oakbrook Terrace.
Neighborhood
Average Rent
Average Sq Ft
Which Oakbrook Terrace neighborhoods have the most rentals available?
The neighborhood in Oakbrook Terrace with the most apartments available is Versailles on the Lakes .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Oakbrook Terrace, IL?
Because the average rent in Oakbrook Terrace is $1,913, you’ll want to make about $6,376 per month or $76,512 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Oakbrook Terrace, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Oakbrook Terrace, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Nearby City Rent Trends
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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 June 2025.
* Percentages may not total 100 due to rounding.