6615 Lake Shore Dr S, Unit #900
6615 Lake Shore Dr S
MinneapolisMN55423
Cheap Homes for Rent in Diamond Lake Neighborhood of Minneapolis, MN from $1,600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Diamond Lake area of Minneapolis.
2804 E 44th St
MinneapolisMN55406
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
5927 Chicago Ave
MinneapolisMN55417
4350 Chicago Ave
MinneapolisMN55407
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!
4636 Chicago Ave
MinneapolisMN55407
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Diamond Lake, Minneapolis, MN Local Guide
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in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent a home in Diamond Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Diamond Lake 2 Bedroom Homes for Rent | $1,799 | $1,650 | $1,950 |
| Diamond Lake 3 Bedroom Homes for Rent | $2,442 | $2,000 | $2,995 |
| Diamond Lake 4 Bedroom Homes for Rent | $2,610 | $2,600 | $2,620 |
| Diamond Lake 5 Bedroom Homes for Rent | $11,117 | $2,735 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 Studio unit found at Richlyn Apartments priced from $925. 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 | $925 |
| Lyndale Garden | 1 Bedroom Large | 1BR,1BA | $1,025 |
| Karmel Apartments | 1 BR, 1 BA | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Diamond Lake, MN
As of April 23, 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 3BR/1.0BA Model at NIC 44 starting at $1,899 with a $1.90 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 |
| NIC 44 | 3BR/1.0BA | 3BR,1BA | $1.90 |
| City Limits Apartments | Nokomis | 2BR,1BA | $1.51 |
| Woodlake Park | Lynwood | 1BR,1BA | $1.69 |
| Karmel Apartments | 1 BR, 1 BA | 1BR,1BA | $1.63 |
| Lynvue Apartments | Cove AA5 | Studio ,1BA | $2.47 |
| Hiawatha Flats | SA | Studio ,1BA | $2.24 |
| Lyndale Garden | 1 Bedroom | 1BR,1BA | $2.01 |
| The Chamberlain Apartments | V1 | Studio ,1BA | $2.48 |
| The Aubrey | Alcove - B | Studio ,1BA | $2.52 |
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Frequently Asked Questions about Diamond Lake
What type of rentals are currently available in Diamond Lake?
There are currently 190 Apartments for Rent in Diamond Lake, MN with pricing that ranges from $775 to $3,295. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Diamond Lake ranging from $1,650 to $19,500.
What is the current price range for Rental Homes in Diamond Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Diamond Lake ranges from $1,650 to $19,500 with an average monthly rent of $4,492.
How much are larger Three and Four Bedroom Rentals in Diamond Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Diamond Lake range from $1,849 to $3,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $2,995. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $2,100.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.