Oakbrook Terrace, Illinois Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Oakbrook Terrace, Illinois rental market.
Oakbrook Terrace, Illinois
Average Apartment Rent
$2,292
Y-o-Y Change in Average
Apartment Rent
1.9%
As of June 2025
Compared to a year ago, Oakbrook Terrace, Illinois apartments have recorded a 1.9% rent increase.
Oakbrook Terrace, Illinois Average apartment rent trend
Oakbrook Terrace, Illinois Average Apartment Rent
Oakbrook Terrace, Illinois Apartment rent ranges
At 61.4%, apartments priced $2,000 - $2,500 represent the bulk of Oakbrook Terrace, Illinois rentals, while condos priced Over $3,000 hold the lowest share of the market – 9.25%.
Oakbrook Terrace, Illinois Housing tenure**
Renters take up 72% of Oakbrook Terrace, Illinois real estate, occupying a total of 933 units, while homeowners live in 356 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$56,895
Average household size of renter-occupied housing units**
1.93
Rental vacancy rate**
6%
Oakbrook Terrace, Illinois Renter-occupied housing units by no. of bedrooms**
There are 334 rentals in Oakbrook Terrace, Illinois with 1 bed making up the highest share of the market, at 36%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 41 units. Overall, the median number of rooms in Oakbrook Terrace, Illinois homes for rent is 3.8.
Oakbrook Terrace, Illinois Renter-occupied units by age of householder**
Most condos for rent in Oakbrook Terrace, Illinois are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 65 - 74 years age group (14%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 4%.
Oakbrook Terrace, Illinois Renter-occupied housing units by family type**
Oakbrook Terrace, Illinois Renter-occupied housing units by the presence of own children**
A total of 301 apartments for rent in Oakbrook Terrace, Illinois, or 32% of all rentals are family households. Additionally, 14% of rental homes include children under the age of 18 – that’s 130 units. All in all, the median size of a renter-occupied household in Oakbrook Terrace, Illinois is 1.93.
Oakbrook Terrace, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 57% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Oakbrook Terrace, Illinois.
Oakbrook Terrace, Illinois Renter-occupied units by year structure built**
The highest share of Oakbrook Terrace, Illinois apartment rentals, namely 58% or 544 units, were Built 1970 - 1979, followed by those Built 2000 - 2009 (11%, 104 units), and the ones Built 1960 - 1969 (8%, 70 units).
Oakbrook Terrace, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Oakbrook Terrace, Illinois renters (50%) moved in 2018 to 2020, while only 4% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Oakbrook Terrace, Illinois condos for rent is 2019.
Oakbrook Terrace, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 58% of Oakbrook Terrace, Illinois renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 10% have 3 vehicles available.
Oakbrook Terrace, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Oakbrook Terrace, Illinois Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Oakbrook Terrace, Illinois apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
