Cheap Apartments for Rent in Black Diamond, AB from $800 (79 Rentals)

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Search the lowest-cost Apartments available for rent right now in Black Diamond.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Black Diamond, AB Local Guide

Cheapest Available Black Diamond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Black Diamond, AB is a Studio unit found at 211 12th Avenue SW in the North Hill Downtown Beltline neighborhood priced from $850. The Towns at Shawny Slopes in the Suburban South neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Black Diamond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
211 12th Avenue SWStudioStudio,1BA$850
The Towns at Shawny SlopesB/F - 1 Bed + 1 Bath1BR,1BA$1,100
932 1st Ave NW1 Bedroom 1 Washroom1BR,1BA$1,150
1909 on 12th1 Bedroom 1 Washroom with Balcony1BR,1BA$1,150
Hillsboro Place- 1 Bedroom1BR,1BA$1,180
Mayfair Place Apartments0 Beds, 1 BathsStudio,1BA$1,185
Glengrove Manor- 1 Bedroom1BR,1BA$1,225
Mainstreet Plaza1 bedroom1BR,1BA$1,225
White Plains Manor1 bedroom1BR,1BA$1,225
Glenmore Heights- BachelorStudio,1BA$1,255

Best Value Apartments for Rent in Black Diamond, AB and Nearby

As of May 07, 2026 the best value apartment in the Black Diamond area is the $1.71 price per square foot - 3 Bedroom Model at Wyldewood Estates in the in the Suburban South neighborhood starting from $1,955. The second greatest value Black Diamond apartment is the - 2 Bedroom Model at King's Alley starting at $1,482 with a $1.35 price per square foot in the Suburban South neighborhood. Here is today’s list of the best values for Black Diamond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wyldewood Estates- 3 Bedroom3BR,1BA$1.71
King's Alley- 2 Bedroom2BR,1BA$1.35
Stanley Park Place2 Bedroom 1 Bath2BR,1BA$1.78
Kingsland Gardens2 Bedroom, 1 Bathroom2BR,1BA$1.85
Flintridge Place2 Bedroom2BR,1BA$1.73
Glenmore Gardens Towers- 1 Bedroom1BR,1BA$1.85
Glenmore Estates- 2 Bedroom2BR,1BA$1.89
Hays Farm- 1 Bedroom1BR,1BA$1.81
Glengrove Manor- 1 Bedroom1BR,1BA$1.75
211 12th Avenue SWStudioStudio ,1BA$1.22

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Black Diamond Apartments

What is the Cheapest Studio apartment in Black Diamond?

Currently the most affordable Cheap Studio Apartment in Black Diamond is at 211 12th Avenue SW listed at $850.

How much is rent for a Cheap One Bedroom Black Diamond Apartment?

The lowest price for a Cheap One Bedroom Black Diamond Apartment is $1,100 at The Towns at Shawny Slopes.

What is the lowest price for a Cheap Two Bedroom Black Diamond Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Black Diamond is starting from $1,405 at Hillsboro Place.

What is the most affordable Black Diamond Three Bedroom Apartment?

The best deal on a cheap Black Diamond Three Bedroom Apartment rental is at Hillsboro Place and starts from $1,630.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.