Cheap Apartments for Rent in Lima, NY from $700 (40 Rentals)

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

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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Burdick Estates
1 to 2 Bedroom Apartments

Burdick Estates

3333 Rochester RdLakeville, NY 14480

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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property at 14 Elm St

$1,800 - $2,000

2 Bedroom Rentals

Available Now

14 Elm St

BloomfieldNY14469
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The Auburn
1 to 3 Bedroom Apartments

The Auburn

160 School StVictor, NY 14564
Senior Living
  • Utilities Included

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.

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Showing Results 1-40, Page 1 of 1

Lima, NY Local Guide

Cheapest Available Lima Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lima, NY is a 2 Beds unit found at Parklawn Apartment Homes priced from $1,031. Westbrooke Commons Apartments and Townhomes in the Webster neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here is today’s list of the most affordable Lima apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parklawn Apartment HomesParklawn Apartment Homes- WAITLIST ONLY2BR,1BA$1,031
Westbrooke Commons Apartments and TownhomesThe HylanStudio,1BA$1,200
Riverton Knolls Apartment and TownhomesOne Bedroom - 702 sqft1BR,1BA$1,340
Clearview Farms Apartments1 Bed 1 Bath | Classic1BR,1BA$1,400
Wedgewood West2x1A2WW2BR,1BA$1,400
Bennington Hills ApartmentsHomeplan A1BR,1BA$1,406
Henrietta Highlands Apartment HomesTwo Bedroom - 1,050 sqft2BR,1BA$1,480
The Village East ApartmentsOne Bedroom1BR,1BA$1,500
Pinebrooke ApartmentsThe Hemlock1BR,1BA$1,525
Greenwood Cove Apartment HomesOne Bedroom - 701 sqft1BR,1BA$1,625

Best Value Apartments for Rent in Lima, NY and Nearby

As of June 13, 2026 the best value apartment in the Lima area is the $2.12 price per square foot Franklin (Townhome) Model at Fairview at Town Center Apartment Homes in the in the Webster neighborhood starting from $2,600. The second greatest value Lima apartment is the Two Bedroom 2 Bath- 1165 sqft Model at Auburn Creek Apartment Homes starting at $1,880 with a $1.61 price per square foot in the Victor Farmington neighborhood. 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.
Fairview at Town Center Apartment HomesFranklin (Townhome)2BR,2BA$2.12
Auburn Creek Apartment HomesTwo Bedroom 2 Bath- 1165 sqft2BR,2BA$1.61
Henrietta Highlands Apartment HomesTwo Bedroom - 1,050 sqft2BR,1BA$1.41
The Marshall Rochester2BR/2BA2BR,2BA$1.07
Wedgewood West2x1A1WW2BR,1BA$1.70
Parklawn Apartment HomesParklawn Apartment Homes- WAITLIST ONLY2BR,1BA$1.29
Pinebrooke ApartmentsThe Hemlock1BR,1BA$1.94
Clearview Farms Apartments1 Bed 1 Bath | Classic1BR,1BA$1.87
Bennington Hills ApartmentsHomeplan A1BR,1BA$1.93
Riverton Knolls Apartment and TownhomesOne Bedroom - 702 sqft1BR,1BA$1.91

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.

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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.

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

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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 Westbrooke Commons Apartments and Townhomes listed at $1,200.

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

The lowest price for a Cheap One Bedroom Lima Apartment is $1,340 at Riverton Knolls Apartment and Townhomes.

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 $1,031 at Parklawn Apartment Homes.

What is the most affordable Lima Three Bedroom Apartment?

The best deal on a cheap Lima Three Bedroom Apartment rental is at Pinebrooke Apartments and starts from $2,120.

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

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Beyond the Finger Lakes: Unveiling Rochester's 7 Best-Value Neighborhoods to Rent

Written by: Patrick Ryan

There has never been a better time to live in Rochester.  Also known as the Young Lion of the West and Flower City, Rochester is an underrated living space within the gorgeous Finger Lakes region.

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.