Cheap Apartments for Rent in Diamond, IL from $500 (29 Rentals)

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

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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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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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

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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Twin Oaks West Apartments
1 to 3 Bedroom Apartments

Twin Oaks West Apartments

105 Twin Oaks DrJoliet, IL 60431
Family Friendly
  • Utilities Included
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Showing Results 1-29, 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. Ravine Woods Apartments in the Downtown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. 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
Ravine Woods Apartments1 Bedroom B1BR,1BA$1,050
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
Bays Tower ApartmentsStudio1BR,1BA$1,250
The Woodlands of Crest HillCypress1BR,1BA$1,317
Willow Run of Crest Hill1 bedroom1BR,1BA$1,359
Pheasant Runsc2s2BR,1BA$1,395
24138 - 24158 W Main St24138 W Main St Unit 1022BR,1BA$1,650

Best Value Apartments for Rent in Diamond, IL and Nearby

As of September 02, 2025 the best value apartment in the Diamond area is the $2.24 price per square foot Douglas BF Model at Home at Ashcroft in the in the Ashcroft Place neighborhood starting from $3,600. The second greatest value Diamond apartment is the Two Bedroom B1 Model at Reserve at Fox River Apartments starting at $1,765 with a $1.63 price per square foot in the Whispering Meadows 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$2.24
Reserve at Fox River ApartmentsTwo Bedroom B12BR,2BA$1.63
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
Pheasant Runsc2s2BR,1BA$1.62
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
2560 E Clark St, Unit 25722560 E Clark St1BR,1BA$1.54
Willow Run of Crest Hill1 bedroom1BR,1BA$2.27
The Woodlands of Crest HillCypress1BR,1BA$2.14
32664 Frontage Rd, Unit 232664 Frontage RdStudio ,1BA$1.60
Ravine Woods Apartments1 Bedroom B1BR,1BA$2.10

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

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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 Enclave at 127th Apartments listed at $1,683.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.