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$825 - $1,175
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowDiamond Lake Properties
100-102 W Diamond Lake RdMinneapolis, MN 55419
Cheap Apartments for Rent in the Diamond Lake Neighborhood of Minneapolis, MN from $800 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Lake area of Minneapolis.
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$875 - $925
Plus Fees
1 Bedroom Apartments Available NowBossen Park Apartments
5717 31st Ave SMinneapolis, MN 55417
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$995
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$995
Total Monthly Price
$995
4528 Bryant Ave S, Unit 5
4528 Bryant Ave SMinneapolis, MN 55419
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Rent Specials
$1,025 - $1,250
Plus Fees9 Month Lease Term
1 to 2 Bedroom Apartments Available NowWexford Commons Apartments
200-218 W 62nd StMinneapolis, MN 55419
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$1,047
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowGarden Apartments
5700-5712 34th Ave SMinneapolis, MN 55417
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$1,080 - $1,697
Plus Fees
Studio to 2 Bedroom Apartments Available NowReNew Minnehaha
6045 Lyndale AveMinneapolis, MN 55419
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$1,110 - $1,155
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,050 - $1,095
Required Monthly Fees
$60
Total Monthly Price
$1,110 - $1,155
5544/5301 Chicago Ave S
5544 Chicago AveMinneapolis, MN 55417
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$1,150 - $1,945
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,150 - $1,945
Total Monthly Price
$1,150 - $1,945
Fuller Park Flats
4738 Grand Ave SMinneapolis, MN 55419
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.
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$1,155 - $1,455
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Dec 1Total Monthly Price
Base Rent
$1,095 - $1,395
Required Monthly Fees
$60
Total Monthly Price
$1,155 - $1,455
Diamond Pointe Apartments
6106-6116 Lyndale Ave SMinneapolis, MN 55419
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$1,188 - $1,861
Plus Fees
Studio to 2 Bedroom Apartments Available NowOaks Station Place
3550 E 46th StMinneapolis, MN 55406
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99 E 54th St
MinneapolisMN55419
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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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Rent Specials
$995 - $1,020
Plus Fees9 Month Lease Term
1 Bedroom Apartments Available Nov 28Lyndale Garden
6301-6325 Lyndale Ave SRichfield, MN 55423
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$1,145 - $1,655
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,145 - $1,655
Total Monthly Price
$1,145 - $1,655
Woodlake Park
6304 Dupont Ave SRichfield, MN 55423
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$1,183 - $1,483
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,179 - $1,479
Required Monthly Fees
$4
Total Monthly Price
$1,183 - $1,483
Portland Terrace
7232 Portland AveRichfield, MN 55423
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.
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$1,185 - $2,884
Plus Fees
Studio to 3 Bedroom Apartments Available NowRya Apartments
6400 Richfield PkyRichfield, MN 55423
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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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Showing Results 1-37, Page 1 of 1
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 | $1,313 | $825 | $1,595 |
| Diamond Lake 1 Bedroom Apartments | $1,414 | $875 | $1,945 |
| Diamond Lake 2 Bedroom Apartments | $1,843 | $1,175 | $2,545 |
| Diamond Lake 3 Bedroom Apartments | $2,245 | $1,995 | $2,579 |
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 37 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 Properties priced from $825. 1001/15 East 66th St. 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 Properties | Model EA | Studio,1BA | $825 |
| 1001/15 East 66th St. | 1BR/1.0BA | 1BR,1BA | $850 |
| Bossen Park Apartments | 1-bedroom | 1BR,1BA | $875 |
| Windom Gables | Studio | Studio,1BA | $995 |
| 4532 Bryant Ave S | Garden Level | 1BR,1BA | $995 |
| Wexford Commons Apartments | 1 Bedroom | 1BR,1BA | $1,025 |
| 4900 Chicago | 1 Bed, 1 bath | 1BR,1BA | $1,025 |
| Garden Apartments | 1Bed/Bath | 1BR,1BA | $1,047 |
| ReNew Minnehaha | S1 | Studio,1BA | $1,080 |
Best Value Apartments for Rent in Diamond Lake, MN
As of November 19, 2025 the best value apartment in the Diamond Lake area is the $1.47 price per square foot 4406-1 Nicollet Ave Model at 4406-1 Nicollet Ave, Unit 1 in the in the Armatage neighborhood starting from $2,200. The second greatest value Diamond Lake apartment is the 4942 Lyndale Ave S Model at 4942 Lyndale Ave S, Unit #2 - Upper Floor starting at $2,250 with a $1.50 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. |
|---|---|---|---|
| 4406-1 Nicollet Ave, Unit 1 | 4406-1 Nicollet Ave | 3BR,2BA | $1.47 |
| 4942 Lyndale Ave S, Unit #2 - Upper Floor | 4942 Lyndale Ave S | 3BR,1BA | $1.50 |
| 4242 S 15th Ave, Unit 1 | 4242 S 15th Ave | 3BR,1BA | $1.66 |
| 4334 Nicollet Ave, Unit 2 | 4334 Nicollet Ave | 2BR,1BA | $1.64 |
| Creek Terrace | Creek - 2BR - Creek remodeled | 2BR,1.5BA | $1.67 |
| City Limits Apartments | Nokomis | 2BR,1BA | $1.60 |
| 4900 Chicago | 1 Bed, 1 bath | 1BR,1BA | $1.41 |
| 4528 Bryant Ave S, Unit 5 | 4528 Bryant Ave S | 1BR,1BA | $1.53 |
| Wexford Commons Apartments | 1 Bedroom | 1BR,1BA | $1.58 |
| Bossen Park Apartments | 1-bedroom | 1BR,1BA | $1.36 |
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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The 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 ArticleEnjoy 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.
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Pet Friendly LifestyleDiamond Lake, Minneapolis, MN
Ranked #132
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Diamond Lake Neighborhood in Minneapolis, MN
Walk Score®
53 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
68 / 100
Bikeable
Some bike infrastructure
Transit Score®
45 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,080.
What is the price of a cheap apartment in Diamond Lake?
The cheapest apartment in Diamond Lake is 1001/15 East 66th St. which is listed at $850, while the average apartment in Diamond Lake costs $2,225.
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 4 regular apartments in Diamond Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Diamond Lake?
Cheap apartments in Diamond Lake have an average cost of $102 which is $2,123 cheaper than the average rent for all rentals in Diamond Lake.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.