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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
Cheap Apartments for Rent in the Diamond Lake Neighborhood of Minneapolis, MN from $850 (73 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Lake area of Minneapolis.
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$850 - $1,615
Total Monthly Price
1 to 3 Bedroom Apartments Available Sep 1Total Monthly Price
Base Rent
$850 - $1,615
Total Monthly Price
$850 - $1,615
Bossen Park Apartments
5717 31st Ave SMinneapolis, MN 55417
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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
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$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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$1,079 - $1,819
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,079 - $1,819
Total Monthly Price
$1,079 - $1,819
ReNew Minnehaha
6045 Lyndale AveMinneapolis, MN 55419
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$1,110 - $1,450
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Oct 1Total Monthly Price
Base Rent
$1,050 - $1,390
Required Monthly Fees
$60
Total Monthly Price
$1,110 - $1,450
5544/5301 Chicago Ave S
5544 Chicago AveMinneapolis, MN 55417
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$1,150
Plus Fees
1 Bedroom Apartments Available Oct 14610 Bryant Ave S
4610 Bryant Ave SMinneapolis, MN 55419
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Rent Specials
$1,195 - $2,365
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195 - $2,365
Total Monthly Price
$1,195 - $2,365
Hiawatha Flats
3625 E 43rd StMinneapolis, MN 55406
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$1,195
Plus Fees
1 Bedroom Apartments Available NowKarmel Apartments
99 E 54th StMinneapolis, MN 55419
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$1,207 - $1,880
Total Monthly Price
Studio to 2 Bedroom Apartments Available Oct 9Total Monthly Price
Base Rent
$1,188 - $1,861
Required Monthly Fees
$19
Total Monthly Price
$1,207 - $1,880
Oaks Station Place
3550 E 46th StMinneapolis, MN 55406
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.
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$1,230 - $1,650
Plus Fees
Studio to 1 Bedroom Apartments Available NowSanctuary Lofts
3225 E Minnehaha PkyMinneapolis, MN 55417
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$1,295 - $1,500
Plus Fees
1 to 2 Bedroom Apartments Available NowCity Limits Apartments
127 E 59th StMinneapolis, MN 55419
5223 Bloomington Ave
MinneapolisMN55417
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$1,410 - $1,555
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Available NowTotal Monthly Price
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$1,350 - $1,495
Required Monthly Fees
$60
Total Monthly Price
$1,410 - $1,555
Diamond Pointe Apartments
6106-6116 Lyndale Ave SMinneapolis, MN 55419
4224 Cedar Ave S
MinneapolisMN55407
4436 Grand Ave S
MinneapolisMN55419
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$1,645
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Sep 1Total Monthly Price
Base Rent
$1,645
Total Monthly Price
$1,645
5817 Blaisdell Ave, Unit 5817
5817 Blaisdell AveMinneapolis, MN 55419
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$1,650
Total Monthly Price
2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,495
Required Monthly Fees
Varies
Total Monthly Price
Varies
Creek Terrace
616 W 53rd StMinneapolis, MN 55419
7311 Aldrich Ave S
MinneapolisMN55423
4642 Bloomington Ave
MinneapolisMN55407
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.
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$1,850
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available Sep 1Total Monthly Price
Base Rent
$1,850
Total Monthly Price
$1,850
4549 5th Ave S, Unit 4549 5th Ave S
4549 5th Ave SMinneapolis, MN 55419
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$1,850
Total Monthly Price9 Month Lease Term
2 Bedroom Apartment Available Sep 15Total Monthly Price
Base Rent
$1,850
Total Monthly Price
$1,850
707 W 44th St, Unit 2
707 W 44th StMinneapolis, MN 55409
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$2,1003 Bedroom Apartments Available Sep 1
6336 Nicollet Ave, Unit 1
6336 Nicollet AveMinneapolis, MN 55423
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1 Bedroom Apartments
4844 Chicago
4844 Chicago AveMinneapolis, MN 55417
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Studio to 2 Bedroom Apartments
Wexford Commons Apartments
200-218 W 62nd StMinneapolis, MN 55419
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1 Bedroom Apartments
4422 Nicollet Ave
4422 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
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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
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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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
5600 Nicollet
5600 Nicollet AveMinneapolis, MN 55419
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1 to 2 Bedroom Apartments
Nicollet Manor
15 W 61st StMinneapolis, 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
5430 S 34th Ave
MinneapolisMN55417
6615 Lake Shore Dr S
MinneapolisMN55423
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Studio to 2 Bedroom Apartments
Fuller Park Flats
4738 Grand Ave SMinneapolis, MN 55419
5749 33rd Ave S
MinneapolisMN55417
Diamond Lake - One of the Best Affordable Neighborhoods in Minneapolis
Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!
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1 to 3 Bedroom Apartments
The Pearl Apartments
5405 Chicago AveMinneapolis, MN 55417
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3 Bedroom Apartments
Windom Gables
33 Wentworth CtMinneapolis, MN 55419
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1 to 3 Bedroom Apartments
NIC 44
4429 S Nicollet AveMinneapolis, MN 55419
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Studio to 1 Bedroom Apartments
Village Shores
710 W 66th StMinneapolis, MN 55423
7215 12th Ave S
MinneapolisMN55423
5604 1st Ave S
MinneapolisMN55419
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$886 - $913
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$886 - $913
Total Monthly Price
Varies
Richlyn
6345 Lyndale Ave SRichfield, MN 55423
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$1,075 - $1,125
Plus Fees1 Month Lease Term
1 Bedroom Apartments Available NowLyndale Gardens
6301-6325 Lyndale Ave SRichfield, MN 55423
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$1,101 - $1,808
Total Monthly Price
Studio to 1 Bedroom Apartments Available Sep 30Total Monthly Price
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$1,101 - $1,808
Total Monthly Price
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Riley
600 W 64th St WRichfield, MN 55423
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$1,125 - $1,250
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowSouth Pleasant Apartments
6321-6329 Pleasant Ave SRichfield, MN 55423
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.
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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 | $1,309 | $850 | $1,729 |
| Diamond Lake 1 Bedroom Apartments | $1,435 | $850 | $1,879 |
| Diamond Lake 2 Bedroom Apartments | $1,831 | $1,125 | $2,620 |
| Diamond Lake 3 Bedroom Apartments | $2,191 | $1,615 | $2,945 |
| Diamond Lake 4 Bedroom Apartments | $2,600 | $2,600 | $2,600 |
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 73 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
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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. Richlyn has the second lowest priced unit, which is a Studio apartment currently listed from $886. 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 |
| Richlyn | Unit 2 - 50% AMI | Studio,1BA | $886 |
| 4225 Bloomington Ave | 1 Bedroom 1 Bath | 1BR,1BA | $975 |
| Garden Apartments | 1Bed/Bath | 1BR,1BA | $999 |
| Lyndale Gardens | 1 Bedroom Large | 1BR,1BA | $1,075 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1,125 |
| ReNew Minnehaha | A2 | 1BR,1BA | $1,149 |
| Henley (6324-6344 Lyndale) | Studio | Studio,1BA | $1,175 |
| Hiawatha Flats | SA | Studio,1BA | $1,195 |
| Karmel Apartments | 1 BR, 1 BA | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Diamond Lake, MN
As of August 31, 2026 the best value apartment in the Diamond Lake area is the $1.94 price per square foot 2BR Penthouse - PH2 Model at The Aubrey in the in the Armatage neighborhood starting from $2,695. The second greatest value Diamond Lake apartment is the Harriet Model at City Limits Apartments starting at $1,500 with a $1.64 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. |
|---|---|---|---|
| The Aubrey | 2BR Penthouse - PH2 | 2BR,2BA | $1.94 |
| City Limits Apartments | Harriet | 2BR,1BA | $1.64 |
| Diamond Pointe Apartments | Two Bedroom | 2BR,1BA | $1.57 |
| Cedar Apartments | 2 Bedroom | 2BR,1BA | $1.60 |
| ReNew Minnehaha | A1 | 1BR,1BA | $1.65 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1.56 |
| Karmel Apartments | 1 BR, 1 BA | 1BR,1BA | $1.78 |
| 4225 Bloomington Ave | 1 Bedroom 1 Bath | 1BR,1BA | $1.50 |
| Lyndale Gardens | 1 Bedroom Large | 1BR,1BA | $1.82 |
| 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.
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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.
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Pet Friendly LifestyleDiamond Lake, Minneapolis, MN
Ranked #120
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 $1,195.
What is the price of a cheap apartment in Diamond Lake?
The cheapest apartment in Diamond Lake is 4225 Bloomington Ave which is listed at $975, while the average apartment in Diamond Lake costs $1,455.
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 2 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
Authentic Minneapolis: An Insider's 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.
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.
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.
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.
Articles, How-To's, and Tips
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.
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.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.