
Cheap Homes for Rent near Diamond, IL from $1,000 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Diamond.


101 Bannon Dr

1161 S Buchanan St

115 N Hickory St

602 Meadowood Ln
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

318 Liberty St

138 S 1st St

1353 Lakeview Ave

121 Davis Ave

912 Douglas St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Diamond, IL Local Guide

How much does it cost to rent a home in Diamond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Diamond 2 Bedroom Homes for Rent | $1,986 | $1,000 | $3,200 |
| Diamond 3 Bedroom Homes for Rent | $2,489 | $1,575 | $3,400 |
| Diamond 4 Bedroom Homes for Rent | $2,974 | $2,400 | $4,000 |
| Diamond 5 Bedroom Homes for Rent | $3,285 | $3,285 | $3,285 |
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Diamond, IL Local Guide
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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. Tudor Park Apartments in the Downtown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,209. Here is today’s list of the most affordable Diamond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Falls | One Bedroom, Base Package | 1BR,1BA | $949 |
| Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
| Bays Tower Apartments | Studio | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Diamond, IL and Nearby
As of July 27, 2026 the best value apartment in the Diamond area is the $0.91 price per square foot 3BR/1.5BA Model at Bellarmine Estates in the in the Sunset Point neighborhood starting from $2,195. The second greatest value Diamond apartment is the Douglas BF Model at Home at Ashcroft starting at $3,600 with a $2.24 price per square foot in the Ashcroft Place neighborhood. Here is today’s list of the best values for Diamond apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bellarmine Estates | 3BR/1.5BA | 3BR,1.5BA | $0.91 |
| Home at Ashcroft | Douglas BF | 3BR,2BA | $2.24 |
| Redwood Lockport | Forestwood | 2BR,2BA | $2.11 |
| Reserve at Romeoville | Highlands-G | 2BR,2BA | $2.09 |
| Reserve at Fox River | 3BR | 3BR,2BA | $1.78 |
| Village Place Apartments | Cypress | 2BR,2BA | $2.07 |
| Pheasant Run Apartments | sc3s1.5 | 3BR,1.5BA | $1.82 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $2.27 |
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.
Read ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Diamond
What type of rentals are currently available in Diamond?
There are currently 62 Apartments for Rent in Diamond, IL with pricing that ranges from $895 to $4,657. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond ranging from $1,000 to $4,000.
What is the current price range for Rental Homes in Diamond?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Diamond ranges from $1,000 to $4,000 with an average monthly rent of $2,435.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.