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from $775Studio Apartment Available Apr 1
88 W Minnehaha Pky, Unit D
88 W Minnehaha PkyMinneapolis, MN 55419
Cheap Apartments for Rent in the Diamond Lake Neighborhood of Minneapolis, MN from $700 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Lake area of Minneapolis.
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from $8951 Bedroom Apartments Available Apr 1
Bossen Park Apartments
5717 31st Ave SMinneapolis, MN 55417
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from $1,060Studio to 2 Bedroom Apartments Available Now
Woodhaven
6045 Lyndale AveMinneapolis, MN 55419
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from $1,0751 Bedroom Apartments Available May 1
Diamond Pointe Apartments
6106-6116 Lyndale Ave SMinneapolis, MN 55419
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from $1,0951 to 3 Bedroom Apartments Available Now
Karmel Apartments
99 E 54th StMinneapolis, MN 55419
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from $1,0951 Bedroom Apartments Available May 1
5544/5301 Chicago Ave S
5544 Chicago AveMinneapolis, MN 55417
4652 Chicago Ave
MinneapolisMN55407
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from $1,1001 to 2 Bedroom Apartments Available Apr 1
Creek Terrace Apartments
616 W 53rd StMinneapolis, MN 55419
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from $1,150Studio to 2 Bedroom Apartments Available Apr 15
Noko
4720 Longfellow Avenue SMinneapolis, MN 55407
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from $1,165Studio to 2 Bedroom Apartments Available Now
Oaks Station Place
3550 E 46th StMinneapolis, MN 55406
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from $1,2401 to 2 Bedroom Apartments Available Now
City Limits Apartments
127 E 59th StMinneapolis, MN 55419
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from $1,255Studio to 2 Bedroom Apartments Available Apr 1
Sanctuary Lofts
3225 E Minnehaha PkyMinneapolis, MN 55417
99 E 54th St
MinneapolisMN55419
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from $1,275Studio to 2 Bedroom Apartments Available Now
Hiawatha Flats
3625 E 43rd StMinneapolis, MN 55406
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from $1,3002 Bedroom Apartment Available Apr 1
4721 Lyndale Ave S, Unit 2
4721 Lyndale Ave SMinneapolis, MN 55419
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Studio to 2 Bedroom Apartments
Diamond Lake Properties
100-102 W Diamond Lake RdMinneapolis, MN 55419
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from $1,0251 Bedroom Apartments Available Now
Lyndale Garden
6301-6325 Lyndale Ave SRichfield, MN 55423
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from $1,0301 to 3 Bedroom Apartments Available Now
Lyndale Plaza Apartments
6401 Lyndale Ave SRichfield, MN 55423
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from $1,1101 to 2 Bedroom Apartments Available Now
Portland Terrace
7232 Portland AveRichfield, MN 55423
6324 Lyndale Ave S
RichfieldMN55423
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from $1,200Studio to 3 Bedroom Apartments Available Now
The Chamberlain Apartments
6630 Richfield PkyRichfield, MN 55423
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from $1,2951 to 2 Bedroom Apartments Available Now
Richfield Square Apartments
6237 Pleasant Ave SRichfield, MN 55423
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Showing Results 1-45, Page 1 of 1
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 | $1,338 | $775 | $1,940 |
| Diamond Lake 1 Bedroom Apartments | $1,459 | $895 | $2,006 |
| Diamond Lake 2 Bedroom Apartments | $2,077 | $1,295 | $3,295 |
| Diamond Lake 3 Bedroom Apartments | $2,205 | $1,739 | $3,195 |
| Diamond Lake 4 Bedroom Apartments | $2,495 | $2,495 | $2,495 |
Browse Apartments in this Neighborhood
There are currently 45 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
- ZIP codes
- 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 Richlyn Apartments priced from $987. Lyndale Garden has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here are the most affordable Diamond Lake apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Richlyn Apartments | 0BR/1.0BA | Studio,1BA | $987 |
| Lyndale Garden | 1 Bedroom | 1BR,1BA | $1,025 |
| Lyndale Plaza Apartments | A1 Section 42 1 Bedroom | 1BR,1BA | $1,030 |
| Karmel Apartments | 1 BR, 1 BA | 1BR,1BA | $1,095 |
| Portland Terrace | 1 Bedroom | 1BR,1BA | $1,110 |
| Woodlake Park | Lynwood | 1BR,1BA | $1,125 |
| The Chamberlain Apartments | Studio, One Bath (S2HP) | Studio,1BA | $1,200 |
| City Limits Apartments | Hiawatha | 1BR,1BA | $1,240 |
| Hiawatha Flats | SA | Studio,1BA | $1,275 |
| Richfield Square Apartments | Medium 1 Bedroom (Renovated) | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Diamond Lake, MN
As of March 25, 2025 the best value apartment in the Diamond Lake area is the $1.39 price per square foot Windom (3bd/2ba) - 1250sqft Model at Windom Gables in the in the Armatage neighborhood starting from $1,739. The second greatest value Diamond Lake apartment is the B1 Model at Woodhaven starting at $1,840 with a $1.75 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. |
|---|---|---|---|
| Windom Gables | Windom (3bd/2ba) - 1250sqft | 3BR,2BA | $1.39 |
| Woodhaven | B1 | 2BR,2BA | $1.75 |
| Lyndale Plaza Apartments | B 1 Bedroom 1 Bathroom | 1BR,1BA | $1.89 |
| City Limits Apartments | Hiawatha | 1BR,1BA | $1.58 |
| Portland Terrace | 2 Bedroom | 2BR,1BA | $1.80 |
| Oaks Station Place | 1 Bedroom - A1 | 1BR,1BA | $2.16 |
| Woodlake Park | Lynwood | 1BR,1BA | $1.67 |
| Karmel Apartments | 1 BR, 1 BA | 1BR,1BA | $1.63 |
| Richfield Square Apartments | Medium 1 Bedroom (Renovated) | 1BR,1BA | $2.14 |
| Lyndale Garden | 1 Bedroom | 1BR,1BA | $2.01 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDiamond Lake, Minneapolis, MN
Ranked #152
Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,295.
What is the price of a cheap apartment in Diamond Lake?
The cheapest apartment in Diamond Lake is Lyndale Garden which is listed at $1,025, while the average apartment in Diamond Lake costs $2,495.
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 105 regular apartments in Diamond Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Diamond Lake?
Cheap apartments in Diamond Lake have an average cost of $117 which is $2,378 cheaper than the average rent for all rentals in Diamond Lake.
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.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.