19584 IL-96
RockportIL62370
Cheap Homes for Rent in Lima, IL from $300 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Lima.
636 Payson Ave
QuincyIL62301
518 W Murray St
MacombIL61455
43 W North St
GalesburgIL61401
516 South St
BurlingtonIA52601
200 Gregory Ln
BloomfieldIA52537
109 E Jackson St
AbingdonIL61410
265 Duffield Ave
GalesburgIL61401
728 Sweeny Ave
BurlingtonIA52601
2711 Flint Hills Dr
BurlingtonIA52601
447 Locust St
GalesburgIL61401
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Lima, IL Local Guide
Barn Near Lima by Ken Lund is licensed under CC BY 2.0
How much does it cost to rent a home in Lima?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lima 2 Bedroom Homes for Rent | $980 | $399 | $1,800 |
| Lima 3 Bedroom Homes for Rent | $1,140 | $725 | $1,550 |
| Lima 4 Bedroom Homes for Rent | $1,840 | $1,080 | $2,600 |
Browse Top Homes for Rent in Lima
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Lima, IL Local Guide
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Cheapest Available Lima Apartments for Rent and Nearby
The cheapest available apartment rental in Lima, IL is a Studio unit found at Macomb Rentals priced from $390. Alice Place West Burlington in the Ginger Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $515. Here is today’s list of the most affordable Lima apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
| Alice Place West Burlington | 1-Bedroom ADA | 1BR,1BA | $515 |
| Mayfair Manor | 2x1 | 2BR,1BA | $525 |
| Bel Aire Apartments | 1 Bedroom | 1BR,1BA | $645 |
| Smith and Royer Apartments | 1 Bedroom | 1BR,1BA | $650 |
Best Value Apartments for Rent in Lima, IL and Nearby
As of October 24, 2025 the best value apartment in the Lima area is the $0.88 price per square foot Churchill Lofts - 216 Model at Churchill Lofts in the in the Ginger Ridge neighborhood starting from $1,475. The second greatest value Lima apartment is the Three Beds Two Baths Model at Emerson Garden Apartments starting at $1,400 with a $1.08 price per square foot . Here is today’s list of the best values for Lima apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Churchill Lofts | Churchill Lofts - 216 | 2BR,1BA | $0.88 |
| Emerson Garden Apartments | Three Beds Two Baths | 3BR,2BA | $1.08 |
| Blaul Lofts | Blaul Lofts - 311 | 2BR,1BA | $1.12 |
| Alice Place West Burlington | 2-Bedroom | 2BR,1BA | $0.90 |
| 1500 N Carolina St | 2X2 | 2BR,2BA | $1.08 |
| Westland Village | 1x1 | 1BR,1BA | $1.00 |
| Park Madison Apartments | 1BR/1BA | 1BR,1BA | $1.00 |
| PARKWAY ESTATES | 1 Bedroom 1 Bath | 1BR,1BA | $0.90 |
| Bel Aire Apartments | 2 Bedrooms | 2BR,1BA | $1.18 |
| Caspian Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.16 |
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Frequently Asked Questions about Lima
What type of rentals are currently available in Lima?
There are currently 39 Apartments for Rent in Lima, IL with pricing that ranges from $300 to $1,900. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lima ranging from $399 to $2,600.
What is the current price range for Rental Homes in Lima?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lima ranges from $399 to $2,600 with an average monthly rent of $1,242.
How much are larger Three and Four Bedroom Rentals in Lima?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lima range from $340 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $1,550. Four Bedroom Single-Family rentals are also available starting from $1,080 and Four Bedroom Apartments start at $600.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.