
Apartments for Rent in the Diamond Lake Neighborhood of Minneapolis, MN Under $2,000 (66 Rentals)


The Pearl Apartments

ReNew Minnehaha

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Hiawatha Flats

Total Monthly Price
Diamond Pointe Apartments

Total Monthly Price
5544/5301 Chicago Ave S

Wexford Commons Apartments

Total Monthly Price
City Limits Apartments

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Creek Terrace

Total Monthly Price
Oaks Station Place
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.

Bossen Park Apartments

Sanctuary Lofts

Nicollet Manor

Total Monthly Price
Garden Apartments

4225 Bloomington Ave

4900 Chicago

Diamond Lake

Karmel Apartments

Total Monthly Price
5830 Lyndale Ave S, Unit 5830

7311 Aldrich Ave S
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.

5749 33rd Ave S

5745 Pillsbury Ave

4541 Bloomington Ave

2804 E 44th St

6109-6111 Nicollet Ave

5430 S 34th Ave

4532 Bryant Ave S

NIC 44

Fuller Park Flats

Windom Gables
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.

4610 Bryant Ave S

The Aubrey

Rustic Lodge

4233 Nicollet Ave S

InHabit Apartments

4840 Chicago

5301 Chicago Avenue South

5600 Nicollet Avenue South

Casablanca

4422 Nicollet Ave
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.

4844 Chicago

Lynvue

The Chamberlain Apartments

Rya Apartments

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Portland Terrace

Lyndale Plaza Apartments

Total Monthly Price
Riley

The Oaks on Pleasant

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Woodlake Park

Lyndale Garden
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!
Diamond Lake, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Diamond Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Diamond Lake Studio Apartments | $1,262 | $850 | $1,599 |
| Diamond Lake 1 Bedroom Apartments | $1,425 | $850 | $1,934 |
| Diamond Lake 2 Bedroom Apartments | $1,773 | $1,125 | $2,570 |
| Diamond Lake 3 Bedroom Apartments | $2,076 | $1,615 | $2,660 |
| Diamond Lake 4 Bedroom Apartments | $3,593 | $2,936 | $4,250 |
Browse Apartments in this Neighborhood
There are currently 66 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
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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.
Read ArticleQuick 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.
Pet Friendly LifestyleDiamond Lake, Minneapolis, MN
Ranked #105
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Diamond Lake
How much are Studio apartments in Diamond Lake?
There are currently 91 Studio Apartments in Diamond Lake with rent ranges from $850 to $1,599 with an average price of $1,262.
What is the current price range for One Bedroom Diamond Lake Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Diamond Lake ranges from $850 to $1,934 with an average monthly rent of $1,425.
What does renting a Two Bedroom Apartment in Diamond Lake cost?
The monthly rent prices of Two Bedroom Apartments currently available in Diamond Lake range from $1,125 to $2,570. Today's average rental price for Two Bedrooms here is $1,773.
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.
Articles, How-To's, and Tips

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.