
Cheap Apartments for Rent in the Diamond Lake Neighborhood of Minneapolis, MN from $700 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Diamond Lake area of Minneapolis.


4340 Cedar Ave S, Unit 201

Woodhaven

Diamond Pointe Apartments

5544/5301 Chicago Ave S

4652 Chicago Ave

Oaks Station Place

City Limits Apartments

Hiawatha Flats

Sanctuary Lofts

Creek Terrace Apartments

4721 Lyndale Ave S

Diamond Lake Properties

Lyndale Garden

Lyndale Plaza Apartments

Riley Apartments

Portland Terrace

Richfield Square Apartments

The Chamberlain Apartments
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 | $1,335 | $950 | $1,889 |
Diamond Lake 1 Bedroom Apartments | $1,486 | $895 | $2,500 |
Diamond Lake 2 Bedroom Apartments | $2,062 | $1,260 | $3,295 |
Diamond Lake 3 Bedroom Apartments | $2,368 | $1,849 | $3,600 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 2 mile radius of the Diamond Lake Neighborhood of Minneapolis, MN.
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Diamond Lake, Minneapolis, MN Local Guide
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Cheapest Available Diamond Lake Apartments for Rent
 The cheapest available apartment rental in the Diamond Lake area of Minneapolis, MN is a 1 Bed unit found at Bossen Park Apartments priced from $895. Richlyn Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $987. Here are the most affordable Diamond Lake apartments for rent in Minneapolis, MN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Bossen Park Apartments | 1-bedroom | 1BR,1BA | $895 |
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 |
Portland Terrace | 1 Bedroom | 1BR,1BA | $1,110 |
Woodlake Park | Lynwood | 1BR,1BA | $1,125 |
Woodhaven | A3 | 1BR,1BA | $1,140 |
Oaks Station Place | Studio - E1 | Studio,1BA | $1,165 |
Karmel Apartments | 1 BR, 1 BA | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Diamond Lake, MN
As of March 06, 2025 the best value apartment in the Diamond Lake area is the $1.48 price per square foot Windom (3bd/2ba) - 1250sqft Model at Windom Gables in the in the Armatage neighborhood starting from $1,849. The second greatest value Diamond Lake apartment is the Nokomis Model at City Limits Apartments starting at $1,390 with a $1.62 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 | $1.48 |
City Limits Apartments | Nokomis | 2BR,1BA | $1.62 |
Lyndale Plaza Apartments | B 1 Bedroom 1 Bathroom | 1BR,1BA | $1.89 |
Woodhaven | A3 | 1BR,1BA | $1.52 |
Zest | A2 | 1BR,1BA | $2.00 |
Portland Terrace | 2 Bedroom | 2BR,1BA | $1.80 |
Woodlake Park | Lynwood | 1BR,1BA | $1.67 |
Karmel Apartments | 1 BR, 1 BA | 1BR,1BA | $1.80 |
Bossen Park Apartments | 1-bedroom | 1BR,1BA | $1.39 |
Richfield Square Apartments | Medium 1 Bedroom (Renovated) | 1BR,1BA | $1.98 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDiamond Lake, Minneapolis, MN
Ranked #134
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 the Cheapest Studio apartment in Diamond Lake?
Currently the most affordable Cheap Studio Apartment in Diamond Lake is at Richlyn Apartments listed at $987.
How much is rent for a Cheap One Bedroom Diamond Lake Apartment?
The lowest price for a Cheap One Bedroom Diamond Lake Apartment is $895 at Bossen Park Apartments.
What is the lowest price for a Cheap Two Bedroom Diamond Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Diamond Lake is starting from $1,260 at Richfield Square Apartments.
What is the most affordable Diamond Lake Three Bedroom Apartment?
The best deal on a cheap Diamond Lake Three Bedroom Apartment rental is at Windom Gables and starts from $1,849.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.