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In Diamond Beach, none of the residents are renting compared to all owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Diamond Beach's rentals, none are small-scale complexes with under 50 units, and none are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Diamond Beach are about 48 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 11 stories. About none of the rental communities here are low-rise, garden-style communities, none are mid-rises, and all are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Diamond Beach come in a range of sizes and floorplans. Studio apartments represent 60% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 40% of the total apartments in the city, while 2-bedroom floorplans represent around 0% of all rentals in Diamond Beach. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.