Cheap Apartments for Rent in Lima, IL from $300 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lima.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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630 N 6th St
Studio Apartments

630 N 6th St

630 N 6th StBurlington, IA 52601

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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Bel Aire Apartments
1 to 2 Bedroom Apartments

Bel Aire Apartments

301 Bel Aire CtBurlington, IA 52601
  • Utilities Included
Showing Results 1-29, Page 1 of 1

Lima, IL Local Guide

Cheapest Available Lima Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lima, IL is a 2 Beds unit found at Cedar Creek Crossing Apartments priced from $300. Macomb Rentals has the second lowest priced unit, which is a Studio apartment currently listed from $390. Here is today’s list of the most affordable Lima apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$300
Macomb RentalsStudio, 1 bathStudio,1BA$390
Mayfair Manor2x12BR,1BA$525
Smith and Royer Apartments1 Bedroom1BR,1BA$550
1500 N Carolina St2X22BR,2BA$700
Park Madison Apartments1BR/1BA1BR,1BA$700
Green Gable CottagesGreen Gable - Memorial Park Rd1BR,1BA$750
The Burlington Apartments1BR/1BA1BR,1BA$795
School House Apartments1 Bedroom and 1 Bath1BR,1BA$800
Stonegate Village ApartmentsOne Bedroom1BR,1BA$860

Best Value Apartments for Rent in Lima, IL and Nearby

As of June 15, 2025 the best value apartment in the Lima area is the $1.08 price per square foot Three Beds Two Baths Model at Emerson Garden Apartments in the starting from $1,400. The second greatest value Lima apartment is the 2 Beds, 2 baths Model at River Oaks Trails starting at $991 with a $0.90 price per square foot . Here is today’s list of the best values for Lima apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerson Garden ApartmentsThree Beds Two Baths3BR,2BA$1.08
River Oaks Trails2 Beds, 2 baths2BR,2BA$0.90
Nexus TownHomes510 Layne Drive2BR,1BA$1.28
1500 N Carolina St3x23BR,2BA$1.00
Churchill LoftsChurchill Lofts - 2102BR,1BA$0.98
Cedar Creek Crossing Apartments2 Bed 2 Bath2BR,2BA$0.31
Blaul LoftsBlaul Lofts - 3121BR,1BA$0.98
School House Apartments1 Bedroom and 1 Bath1BR,1BA$0.89
Park Madison Apartments1BR/1BA1BR,1BA$0.93
The Burlington Apartments1BR/1BA1BR,1BA$1.29

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lima, IL Rentals by Map

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See the most popular apartments and homes in Lima, IL

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Getting Around Lima, IL

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Lima Apartments

What is the Cheapest Studio apartment in Lima?

Currently the most affordable Cheap Studio Apartment in Lima is at Macomb Rentals listed at $390.

How much is rent for a Cheap One Bedroom Lima Apartment?

The lowest price for a Cheap One Bedroom Lima Apartment is $510 at Macomb Rentals.

What is the lowest price for a Cheap Two Bedroom Lima Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lima is starting from $300 at Cedar Creek Crossing Apartments.

What is the most affordable Lima Three Bedroom Apartment?

The best deal on a cheap Lima Three Bedroom Apartment rental is at Cedar Creek Crossing Apartments and starts from $340.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.