Studio Apartments for Rent in the Diamond Lake Neighborhood of Minneapolis, MN (33 Rentals)

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property at 99 E 54th St

99 E 54th St

MinneapolisMN55419

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Diamond Lake Properties
Studio Apartments

Diamond Lake Properties

100-102 W Diamond Lake RdMinneapolis, MN 55419
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InHabit Apartments
Studio Apartments

InHabit Apartments

5924 Pillsbury Ave SMinneapolis, MN 55419
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Rustic Lodge
Studio Apartments

Rustic Lodge

4815 Nicollet AveMinneapolis, MN 55419
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24 E Diamond Lake Rd
Studio Apartments

24 E Diamond Lake Rd

24 E Diamond Lake RdMinneapolis, MN 55419
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Nokomis Square
Studio Apartments

Nokomis Square

5015 35th Ave SMinneapolis, MN 55417
Senior Living

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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4430 Nicollet Ave
Studio Apartments

4430 Nicollet Ave

4430 Nicollet AveMinneapolis, MN 55419
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4900 Chicago
Studio Apartments

4900 Chicago

4900 Chicago AveMinneapolis, MN 55417
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5745 Bossen Ter
Studio Apartments

5745 Bossen Ter

5745 Bossen TerMinneapolis, MN 55417
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5430 34th Avenue
Studio Apartments

5430 34th Avenue

5430 34th Ave SMinneapolis, MN 55417
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Sanctuary Lofts
Studio Apartments

Sanctuary Lofts

3225 E Minnehaha PkyMinneapolis, MN 55417
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50th St Apartments
Studio Apartments

50th St Apartments

3425 E 50th StMinneapolis, MN 55417
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5749 Bossen Ter
Studio Apartments

5749 Bossen Ter

5749 Bossen TerMinneapolis, MN 55417
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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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101 E 54th St
Studio Apartments

101 E 54th St

101 E 54th StMinneapolis, MN 55419
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5753 Bossen Ter
Studio Apartments

5753 Bossen Ter

5753 Bossen TerMinneapolis, MN 55417
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Cedar Apartments
Studio Apartments

Cedar Apartments

7244 Cedar Ave SRichfield, MN 55423
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Village Shores
Studio Apartments

Village Shores

6501 Woodlake DrRichfield, MN 55423
Senior Living
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6500 Woodlake Dr
Studio Apartments

6500 Woodlake Dr

6500 Woodlake DrRichfield, MN 55423
Senior Living

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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City Bella
Studio Apartments

City Bella

6600 Lyndale AveRichfield, MN 55423

Diamond Lake, Minneapolis, MN Local Guide

Largest Available Diamond Lake Studio Apartments

The largest available Studio apartment unit in the Diamond Lake area of Minneapolis, MN is found at Lynvue Apartments and is listed at 603 square feet priced from $1,545. Here is today’s list of the largest available 2 Bedroom units in the area:

Apartment ListingModel NameSquare FootagePriced From
Lynvue ApartmentsCove AA5603 Sq Ft$1,545
Hiawatha FlatsSA569 Sq Ft$1,250
The Chamberlain ApartmentsS3509 Sq Ft$1,234
Rya ApartmentsAngora459 Sq Ft$1,307
Fuller Park FlatsC406 Sq Ft$1,240
Karmel ApartmentsStudio400 Sq Ft$895
Portland TerraceStudio328 Sq Ft$999

Cheapest Available Diamond Lake Studio Apartments

Currently the lowest priced Studio apartment unit Diamond Lake of Minneapolis, MN is the Studio Model starting from $895 at Karmel Apartments. The average price for all Studio apartments in Diamond Lake is currently $1,398. Here is today’s list of the cheapest available Studio options in the area:

Apartment ListingModel NamePriced From
Karmel ApartmentsStudio$895
Portland TerraceStudio$999
The Chamberlain ApartmentsS3$1,234
Fuller Park FlatsC$1,240
Hiawatha FlatsSA$1,250
Rya ApartmentsAngora$1,307
Lynvue ApartmentsCove AA1$1,345

Quick 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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Pet Friendly Lifestyle
Diamond Lake, Minneapolis, MN

Ranked #117

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

Frequently Asked Questions about Studio Diamond Lake Apartments

What is the Cheapest apartment in Diamond Lake with Studio?

Currently the most affordable Studio in Diamond Lake is at Karmel Apartments listed at $895.

How much is the average rent for a Studio Diamond Lake Apartment?

The average rent for a Studio Apartment in Diamond Lake is $1,398.

What is the largest available Studio Diamond Lake Apartment for rent?

Today's apartment with the most square footage in Diamond Lake is a 603 square feet unit starting from $1,545 at Lynvue Apartments.

What is the average size for Diamond Lake Studio Apartments for rent?

The average size for a Studio rental in Diamond Lake is currently 510 sq ft.

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.