803 S Washington St
DillonMT59725
Cheap Homes for Rent in Lima, MT from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Lima.
108 S Washington St
DillonMT59725
514 Laurel St
RexburgID83440
215 W Ctr St
Sugar CityID83448
622 Valinda Ln
RexburgID83440
139 Stockham Boulevard
RigbyID83442
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.
264 N 3rd E
RexburgID83440
240 N Bridge St
St AnthonyID83445
591 Turin Way
RexburgID83440
217 Georgetown Dr
RexburgID83440
3570 Colt Cir
AmmonID83401
280 E Lorene St
RexburgID83440
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
311 E Lorene St
RexburgID83440
Showing Results 1-13, Page 1 of 1
Lima, MT Local Guide
Couple in canola field by Ryan McKee 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 | $1,278 | $995 | $2,450 |
| Lima 3 Bedroom Homes for Rent | $1,787 | $1,000 | $2,900 |
| Lima 4 Bedroom Homes for Rent | $2,150 | $2,100 | $2,200 |
| Lima 5 Bedroom Homes for Rent | $2,750 | $2,750 | $2,750 |
| Lima 6 Bedroom Homes for Rent | $2,900 | $2,800 | $3,100 |
Browse Top Homes for Rent 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 Rosewood Patio Homes priced from $895. Stone Brook Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Lima apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosewood Patio Homes | 1x1 | 1BR,1BA | $895 |
| Stone Brook Apartments | Teton | 1BR,1BA | $975 |
| Chicane Apartments at the Riverwalk | 1 Bed 1 Bath | 1BR,1BA | $995 |
| Black Feather Apartments | 1 Bedrom | 1BR,1BA | $998 |
| The Residences at Victory Ranch | 1x1 Cascade | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Lima, MT and Nearby
As of July 05, 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 Meadowcreek Townhomes starting at $1,850 with a $1.26 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. |
|---|---|---|---|
| Skyline Manor | 3 Beds, 2.5 Baths | 3BR,2.5BA | $0.92 |
| Meadowcreek Townhomes | 3x2.5 | 3BR,2.5BA | $1.26 |
| Orchard Park Townhomes | 3 Bedroom x 2.5 Bathroom Townhome | 3BR,2.5BA | $1.46 |
| VALO at Olive Plaza | 2x2 TH | 2BR,2BA | $1.28 |
| The Falls at Snake River Landing | The Ravine | 2BR,2BA | $1.50 |
| Teton Oasis Apartments | 2 Bedroom/1 Bath | 2BR,1BA | $1.42 |
| Village at Rexburg | Fremont - 2/1.00 | 2BR,1BA | $1.32 |
| Eagles Landing Apartments | Talon 2 | 1BR,1BA | $1.50 |
| Rexburg Centennial Townhomes LLC | 1B/1B | 1BR,1BA | $1.43 |
| The Residences at Victory Ranch | 1x1 Cascade | 1BR,1BA | $1.48 |
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
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 ArticleQuick 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.
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Explore Lima, MT Rentals by Map
See the most popular apartments and homes in Lima, MT
Frequently Asked Questions about Lima
What type of rentals are currently available in Lima?
There are currently 50 Apartments for Rent in Lima, MT with pricing that ranges from $865 to $3,710. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lima ranging from $550 to $3,100.
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 $550 to $3,100 with an average monthly rent of $1,931.
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 $1,350 to $3,710, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,900. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,800.
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
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.