
Cheap Apartments for Rent in Lima, OH from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Lima.


504 1/2 S Shawnee St, Unit S Shawnee St
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.

580 Harrison Ave
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.
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.

205 W Findlay St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

202 N Meridian St

408 N Front St

4000 Alpine Pkwy

827 S Cory St
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 | $785 | $785 | $785 |
Cheap Lima 1 Bedroom Apartments | $1,049 | $700 | $1,595 |
Cheap Lima 2 Bedroom Apartments | $1,305 | $750 | $2,400 |
Cheap Lima 3 Bedroom Apartments | $1,429 | $699 | $2,300 |
Cheap Lima 4 Bedroom Apartments | $1,471 | $465 | $2,250 |
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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 2 Beds unit found at 43 Town Square priced from $595. Mt. Vernon Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Lima apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
43 Town Square | 2 Bedroom | 2BR,1BA | $595 |
Mt. Vernon Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $700 |
Elijah Parkway | One Bedroom | 1BR,1BA | $990 |
Willow Lake | 2 Bed, 1 Bath | 2BR,1BA | $1,000 |
Metro Center | Single | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Lima, OH
As of June 14, 2025 the best value apartment in the Lima area is the $0.97 price per square foot Three-Bedroom Model at 236 S Kenilworth Ave in the starting from $1,695. The second greatest value Lima apartment is the 2 Bedroom Model at 43 Town Square starting at $595 with a $0.59 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. |
---|---|---|---|
236 S Kenilworth Ave | Three-Bedroom | 3BR,2BA | $0.97 |
43 Town Square | 2 Bedroom | 2BR,1BA | $0.59 |
2304 Lakewood Ave, Unit 2304 | 2304 Lakewood Ave | 2BR,1BA | $1.56 |
Emma Parkway Townhomes | 3866 Emma | 2BR,1BA | $1.66 |
Northlake Village Apartments | 1 Bed 1 bath | 1BR,1BA | $1.21 |
Willow Lake | 2 Bed, 1 Bath | 2BR,1BA | $1.27 |
Metro Center | Single | 1BR,1BA | $1.67 |
Mt. Vernon Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.17 |
504 1/2 S Shawnee St, Unit S Shawnee St | 504 1/2 S Shawnee St | Studio ,1BA | $3.41 |
Quick Rent Budget Calculator
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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 $700 at Mt. Vernon Village.
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 $595 at 43 Town Square.
What is the most affordable Lima Three Bedroom Apartment?
The best deal on a cheap Lima Three Bedroom Apartment rental is at Mt. Vernon Village and starts from $1,000.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.