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Rent Specials
$225 - $8511 Bedroom Apartments Available Now
Town Square Senior Apartments - 62+ or HUD
72 Town SqLima, OH 45801
Cheap Apartments for Rent in Lima, OH from $400 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Lima.
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$590 - $970Studio to 2 Bedroom Apartments Available Now
Mark Royal
901 W Market StLima, OH 45805
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$738 - $1,0051 to 2 Bedroom Apartments Available Now
Royal Jameson
139 N Jameson AveLima, OH 45805
706 E Kibby St, Unit 706.5, Unit 706.5
706 E Kibby St
LimaOH45804
340-340 1/2 Mcpheron Rd
LimaOH45801
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$850
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$850
Total Monthly Price
$850
2500 N Cole St, Unit 1, Unit 1
2500 N Cole StLima, OH 45801
304 Ewing Ave
LimaOH45801
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$956 - $1,4131 to 3 Bedroom Apartments Available Now
43 Town Square
43 Town SqLima, OH 45801
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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$990 - $1,3501 to 2 Bedroom Apartments Available Now
Elijah Parkway
2941 Elijah PkyLima, OH 45805
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$995 - $1,0753 Bedroom Apartments Contact Us For Availability
Jefferson Manor Apartments
1223 S Sugar StLima, OH 45804
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$995
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$995
Total Monthly Price
$995
410 W McKibben St, Unit 1, Unit 1
410 W McKibben StLima, OH 45801
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$995
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$995
Total Monthly Price
$995
1387 N Cole St, Unit # 1, Unit # 1
1387 N Cole StLima, OH 45801
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$995
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$995
Total Monthly Price
$995
435 W McKibben St, Unit 3, Unit 3
435 W McKibben StLima, OH 45801
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$999 - $1,4501 to 3 Bedroom Apartments Available Now
Willow Lake
2260 Lake Circle DrLima, OH 45801
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Studio to 2 Bedroom Apartments
Columbia Terrace
639 Columbia DrLima, OH 45805
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1 to 3 Bedroom Apartments
Shawnee Lofts
892 S Cable RdLima, OH 45805
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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2 to 4 Bedroom Apartments
Country View
325 E 8th StLima, OH 45804
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1 to 2 Bedroom Apartments
The Charlestowne
2350 N Cole StLima, OH 45801
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1 to 2 Bedroom Apartments
Hampton Greene
400 S Mumaugh RdLima, OH 45804
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Studio to 2 Bedroom Apartments
Andover Court
1050 Mackenzie DrLima, OH 45805
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1 to 2 Bedroom Apartments
Richelieu Apartments
1475 Edgewood DrLima, OH 45805
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2 Bedroom Apartments
Kimberly Apartments
2300 Kimberly DrLima, OH 45805
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2 to 3 Bedroom Apartments
Waterford Townhomes
524 Hope StLima, OH 45804
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1 to 3 Bedroom Apartments
Maplewood Apartments
531 Brower RdLima, OH 45801
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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Studio to 2 Bedroom Apartments
Shawnee Terrace Arms
1720-1722 Shawnee RdLima, OH 45805
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2 to 3 Bedroom Apartments
Wilshire Place
1500 Deerfield DrLima, OH 45805
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2 to 3 Bedroom Apartments
Brower Commons Apartments
2240 Molly AveLima, OH 45801
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1 to 3 Bedroom Apartments
The Vineyards
2370 N Cole StLima, OH 45801
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1 to 2 Bedroom Apartments
Spring Street Senior Lofts
656 W Spring StLima, OH 45801
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Studio to 1 Bedroom Apartments
The Moreland Manor
319 W North StLima, OH 45801
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1 to 2 Bedroom Apartments
The Barr Apartments
210 N Union StLima, OH 45801
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1 Bedroom Apartments
Lima Towers - Income Based 62+
790 S Main StLima, OH 45804
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.
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2 Bedroom Apartments
232 S McDonel One Unit Available
222 S McDonel StLima, OH 45801
132 E O'Connor Ave
LimaOH45801
509 Nova St
LimaOH45804
521 Hope St
LimaOH45804
466 W McKibben St
LimaOH45801
43 N Steffin St
VersaillesOH45380
202 N Meridian St
PortlandIN47371
321 E South St
SidneyOH45365
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.
239 Broadway
PiquaOH45356
435 Cowen St
HamlerOH43524
Showing Results 1-42, Page 1 of 1
Lima, OH Local Guide
Public Square in downtown Lima by Nyttend is licensed under Internal
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 | $1,052 | $225 | $1,500 |
| Cheap Lima 2 Bedroom Apartments | $1,205 | $631 | $2,500 |
| Cheap Lima 3 Bedroom Apartments | $1,276 | $519 | $1,913 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 Town Square Senior Apartments - 62+ or HUD priced from $225. 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 |
|---|---|---|---|
| Town Square Senior Apartments - 62+ or HUD | 1 Bedroom | 1BR,1BA | $225 |
| Mark Royal | 1 Bed, 1 bath | 1BR,1BA | $738 |
| Royal Jameson | 1 Bed, 1 bath | 1BR,1BA | $738 |
| 43 Town Square | 2 Bedroom | 2BR,1BA | $956 |
| Elijah Parkway | One Bedroom | 1BR,1BA | $990 |
| 2563 W Market St | Market St. | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Lima, OH
As of April 27, 2026 the best value apartment in the Lima area is the $0.33 price per square foot 3 Bed 3 Bath Model at The Annex of Lima in the starting from $519. The second greatest value Lima apartment is the 2500 N Cole St Model at 2500 N Cole St, Unit 1 starting at $850 with a $0.71 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 | $0.33 |
| 2500 N Cole St, Unit 1 | 2500 N Cole St | 2BR,1BA | $0.71 |
| 2563 W Market St | Market St. | 2BR,1BA | $1.00 |
| 43 Town Square | 2 Bedroom | 2BR,1BA | $0.95 |
| 435 W McKibben St, Unit 3 | 435 W McKibben St | 1BR,1BA | $1.00 |
| 309 N Elizabeth St, Unit Apt.D | 309 N Elizabeth St | 1BR,1BA | $1.40 |
| 1387 N Cole St, Unit # 1 | 1387 N Cole St | 1BR,1BA | $1.17 |
| 410 W McKibben St, Unit 1 | 410 W McKibben St | 1BR,1BA | $1.23 |
| Royal Jameson | 1 Bed, 1 bath | 1BR,1BA | $1.23 |
| Town Square Senior Apartments - 62+ or HUD | 1 Bedroom | 1BR,1BA | $0.45 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
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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 $225 at Town Square Senior Apartments - 62+ or HUD.
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 43 Town Square and starts from $1,093.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.