Cheap Apartments for Rent in Lima, MT from $700 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Lima.

University Gateway

Campus Courtyard

Stone Brook Apartments

Black Feather Apartments

The Atlas Apartments

Madison Station
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.

Centennial Patio Home Apartments

Providence Square

Teton Oasis Apartments

Village at Rexburg
When Life Happens: Your Options for Ending a Rental Lease Early
Unexpected life events can force you to break your lease. Learn how to communicate with your landlord, negotiate a solution, and understand your legal options for early termination.

Midwest Patio Home Apartments

326 Lost River Ave

520 W 7th S

311 E Lorene St
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

564 Caribou St

908 Roosevelt Ave
Lima, MT Local Guide

How much does it cost to rent an apartment in Lima?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lima Studio Apartments | $1,372 | $995 | $1,750 |
Lima 1 Bedroom Apartments | $1,541 | $860 | $2,955 |
Lima 2 Bedroom Apartments | $1,769 | $891 | $7,086 |
Lima 3 Bedroom Apartments | $2,159 | $1,397 | $3,917 |
Lima 4 Bedroom Apartments | $1,350 | $1,350 | $1,350 |
Browse Top Apartments in Lima
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Lima, MT Local Guide
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Cheapest Available Lima Apartments for Rent and Nearby
 The cheapest available apartment rental in Lima, MT is a 1 Bed unit found at Black Feather Apartments priced from $998. The Atlas Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,017. Here is today’s list of the most affordable Lima apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Black Feather Apartments | 1 Bedrom | 1BR,1BA | $998 |
The Atlas Apartments | 1 X 1 | 1BR,1BA | $1,017 |
Centennial Patio Home Apartments | 1 Bedroom, 1 Bathroom w/ Garage Included | 1BR,1BA | $1,100 |
Village at Rexburg | St. James 1B - 2/1.00 | 2BR,1BA | $1,195 |
Midwest Patio Home Apartments | Single Level Patio Home w/ Garage Included | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Lima, MT and Nearby
As of August 01, 2025 the best value apartment in the Lima area is the $1.08 price per square foot 3x2.5 Model at Meadowcreek Townhomes in the starting from $1,575. The second greatest value Lima apartment is the 3 Bedroom x 2.5 Bathroom Townhome Model at Orchard Park Townhomes starting at $2,099 with a $1.49 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. |
---|---|---|---|
Meadowcreek Townhomes | 3x2.5 | 3BR,2.5BA | $1.08 |
Orchard Park Townhomes | 3 Bedroom x 2.5 Bathroom Townhome | 3BR,2.5BA | $1.49 |
VALO at Olive Plaza | 2x2 TH | 2BR,2BA | $1.37 |
Equinox on Lincoln | Lincoln 2 | 2BR,2.5BA | $1.53 |
Sparrow Hill | 2 bedroom 2 bath | 2BR,2BA | $1.30 |
Sage Point Village | 2x2 - 3rd Floor - $1,375 | 2BR,2BA | $1.29 |
Teton Oasis Apartments | 2 Bedroom/ 2 Bath | 2BR,2BA | $1.39 |
Village at Rexburg | St. James 1B - 2/1.00 | 2BR,1BA | $1.23 |
Canyon Land | 2 Beds, 1 bath | 2BR,1BA | $1.59 |
Manchester United | 1 Bed, 1 bath | 1BR,1BA | $1.55 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Lima, MT
Walk Score®
11 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
21 / 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
How much is rent for a Cheap One Bedroom Lima Apartment?
The lowest price for a Cheap One Bedroom Lima Apartment is $998 at Black Feather Apartments.
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 $1,194 at Black Feather Apartments.
What is the most affordable Lima Three Bedroom Apartment?
The best deal on a cheap Lima Three Bedroom Apartment rental is at Black Feather Apartments and starts from $1,397.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.

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.