Cheap Apartments for Rent near Lima, MT from $700 (37 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
close
View Me
Pepperwood Village
Studio to 2 Bedroom Apartments

Pepperwood Village

1486 Curlew DrIdaho Falls, ID 83406
close
View Me
The Strawberry
1 to 2 Bedroom Apartments

The Strawberry

457 S 4th WRexburg, ID 83440
close
View Me
At Home Rexburg
1 to 2 Bedroom Apartments

At Home Rexburg

332 S 4th WRexburg, ID 83440
Student Housing
  • Utilities Included
property at 311 E Lorene St

$945 - $1,495

1 To 2 Bedroom Rentals

Available Now

311 E Lorene St

RexburgID83440

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
close
View Me
Mesa Falls Apartments
1 to 3 Bedroom Apartments

Mesa Falls Apartments

940 S 5th WRexburg, ID 83440
Corporate Housing
  • Utilities Included
close
View Me
Eden Apartments
1 to 2 Bedroom Apartments

Eden Apartments

555 W Mikan DrRexburg, ID 83440
Corporate Housing
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
close
View Me
Sparrow Hill
1 to 3 Bedroom Apartments

Sparrow Hill

1764 Sparrow Hill CtIdaho Falls, ID 83404
Showing Results 1-37, Page 1 of 1

Lima, MT Local Guide

Cheapest Available Lima Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lima, MT is a 1 Bed unit found at University Courtyard priced from $925. Chicane Apartments at the Riverwalk in the Downtown Idaho Falls neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Lima apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Courtyard1X1 Unfurnished1BR,1BA$925
Chicane Apartments at the RiverwalkStudioStudio,1BA$950
Rosewood Patio Homes1x11BR,1BA$995
The Residences at Victory Ranch1x1 Cascade1BR,1BA$1,099
Madison Station1x11BR,1BA$1,124
Pioneer CrossingA11BR,1BA$1,145
Rexburg Centennial Townhomes1B/1B1BR,1BA$1,150
Providence Square2x1-B2BR,1BA$1,165
Stone Brook ApartmentsIsland2BR,1BA$1,195
Idaho Falls Skyline1B/1B1BR,1BA$1,199

Best Value Apartments for Rent in Lima, MT and Nearby

As of August 19, 2026 the best value apartment in the Lima area is the $0.92 price per square foot 3 Beds, 2.5 Baths Model at Skyline Manor in the starting from $1,420. The second greatest value Lima apartment is the 3x2.5 Model at Cassiopeia Townhomes starting at $2,100 with a $1.36 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.
Skyline Manor3 Beds, 2.5 Baths3BR,2.5BA$0.92
Cassiopeia Townhomes3x2.53BR,2.5BA$1.36
Valo at Bellin Townhomes3 Bed 2.5 Bath3BR,2.5BA$1.43
Eagles Landing ApartmentsMajestic2BR,1.5BA$1.32
Equinox on LincolnLincoln 22BR,2BA$1.57
Rexburg Centennial Townhomes2B/1B2BR,1BA$1.56
Ammon Manchester1B/1B1BR,1BA$1.55
Stone Brook ApartmentsIsland2BR,1BA$1.46
The Residences at Victory Ranch1x1 Cascade1BR,1BA$1.48
Teton Oasis Apartments1 Bedroom/ 1 Bath Floorplan B1BR,1BA$1.63

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

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

Explore Lima, MT Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lima, MT

View Map
Lima, MT Apartments Map
View Map
Lima, MT Rental Homes Map

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 Chicane Apartments at the Riverwalk listed at $950.

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

The lowest price for a Cheap One Bedroom Lima Apartment is $925 at University Courtyard.

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 $1,165 at Providence Square.

What is the most affordable Lima Three Bedroom Apartment?

The best deal on a cheap Lima Three Bedroom Apartment rental is at Skyline Manor and starts from $1,420.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.