
Cheap Homes for Rent in Diagonal, IA from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Diagonal.


1010 N 16th St

222 Park Ave

940 27th St
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.

105 W Summit St

310 S 11th St

523 S 11th St

1335 SE Florence Dr
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.
Diagonal, IA Local Guide

How much does it cost to rent a home in Diagonal?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Diagonal 2 Bedroom Homes for Rent | $1,241 | $795 | $1,995 |
| Diagonal 3 Bedroom Homes for Rent | $2,069 | $1,500 | $2,550 |
| Diagonal 4 Bedroom Homes for Rent | $2,496 | $1,995 | $3,100 |
Browse Top Homes for Rent in Diagonal
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Diagonal, IA Local Guide
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Cheapest Available Diagonal Apartments for Rent and Nearby
 The cheapest available apartment rental in Diagonal, IA is a 1 Bed unit found at Parkway Village Apartments priced from $540. Red Oak 48-Unit (City View Apartments) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Diagonal apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkway Village Apartments | One Bedroom | 1BR,1BA | $540 |
| Red Oak 48-Unit (City View Apartments) | 1 Bedroom | 1BR,1BA | $695 |
| Park Avenue Apartments | 2 Bed | 2BR,1BA | $695 |
Best Value Apartments for Rent in Diagonal, IA and Nearby
As of April 24, 2026 the best value apartment in the Diagonal area is the $1.04 price per square foot Platinum Pointe - 3 Bed Model at Platinum Pointe Townhomes in the starting from $2,500. The second greatest value Diagonal apartment is the Cottage - 3 Model at Northern Plains by Kading starting at $985 with a $0.80 price per square foot . Here is today’s list of the best values for Diagonal apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Platinum Pointe Townhomes | Platinum Pointe - 3 Bed | 3BR,3BA | $1.04 |
| Northern Plains by Kading | Cottage - 3 | 3BR,2BA | $0.80 |
| Country Club Estates | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.93 |
| Linden East Apartments | Two Bed | 2BR,1BA | $1.00 |
| University Point | VO2X1R | 2BR,1BA | $0.96 |
| Foxwood Apartments | B1 | 2BR,1BA | $0.97 |
| Forest Cove | 2 Bedroom, 1 Bath | 2BR,1BA | $0.89 |
| Park Avenue Apartments | 2 Bed | 2BR,1BA | $0.87 |
| Summit House Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.95 |
| Parkway Village Apartments | Two Bedroom (updated) | 2BR,1BA | $0.99 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Diagonal
What type of rentals are currently available in Diagonal?
There are currently 60 Apartments for Rent in Diagonal, IA with pricing that ranges from $540 to $3,343. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diagonal ranging from $550 to $3,100.
What is the current price range for Rental Homes in Diagonal?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Diagonal ranges from $550 to $3,100 with an average monthly rent of $1,631.
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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.