Cheap Homes for Rent in Lima, NY from $1,400 (11 Rentals)

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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.

property at 14 Elm St

$1,800 - $2,000

2 Bedroom Rentals

Available Now

14 Elm St

BloomfieldNY14469

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.

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
Wedgewood West1x1A2WW1BR,1BA$1,300
Riverton Knolls Apartment and TownhomesOne Bedroom - 702 sqft1BR,1BA$1,340
Henrietta Highlands Apartment HomesOne Bedroom - 850 sqft1BR,1BA$1,390

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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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.

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

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Frequently Asked Questions about Lima

What type of rentals are currently available in Lima?

There are currently 47 Apartments for Rent in Lima, NY with pricing that ranges from $880 to $4,168. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lima ranging from $1,450 to $5,998.

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 $1,450 to $5,998 with an average monthly rent of $3,011.

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 $1,550 to $4,168, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,982.

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.