
Cheap Apartments for Rent in Lima, OH from $400 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Lima.


Mark Royal

215 W Wayne St

Spring Street Senior Lofts

Mt. Vernon Village
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.

340-340 1/2 Mcpheron Rd
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.
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.

202 N Meridian St

106 Taft Blvd

723 Lima St

1527 Spruce Ave

111 S Van St
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.
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 | $866 | $225 | $1,500 |
| Cheap Lima 2 Bedroom Apartments | $1,158 | $750 | $2,500 |
| Cheap Lima 3 Bedroom Apartments | $1,246 | $699 | $1,820 |
Browse Top Apartments in Lima
See all Apartments in LimaExplore Lima
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 Studio apartment currently listed from $590. 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 | Studio, 1 bath | Studio,1BA | $590 |
| Spring Street Senior Lofts | 1 Bedroom | 1BR,1BA | $699 |
| Mt. Vernon Village | 2 Bedrooms 2 Bathrooms | 2BR,2BA | $900 |
| Elijah Parkway | One Bedroom | 1BR,1BA | $990 |
| Northlake Village Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,169 |
| Rosedale Apartments | Model | 2BR,1BA | $1,195 |
Best Value Apartments for Rent in Lima, OH
As of October 28, 2025 the best value apartment in the Lima area is the $0.80 price per square foot 2916 Cletus Pky Model at 2916 Cletus Pky in the starting from $1,590. The second greatest value Lima apartment is the 225 E High St Model at 225 E High St, Unit 103 starting at $1,200 with a $0.80 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. |
|---|---|---|---|
| 2916 Cletus Pky | 2916 Cletus Pky | 3BR,2BA | $0.80 |
| 225 E High St, Unit 103 | 225 E High St | 3BR,1BA | $0.80 |
| 3051 Elijah Pky, Unit Elijah PKWY | 3051 Elijah Pky | 3BR,1.5BA | $1.08 |
| Northlake Village Apartments | 3 Bed 1.5 Bath | 3BR,1.5BA | $1.19 |
| 706 W State St, Unit 706 | 706 W State St | 3BR,1BA | $1.17 |
| 600 Hope St, Unit 600 Hope St. | 600 Hope St | 3BR,2BA | $0.90 |
| Mt. Vernon Village | 2 Bedrooms 2 Bathrooms | 2BR,2BA | $0.95 |
| 838 N Elizabeth St, Unit 838 | 838 N Elizabeth St | 1BR,1BA | $1.13 |
| Spring Street Senior Lofts | 1 Bedroom | 1BR,1BA | $1.09 |
| Town Square Senior Apartments - 62+ or HUD | 1 Bedroom | 1BR,1BA | $0.45 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleQuick Rent Budget Calculator
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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
School data provided by Great Schools
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
Getting Around Lima, OH
Walk Score®
39 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
10 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $880 at Mark Royal.
What is the most affordable Lima Three Bedroom Apartment?
The best deal on a cheap Lima Three Bedroom Apartment rental is at Northlake Village Apartments and starts from $1,349.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
















