Cheap Apartments for Rent in Diamond, IL from $500 (21 Rentals)

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

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Pine Ridge
1 to 2 Bedroom Apartments

Pine Ridge

1112 Parkwood DrJoliet, IL 60432
  • Utilities Included
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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-21, Page 1 of 1

Diamond, IL Local Guide

Cheapest Available Diamond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Diamond, IL is a 1 Bed unit found at Stone Falls in the Sunset Point neighborhood priced from $949. The Birches in the Sunset Point neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,105. Here is today’s list of the most affordable Diamond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stone FallsOne Bedroom, Base Package1BR,1BA$949
The BirchesstuStudio,1BA$1,105
The Woodlands of Crest HillWhite OakStudio,1BA$1,108
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
311 N Ottawa StStudio1BR,1BA$1,250

Best Value Apartments for Rent in Diamond, IL and Nearby

As of May 22, 2025 the best value apartment in the Diamond area is the $2.86 price per square foot Douglas BF Model at Home at Ashcroft in the in the Blackberry Crossing West neighborhood starting from $4,601. The second greatest value Diamond apartment is the Two Bedroom, Luxury Package Model at Stone Falls starting at $1,259 with a $1.38 price per square foot in the Sunset Point neighborhood. Here is today’s list of the best values for Diamond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Home at AshcroftDouglas BF3BR,2BA$2.86
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
The Bluffs1E1BR,1BA$2.30
Enclave at 127th ApartmentsAria1BR,1BA$2.41
Village Place ApartmentsOak1BR,1BA$2.43
Timber Pointe ApartmentsElm1BR,1BA$2.42
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
Sixteen30S1Studio ,1BA$2.81
The Woodlands of Crest HillWhite OakStudio ,1BA$2.96
The BirchesstuStudio ,1BA$3.51

Quick Rent Budget Calculator

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

Explore Diamond, IL Rentals by Map

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See the most popular apartments and homes in Diamond, IL

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Getting Around Diamond, IL

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Diamond Apartments

What is the Cheapest Studio apartment in Diamond?

Currently the most affordable Cheap Studio Apartment in Diamond is at The Birches listed at $1,105.

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

The lowest price for a Cheap One Bedroom Diamond Apartment is $949 at Stone Falls.

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

Today's best deal for a Cheap Two Bedroom Apartment in Diamond is starting from $1,209 at Tudor Park Apartments.

What is the most affordable Diamond Three Bedroom Apartment?

The best deal on a cheap Diamond Three Bedroom Apartment rental is at Tudor Park Apartments and starts from $1,309.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.