
Cheap Homes for Rent in Diamond, IL from $1,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Diamond.


101 Bannon Dr

825 W Jefferson St

465-479 N School St

723 Richards St
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.

318 Liberty St

262 W Myrtle St

25665 W Bridge St

25731 W Bridge St

144 1st
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.

200 Madison St
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 | $1,952 | $1,450 | $3,200 |
| Diamond 3 Bedroom Homes for Rent | $2,402 | $1,700 | $2,850 |
| Diamond 4 Bedroom Homes for Rent | $2,932 | $1,400 | $4,195 |
| Diamond 5 Bedroom Homes for Rent | $2,975 | $2,975 | $2,975 |
Browse Top Homes for Rent in Diamond
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Falls | One Bedroom, Base Package | 1BR,1BA | $949 |
| 101 E Bannon St | 811 | 1BR,1BA | $1,000 |
| 811 Covey Ln | 1x1 | 1BR,1BA | $1,200 |
| Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
| The Woodlands of Crest Hill | Cypress | 1BR,1BA | $1,243 |
Best Value Apartments for Rent in Diamond, IL and Nearby
As of January 11, 2026 the best value apartment in the Diamond area is the $2.01 price per square foot Haydenwood Model at Redwood Lockport in the in the Maple Hill neighborhood starting from $2,702. The second greatest value Diamond apartment is the 2BR/1.5BA Model at Parkview Estates starting at $1,995 with a $1.66 price per square foot in the Draper Avenue 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. |
|---|---|---|---|
| Redwood Lockport | Haydenwood | 2BR,2BA | $2.01 |
| Parkview Estates | 2BR/1.5BA | 2BR,1.5BA | $1.66 |
| Highland Ridge | C1-2x2 | 2BR,2BA | $2.06 |
| Lincoln Station Rowhomes | C1 | 2BR,2BA | $2.20 |
| Reserve at Fox River Apartments | Two Bedroom B1 | 2BR,2BA | $1.63 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| 811 Covey Ln | 1x1 | 1BR,1BA | $1.33 |
| Ravine Woods Apartments | 2 Bedroom - North | 2BR,1BA | $1.58 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
| 101 E Bannon St | 811 | 1BR,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.
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
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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 60 Apartments for Rent in Diamond, IL with pricing that ranges from $895 to $4,108. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond ranging from $1,000 to $4,195.
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 $4,195 with an average monthly rent of $2,277.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!