
Cheap Homes for Rent in Diamond, IL from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Diamond.


407 E Seminole St

101 Bannon Dr

115 N Hickory St

25731 W Bridge St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

602 Meadowood Ln

138 S 1st St

144 1st

204 E Washington St

1002 W Marion 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
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 | $1,932 | $950 | $3,200 |
| Diamond 3 Bedroom Homes for Rent | $2,212 | $1,500 | $3,285 |
| Diamond 4 Bedroom Homes for Rent | $3,417 | $2,575 | $4,000 |
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. 811 Covey Ln has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. 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 |
| 811 Covey Ln | 1x1 | 1BR,1BA | $1,200 |
| Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
| The Woodlands of Crest Hill | Studio C | Studio,1BA | $1,219 |
| Bays Tower Apartments | Studio | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Diamond, IL and Nearby
As of June 12, 2026 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 $3,024 with a $2.19 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Home at Ashcroft | Douglas BF | 3BR,2BA | $2.24 |
| Redwood Lockport | Willowood | 2BR,2BA | $2.19 |
| Remington Apartment Homes | Intuition | 3BR,2BA | $2.02 |
| Reserve at Romeoville | Highlands | 2BR,2BA | $1.88 |
| Reserve at Fox River | 3BR | 3BR,2BA | $1.78 |
| Village Place Apartments | Spruce | 2BR,2BA | $2.11 |
| Pheasant Run Apartments | sc3s1.5 | 3BR,1.5BA | $1.77 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| 811 Covey Ln | 1x1 | 1BR,1BA | $1.33 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
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.
Read ArticleQuick 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.
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 61 Apartments for Rent in Diamond, IL with pricing that ranges from $895 to $4,767. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond ranging from $950 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 $950 to $4,000 with an average monthly rent of $2,287.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.