Versailles on the Lakes Oakbrook*
17W720 Butterfield Rd,
Oakbrook Terrace, IL 60181
Studio - 3 Beds | $1,522 - $2,949
Rental Market Trends in Oakbrook Terrace, IL
Updated August 2026
The average rent in Oakbrook Terrace, IL is $2,040/month.
Rent in Oakbrook Terrace is 23% higher than the national average rent of $1,664/month, making this one of the more expensive cities statewide.
$2,040/month
Average Rent
744 Sq Ft
Average Size
+7.1%
Change / Year
68
Available Apartments
Oakbrook Terrace rent varies by unit size and layout:
- Studio apartments in Oakbrook Terrace average $1,669 per month.
- One-bedroom apartments in Oakbrook Terrace average $2,040 per month.
- Two-bedroom apartments in Oakbrook Terrace average $2,788 per month.
- Three-bedroom apartments in Oakbrook Terrace average $3,174 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Oakbrook Terrace, IL?
In the past year, rent has increased by 7.1%, which averages out to $145 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Oakbrook Terrace, IL
August 2026
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
What salary do I need to live comfortably in Oakbrook Terrace, IL?
Because the average rent in Oakbrook Terrace is $2,040, you’ll want to make about $6,800 per month or $81,600 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.
View the Oakbrook Terrace Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Oak Brook
Avg Rent: $2,701/month
-
Villa Park
Avg Rent: $1,623/month
-
Lombard
Avg Rent: $1,900/month
-
Elmhurst
Avg Rent: $2,022/month
-
Hillside
Avg Rent: $1,230/month
-
Clarendon Hills
Avg Rent: $1,771/month
-
Westmont
Avg Rent: $1,688/month
-
Glen Ellyn
Avg Rent: $1,620/month
Apartment Communities in Oakbrook Terrace We Think You'll Love
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Frequently Asked Questions
What is the average rent in Oakbrook Terrace?
The average rent in Oakbrook Terrace is $2,040 per month, which is 22.6% higher than the national average of $1,664.
Are rents going up or down in Oakbrook Terrace?
Rents in Oakbrook Terrace, IL are increasing, with prices up 7.1% year-over-year and $145 more per month.
What rent range is most common in Oakbrook Terrace?
In Oakbrook Terrace, IL, 80% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 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.
* Percentages may not total 100 due to rounding.