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$6501 Bedroom Apartments Available Jul 1
2104-2106 E 58th St, Unit 2106
2104-2106 E 58th StMinneapolis, MN 55417
Cheap Apartments for Rent in the Diamond Lake Neighborhood of Minneapolis, MN from $600 (66 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Lake area of Minneapolis.
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$850 - $1,200
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowDiamond Lake
100-102 W Diamond Lake RdMinneapolis, MN 55419
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$850 - $1,615
Plus Fees
1 to 3 Bedroom Apartments Available NowBossen Park Apartments
5717 31st Ave SMinneapolis, MN 55417
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Rent Specials
$895 - $1,325
Plus Fees1 Month Lease Term
Studio to 2 Bedroom Apartments Available NowWexford Commons Apartments
200-218 W 62nd StMinneapolis, MN 55419
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$935 - $1,195
Plus Fees
Studio to 1 Bedroom Apartments Available NowKarmel Apartments
99 E 54th StMinneapolis, MN 55419
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$975 - $1,150
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now4225 Bloomington Ave
4225 Bloomington AveMinneapolis, MN 55407
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$999 - $1,189
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$949 - $1,139
Required Monthly Fees
$50
Total Monthly Price
$999 - $1,189
Garden Apartments
5700-5712 34th Ave SMinneapolis, MN 55417
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$1,085 - $1,450
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Aug 1Total Monthly Price
Base Rent
$1,025 - $1,390
Required Monthly Fees
$60
Total Monthly Price
$1,085 - $1,450
5544/5301 Chicago Ave S
5544 Chicago AveMinneapolis, MN 55417
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$1,100 - $1,495
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowNicollet Manor
15 W 61st StMinneapolis, MN 55419
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$1,110 - $1,455
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,050 - $1,395
Required Monthly Fees
$60
Total Monthly Price
$1,110 - $1,455
Diamond Pointe Apartments
6106-6116 Lyndale Ave SMinneapolis, MN 55419
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.
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$1,125 - $1,600
Plus Fees
Studio to 1 Bedroom Apartments Available NowSanctuary Lofts
3225 E Minnehaha PkyMinneapolis, MN 55417
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Rent Specials
$1,189 - $2,579
Plus Fees
Studio to 2 Bedroom Apartments Available NowReNew Minnehaha
6045 Lyndale AveMinneapolis, MN 55419
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$1,195 - $1,750
Plus Fees
Studio to 1 Bedroom Apartments Available NowHiawatha Flats
3625 E 43rd StMinneapolis, MN 55406
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$1,207 - $1,946
Total Monthly Price
Studio to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$1,188 - $1,927
Required Monthly Fees
$19
Total Monthly Price
$1,207 - $1,946
Oaks Station Place
3550 E 46th StMinneapolis, MN 55406
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$1,295
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,295
Total Monthly Price
$1,295
14 W 47th St, Unit #4
14 W 47th StMinneapolis, MN 55419
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$1,300 - $1,550
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,145 - $1,395
Required Monthly Fees
Varies
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Varies
Creek Terrace
616 W 53rd StMinneapolis, MN 55419
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Rent Specials
$1,325 - $1,545
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,295 - $1,515
Required Monthly Fees
$30
Total Monthly Price
$1,325 - $1,545
City Limits Apartments
127 E 59th StMinneapolis, MN 55419
5749 33rd Ave S
MinneapolisMN55417
4652 Chicago Ave
MinneapolisMN55407
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$1,475 - $2,750
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Pearl Apartments
5405 Chicago AveMinneapolis, MN 55417
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.
4919 S 34th Ave
MinneapolisMN55417
4436 Grand Ave S
MinneapolisMN55419
7311 Aldrich Ave S
MinneapolisMN55423
5745 Pillsbury Ave
MinneapolisMN55419
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1 Bedroom Apartments
4844 Chicago
4844 Chicago AveMinneapolis, MN 55417
5430 S 34th Ave
MinneapolisMN55417
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1 Bedroom Apartments
4422 Nicollet Ave
4422 Nicollet AveMinneapolis, MN 55419
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1 Bedroom Apartments
5600 Nicollet Avenue South
5600 Nicollet AveMinneapolis, MN 55419
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1 Bedroom Apartments
Casablanca
4711 Nicollet Ave SMinneapolis, MN 55419
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Studio to 1 Bedroom Apartments
5301 Chicago Avenue South
5301 Chicago AveMinneapolis, MN 55417
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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1 Bedroom Apartments
4532 Bryant Ave S
4532 Bryant Ave SMinneapolis, MN 55419
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1 Bedroom Apartments
4840 Chicago
4840 Chicago AveMinneapolis, MN 55417
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Studio to 1 Bedroom Apartments
4900 Chicago
4900 Chicago AveMinneapolis, MN 55417
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Studio to 2 Bedroom Apartments
InHabit Apartments
5924 Pillsbury Ave SMinneapolis, MN 55419
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1 Bedroom Apartments
4233 Nicollet Ave S
4233 Nicollet Ave SMinneapolis, MN 55409
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Studio to 2 Bedroom Apartments
Rustic Lodge
4815 Nicollet AveMinneapolis, MN 55419
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Studio to 2 Bedroom Apartments
The Aubrey
4220-4230 Nicollet AveMinneapolis, MN 55409
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Studio to 2 Bedroom Apartments
4610 Bryant Ave S
4610 Bryant Ave SMinneapolis, MN 55419
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3 Bedroom Apartments
Windom Gables
33 Wentworth CtMinneapolis, MN 55419
2804 E 44th St
MinneapolisMN55406
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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Studio to 2 Bedroom Apartments
Fuller Park Flats
4738 Grand Ave SMinneapolis, MN 55419
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1 to 3 Bedroom Apartments
NIC 44
4429 S Nicollet AveMinneapolis, MN 55419
5552 1st Ave S
MinneapolisMN55419
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Rent Specials
$935 - $995
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$935 - $995
Total Monthly Price
Varies
Richlyn
6345 Lyndale Ave SRichfield, MN 55423
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$1,040 - $1,075
Plus Fees1 Month Lease Term
1 Bedroom Apartments Available Jun 24Lyndale Gardens
6301-6325 Lyndale Ave SRichfield, MN 55423
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$1,122 - $1,923
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,122 - $1,923
Total Monthly Price
Varies
Riley
600 W 64th St WRichfield, MN 55423
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$1,125 - $1,300
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowSouth Pleasant Apartments
6321-6329 Pleasant Ave SRichfield, MN 55423
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$1,160 - $1,645
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,160 - $1,645
Total Monthly Price
$1,160 - $1,645
Woodlake Park
6304 Dupont Ave SRichfield, MN 55423
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$1,229 - $1,483
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,225 - $1,479
Required Monthly Fees
Varies
Total Monthly Price
Varies
Portland Terrace
7232 Portland AveRichfield, MN 55423
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$1,284 - $2,983
Plus Fees
Studio to 3 Bedroom Apartments Available NowRya Apartments
6400 Richfield PkyRichfield, MN 55423
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Diamond Lake, Minneapolis, MN Local Guide
Target Field
in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent an apartment in Diamond Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Diamond Lake Studio Apartments | $1,247 | $850 | $1,699 |
| Diamond Lake 1 Bedroom Apartments | $1,416 | $650 | $1,934 |
| Diamond Lake 2 Bedroom Apartments | $1,724 | $1,125 | $2,579 |
| Diamond Lake 3 Bedroom Apartments | $2,191 | $1,615 | $2,660 |
| Diamond Lake 4 Bedroom Apartments | $2,936 | $2,936 | $2,936 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 66 rentals with your search options within a 2 mile radius of the Diamond Lake Neighborhood of Minneapolis, MN.
See all Apartments in MinneapolisExplore Minneapolis
Diamond Lake, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Diamond Lake Apartments for Rent
The cheapest available apartment rental in the Diamond Lake area of Minneapolis, MN is a Studio unit found at Diamond Lake priced from $850. Bossen Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Diamond Lake apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Diamond Lake | East - Studio | Studio,1BA | $850 |
| Bossen Park Apartments | 1-bedroom | 1BR,1BA | $850 |
| Wexford Commons Apartments | Efficiency | Studio,1BA | $895 |
| 1001/15 East 66th St. | 1BR/1.0BA | 1BR,1BA | $895 |
| Richlyn | Unit 22 - 50% AMI | Studio,1BA | $935 |
| 4225 Bloomington Ave | 1 Bedroom 1 Bath | 1BR,1BA | $975 |
| Garden Apartments | 1Bed/Bath | 1BR,1BA | $999 |
| Nicollet Manor | 1 bedroom | 1BR,1BA | $1,100 |
| Sanctuary Lofts | 0BR/1.0BA | Studio,1BA | $1,125 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1,125 |
Best Value Apartments for Rent in Diamond Lake, MN
As of June 14, 2026 the best value apartment in the Diamond Lake area is the $1.25 price per square foot 2 bed Model at Nicollet Manor in the in the Armatage neighborhood starting from $1,495. The second greatest value Diamond Lake apartment is the Two Bedroom Model at Diamond Pointe Apartments starting at $1,405 with a $1.56 price per square foot in the Armatage neighborhood. Here is today’s list of the best values for Diamond Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Nicollet Manor | 2 bed | 2BR,1BA | $1.25 |
| Diamond Pointe Apartments | Two Bedroom | 2BR,1BA | $1.56 |
| Creek Terrace | Creek - 2BR - Creek | 2BR,1.5BA | $1.74 |
| City Limits Apartments | Nokomis | 2BR,1BA | $1.70 |
| ReNew Minnehaha | A2 | 1BR,1BA | $1.65 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1.56 |
| Woodlake Park | Lynwood | 1BR,1BA | $1.72 |
| 4225 Bloomington Ave | 1 Bedroom 1 Bath | 1BR,1BA | $1.50 |
| Bossen Park Apartments | 1-bedroom | 1BR,1BA | $1.32 |
| Garden Apartments | 1Bed/Bath | 1BR,1BA | $1.71 |
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 Article
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
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.
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If you’re an expert on all things Diamond Lake, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDiamond Lake, Minneapolis, MN
Ranked #121
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Diamond Lake Apartments
What is a cheap apartment in Diamond Lake?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Diamond Lake is under $1,125.
What is the price of a cheap apartment in Diamond Lake?
The cheapest apartment in Diamond Lake is Bossen Park Apartments which is listed at $850, while the average apartment in Diamond Lake costs $2,936.
What types of apartments are the cheapest in Diamond Lake?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Diamond Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Helpful Local Expert Guides
A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
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.