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

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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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901

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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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. 101 E Bannon St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. 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
101 E Bannon St8111BR,1BA$1,000
The Woodlands of Crest HillCypress1BR,1BA$1,096
811 Covey Ln1x11BR,1BA$1,200
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
Bays Tower ApartmentsStudio1BR,1BA$1,250
Willow Run of Crest Hill1 bedroom1BR,1BA$1,359
Ravine Woods Apartments2 Bedroom - North2BR,1BA$1,425
Springs at LockportStudio Premier SummitStudio,1BA$1,561
Sixteen30S1Studio,1BA$1,592

Best Value Apartments for Rent in Diamond, IL and Nearby

As of December 27, 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 Willowood Model at Redwood Lockport starting at $2,749 with a $1.99 price per square foot in the Maple Hill 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
Redwood LockportWillowood2BR,2BA$1.99
Parkview Estates2BR/1.5BA2BR,1.5BA$1.66
Reserve at Fox River ApartmentsTwo Bedroom B12BR,2BA$1.63
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
Ravine Woods Apartments2 Bedroom - North2BR,1BA$1.58
811 Covey Ln1x11BR,1BA$1.33
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
Willow Run of Crest Hill1 bedroom1BR,1BA$2.27
101 E Bannon St8111BR,1BA$1.82

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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The 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.

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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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Quick 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.

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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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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 Woodlands of Crest Hill listed at $1,296.

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

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!