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$825 - $1,350
Plus Fees12 Month Lease Term
Studio to 2 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 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Lake area of Minneapolis.
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$850 - $1,750
Plus Fees
1 to 3 Bedroom Apartments Available May 1Bossen Park Apartments
5717 31st Ave SMinneapolis, MN 55417
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$895 - $1,295
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 - $1,250
Plus Fees
Studio to 1 Bedroom Apartments Available NowKarmel Apartments
99 E 54th StMinneapolis, MN 55419
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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, Unit 5
4528 Bryant Ave SMinneapolis, MN 55419
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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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$1,025
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now4900 Chicago
4900 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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$1,125 - $2,550
Plus Fees
Studio to 2 Bedroom Apartments Available NowSanctuary Lofts
3225 E Minnehaha PkyMinneapolis, MN 55417
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$1,135 - $1,175
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Jul 1Total Monthly Price
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$1,075 - $1,115
Required Monthly Fees
$60
Total Monthly Price
$1,135 - $1,175
5544/5301 Chicago Ave S
5544 Chicago AveMinneapolis, MN 55417
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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$1,159 - $1,549
Plus Fees
Studio to 1 Bedroom Apartments Available NowReNew Minnehaha
6045 Lyndale AveMinneapolis, MN 55419
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$1,175 - $1,555
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Jun 1Total Monthly Price
Base Rent
$1,115 - $1,495
Required Monthly Fees
$60
Total Monthly Price
$1,175 - $1,555
Diamond Pointe Apartments
6106-6116 Lyndale Ave SMinneapolis, MN 55419
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$1,207 - $1,914
Total Monthly Price
Studio to 2 Bedroom Apartments Available May 8Total Monthly Price
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$1,188 - $1,895
Required Monthly Fees
$19
Total Monthly Price
$1,207 - $1,914
Oaks Station Place
3550 E 46th StMinneapolis, MN 55406
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$1,310 - $1,525
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,280 - $1,495
Required Monthly Fees
$30
Total Monthly Price
$1,310 - $1,525
City Limits Apartments
127 E 59th StMinneapolis, MN 55419
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$1,320 - $2,275
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,270 - $2,225
Required Monthly Fees
$50
Total Monthly Price
$1,320 - $2,275
Hiawatha Flats
3625 E 43rd StMinneapolis, MN 55406
5749 33rd Ave S
MinneapolisMN55417
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$1,5002 Bedroom Apartments Available May 1
4719 Chicago Ave
4719 Chicago AveMinneapolis, MN 55407
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$1,500 - $2,750
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Pearl Apartments
5405 Chicago AveMinneapolis, MN 55417
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$1,650
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,495
Required Monthly Fees
Varies
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Creek Terrace
616 W 53rd StMinneapolis, MN 55419
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$1,795 - $2,095
Total Monthly Price14 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
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$1,795 - $2,095
Total Monthly Price
Varies
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.
4344 Chicago Ave
MinneapolisMN55407
4919 S 34th Ave
MinneapolisMN55417
145 W Diamond Lake Rd
MinneapolisMN55419
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1 Bedroom Apartments
4844 Chicago
4844 Chicago AveMinneapolis, MN 55417
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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
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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
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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1 Bedroom Apartments
4233 Nicollet Ave S
4233 Nicollet Ave SMinneapolis, MN 55409
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Studio to 2 Bedroom Apartments
InHabit Apartments
5924 Pillsbury Ave SMinneapolis, MN 55419
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Studio to 2 Bedroom Apartments
4610 Bryant Ave S
4610 Bryant Ave SMinneapolis, MN 55419
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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
6109-6111 Nicollet Ave
MinneapolisMN55419
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3 Bedroom Apartments
Windom Gables
33 Wentworth CtMinneapolis, MN 55419
2804 E 44th St
MinneapolisMN55406
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1 to 3 Bedroom Apartments
NIC 44
4429 S Nicollet AveMinneapolis, MN 55419
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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
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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$1,040 - $1,075
Plus Fees1 Month Lease Term
1 Bedroom Apartments Available NowLyndale Garden
6301-6325 Lyndale Ave SRichfield, 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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$1,145 - $1,950
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available May 1Lyndale Plaza Apartments
6401 Lyndale Ave SRichfield, MN 55423
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$1,160 - $1,645
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,160 - $1,645
Total Monthly Price
$1,160 - $1,645
Woodlake Park
6304 Dupont Ave SRichfield, MN 55423
6324 Lyndale Ave S
RichfieldMN55423
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$1,195 - $1,763
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,195 - $1,763
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Riley
600 W 64th St WRichfield, MN 55423
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$1,229 - $1,483
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,225 - $1,479
Required Monthly Fees
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Total Monthly Price
Varies
Portland Terrace
7232 Portland AveRichfield, MN 55423
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$1,234 - $2,174
Plus Fees
Studio to 3 Bedroom Apartments Available NowThe Chamberlain Apartments
6630 Richfield PkyRichfield, MN 55423
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$1,335 - $2,135
Plus Fees
Studio to 3 Bedroom Apartments Available NowRya Apartments
6400 Richfield PkyRichfield, MN 55423
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Rent Specials
$1,450 - $3,195
Plus Fees
Studio to 3 Bedroom Apartments Available NowLynvue
6445 Lyndale Ave SRichfield, 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.
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 | $1,204 | $825 | $1,549 |
| Diamond Lake 1 Bedroom Apartments | $1,403 | $850 | $2,095 |
| Diamond Lake 2 Bedroom Apartments | $1,738 | $1,125 | $2,550 |
| Diamond Lake 3 Bedroom Apartments | $2,141 | $1,750 | $3,195 |
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 63 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
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- 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. Richlyn has the second lowest priced unit, which is a Studio apartment currently listed from $935. 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 |
| Richlyn | Unit 22 - 50% AMI | Studio,1BA | $935 |
| Garden Apartments | 1Bed/Bath | 1BR,1BA | $999 |
| 4233 Nicollet Ave S | 1BR/1.0BA | 1BR,1BA | $1,015 |
| 4900 Chicago | 1 bedroom | 1BR,1BA | $1,025 |
| Lyndale Garden | 1 Bedroom Large | 1BR,1BA | $1,040 |
| Nicollet Manor | 1 bedroom | 1BR,1BA | $1,100 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1,125 |
| Henley (6324-6344 Lyndale) | Studio | Studio,1BA | $1,175 |
Best Value Apartments for Rent in Diamond Lake, MN
As of April 29, 2026 the best value apartment in the Diamond Lake area is the $1.63 price per square foot 2BR/2.0BA Model at Sanctuary Lofts in the in the Northrup neighborhood starting from $2,550. The second greatest value Diamond Lake apartment is the Windom (3bd/2ba) - 1250sqft Model at Windom Gables starting at $1,921 with a $1.54 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. |
|---|---|---|---|
| Sanctuary Lofts | 2BR/2.0BA | 2BR,2BA | $1.63 |
| Windom Gables | Windom (3bd/2ba) - 1250sqft | 3BR,2BA | $1.54 |
| Nicollet Manor | 2 bed | 2BR,1BA | $1.25 |
| Woodlake Park | Wooddale | 2BR,1.5BA | $1.53 |
| City Limits Apartments | Harriet | 2BR,1BA | $1.64 |
| 4233 Nicollet Ave S | 1BR/1.0BA | 1BR,1BA | $1.30 |
| Cedar Apartments | 2 Bedroom | 2BR,1BA | $1.64 |
| 4900 Chicago | 1 bedroom | 1BR,1BA | $1.41 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1.56 |
| 4528 Bryant Ave S, Unit 5 | 4528 Bryant Ave S | 1BR,1BA | $1.53 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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Pet Friendly LifestyleDiamond Lake, Minneapolis, MN
Ranked #115
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 $1,175.
What is the price of a cheap apartment in Diamond Lake?
The cheapest apartment in Diamond Lake is Garden Apartments which is listed at $999, while the average apartment in Diamond Lake costs $1,921.
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 6 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.
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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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