
Cheap Apartments for Rent in Lima, OH from $400 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Lima.


1133 simon Ave

304 N Woodlawn Ave

Mark Royal

Spring Street Senior Lofts

Royal Jameson

931 W Wayne St
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.

Columbia Terrace

Country View

The Charlestowne

Hampton Greene

The Vineyards

Andover Court

Richelieu Apartments
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.

Kimberly Apartments

Waterford Townhomes

Maplewood Apartments

Shawnee Terrace Arms

Wilshire Place

Brower Commons Apartments

The Moreland Manor
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

The Barr Apartments

931 1/2 W Wayne St

565 E Market St

202 N Meridian St

319 Frazer St

315 Frazer St

915 N Main St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

807 W Ash St

239 Broadway
Lima, OH Local Guide

How much does it cost to rent an apartment in Lima?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lima Studio Apartments | $590 | $590 | $590 |
| Cheap Lima 1 Bedroom Apartments | $922 | $225 | $1,500 |
| Cheap Lima 2 Bedroom Apartments | $1,226 | $644 | $2,500 |
| Cheap Lima 3 Bedroom Apartments | $1,284 | $548 | $1,913 |
Browse Top Apartments in Lima
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Lima, OH Local Guide
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Cheapest Available Lima Apartments for Rent
 The cheapest available apartment rental in Lima, OH is a 1 Bed unit found at Spring Street Senior Lofts priced from $699. Mark Royal has the second lowest priced unit, which is a 1 Bed apartment currently listed from $738. Here is today’s list of the most affordable Lima apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Spring Street Senior Lofts | 1 Bedroom | 1BR,1BA | $699 |
| Mark Royal | 1 Bed, 1 bath | 1BR,1BA | $738 |
| Royal Jameson | 2 Beds, 1 bath | 2BR,1BA | $920 |
| 43 Town Square | 2 Bedroom | 2BR,1BA | $956 |
| Jefferson Manor Apartments | 2 Bedroom | 2BR,1BA | $975 |
| Elijah Parkway | One Bedroom | 1BR,1BA | $990 |
| Willow Lake | 1 Bed, 1 Bath - 627 Sq. Ft. | 1BR,1BA | $999 |
| Northlake Village Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,199 |
| Metro Center | Single | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Lima, OH
As of January 27, 2026 the best value apartment in the Lima area is the $0.44 price per square foot 3 Bed 3 Bath Model at The Annex of Lima in the starting from $548. The second greatest value Lima apartment is the 631 Hope St Model at 631 Hope St, Unit 631 starting at $975 with a $0.90 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. |
|---|---|---|---|
| The Annex of Lima | 3 Bed 3 Bath | 3BR,3BA | $0.44 |
| 631 Hope St, Unit 631 | 631 Hope St | 3BR,2BA | $0.90 |
| 43 Town Square | 2 Bedroom | 2BR,1BA | $0.95 |
| Northlake Village Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.20 |
| Emma Parkway Townhomes | 3866 Emma | 2BR,1BA | $1.66 |
| Royal Jameson | 2 Beds, 1 bath | 2BR,1BA | $1.11 |
| Metro Center | Single | 1BR,1BA | $1.67 |
| 108 Hartford Ct, Unit 108 | 108 Hartford Ct | 1BR,1BA | $2.05 |
| Spring Street Senior Lofts | 1 Bedroom | 1BR,1BA | $1.09 |
| Willow Lake | 1 Bed, 1 Bath - 627 Sq. Ft. | 1BR,1BA | $1.59 |
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 ArticleThe 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.
Read ArticleCash 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.
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.
Best Local Schools in Lima, OH
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lima, OH Rentals by Map
See the most popular apartments and homes in Lima, OH
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 $699 at Spring Street Senior Lofts.
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 $920 at Royal Jameson.
What is the most affordable Lima Three Bedroom Apartment?
The best deal on a cheap Lima Three Bedroom Apartment rental is at Jefferson Manor Apartments and starts from $995.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.