Cheap Studio Apartments for Rent in the Diamond Lake Neighborhood of Minneapolis, MN from $850 (13 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
close
View Me
ReNew Minnehaha
Rent Specials
$1,079 - $1,729
Total Monthly Price

Total Monthly Price

Base Rent
$1,079 - $1,819

Total Monthly Price
$1,079 - $1,819
Studio Apartments Available Oct 1

ReNew Minnehaha

6045 Lyndale AveMinneapolis, MN 55419
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Hiawatha Flats
Rent Specials
$1,195 - $1,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $2,365

Total Monthly Price
$1,195 - $2,365
Studio Apartments Available Now

Hiawatha Flats

3625 E 43rd StMinneapolis, MN 55406
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Oaks Station Place
$1,207
Total Monthly Price

Total Monthly Price

Base Rent
$1,188 - $1,861
Required Monthly Fees
$19

Total Monthly Price
$1,207 - $1,880
Studio Apartments Contact Us For Availability

Oaks Station Place

3550 E 46th StMinneapolis, MN 55406
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

close
View Me
InHabit Apartments
Studio Apartments

InHabit Apartments

5924 Pillsbury Ave SMinneapolis, MN 55419
  • Utilities Included
close
View Me
Rustic Lodge
Studio Apartments

Rustic Lodge

4815 Nicollet AveMinneapolis, MN 55419
  • Utilities Included
close
View Me
Village Shores
Studio Apartments

Village Shores

710 W 66th StMinneapolis, MN 55423
Senior Living
  • Utilities Included
close
View Me
Richlyn
$886 - $913
Total Monthly Price

Total Monthly Price

Base Rent
$886 - $913

Total Monthly Price
Varies
Studio Apartments Available Now

Richlyn

6345 Lyndale Ave SRichfield, MN 55423
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Riley
$1,101 - $1,471
Total Monthly Price

Total Monthly Price

Base Rent
$1,101 - $1,808

Total Monthly Price
Varies
Studio Apartments Available Sep 30

Riley

600 W 64th St WRichfield, MN 55423
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

Diamond Lake, Minneapolis, MN Local Guide

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
Decorative image

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 Article
Decorative image

Real 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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Diamond Lake, Minneapolis, MN

Ranked #120

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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 Diamond Lake which is listed at $850, 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

decorative image for Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes article

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.

decorative image for Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers article

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.

decorative image for Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters article

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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.