Cheap Homes for Rent in Diamond, IL from $1,300 (11 Rentals)

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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.

property at 318 Liberty St
$1,450 - $1,550
1 To 2 Bedroom Rentals
Available Now

318 Liberty St

MorrisIL60450

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

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 ListingModel NameBed/BathPriced From
Stone FallsOne Bedroom, Base Package1BR,1BA$949
Tudor Park ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,209
Bays Tower ApartmentsStudio1BR,1BA$1,250
The Woodlands of Crest HillStudio RenovatedStudio,1BA$1,279
The Birches Apartments1s1BR,1BA$1,325

Best Value Apartments for Rent in Diamond, IL and Nearby

As of September 11, 2026 the best value apartment in the Diamond area is the $0.83 price per square foot 3BR/1.5BA Model at Bellarmine Estates in Joliet in the in the Sunset Point neighborhood starting from $1,995. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bellarmine Estates in Joliet3BR/1.5BA3BR,1.5BA$0.83
Home at AshcroftDouglas BF3BR,2BA$2.24
Parkview Estates2BR/1.5BA2BR,1.5BA$1.75
Reserve at Fox River3BR3BR,2BA$1.78
Highland RidgeD-2x22BR,2BA$2.01
Village Place ApartmentsCypress2BR,2BA$1.99
Pheasant Run Apartmentssc3s1.53BR,1.5BA$1.83
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.38
Seasons at Plainfield1E1BR,1BA$2.20
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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:
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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 $4,709. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond ranging from $1,300 to $4,200.

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 $1,300 to $4,200 with an average monthly rent of $2,414.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.