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Rent Specials
$225 - $851Studio to 1 Bedroom Apartments Available Now
Town Square Senior Apartments - 62+ or HUD
72 Town SqLima, OH 45801
Cheap Apartments for Rent in Lima, OH from $590 (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
319 1/2 N McDonel St
LimaOH45801
711 E Elm St
LimaOH45804
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$995 - $1,0753 Bedroom Apartments Available Soon
Jefferson Manor Apartments
1223 S Sugar StLima, OH 45804
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$999 - $1,1991 to 2 Bedroom Apartments Available Sep 14
Willow Lake
2260 Lake Circle DrLima, OH 45801
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Studio to 2 Bedroom Apartments
Columbia Terrace
639 Columbia DrLima, OH 45805
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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1 to 3 Bedroom Apartments
Shawnee Lofts
892 S Cable RdLima, OH 45805
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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
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Studio to 2 Bedroom Apartments
Shawnee Terrace Arms
1720-1722 Shawnee RdLima, OH 45805
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 2 Bedroom Apartments
The Charlestowne
2350 N Cole StLima, 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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2 to 4 Bedroom Apartments
Country View
325 E 8th StLima, OH 45804
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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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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1 Bedroom Apartments
1540 N Elizabeth St
1540 N Elizabeth StLima, OH 45801
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1 Bedroom Apartments
Lima Towers - Income Based 62+
790 S Main StLima, OH 45804
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1 to 3 Bedroom Apartments
Mt. Vernon Village
2650 West Market StLima, OH 45805
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2 Bedroom Apartments
Rebecca Drive
1647-1667 Rebecca DrLima, OH 45805
535 E 5th St
LimaOH45804
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2 Bedroom Apartments
232 S McDonel One Available
222 S McDonel StLima, OH 45801
500 N Shore Dr
LimaOH45801
138 Harrison Ave
LimaOH45804
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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1 to 2 Bedroom Apartments
Elijah Parkway
2941 Elijah PkyLima, OH 45805
143 Elm St
CairoOH45820
104 W 1st St
New BremenOH45869
302 N Meridian St
PortlandIN47371
519 1/2 Ann St
PiquaOH45356
118 S Pearl St
SpencervilleOH45887
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1 to 2 Bedroom Apartments
Towne & Country Apartments
5340 Nesbitt StElida, OH 45807
337 E Sandusky St
FindlayOH45840
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.
424 S Miami Ave
BradfordOH45308
1531 Spruce Ave
SidneyOH45365
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 | $512 | $225 | $646 |
| Cheap Lima 1 Bedroom Apartments | $1,071 | $225 | $1,600 |
| Cheap Lima 2 Bedroom Apartments | $1,318 | $825 | $2,500 |
| Cheap Lima 3 Bedroom Apartments | $1,218 | $700 | $1,893 |
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 2 Beds apartment currently listed from $880. 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 | Studio | 1BR,1BA | $225 |
| Mark Royal | 2 Bedroom | 2BR,1BA | $880 |
| Royal Jameson | 2 Bedroom | 2BR,1BA | $920 |
| Northlake Village Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,219 |
| 43 Town Square | 2 Bedroom | 2BR,1BA | $1,252 |
Best Value Apartments for Rent in Lima, OH
As of September 11, 2026 the best value apartment in the Lima area is the $0.67 price per square foot 2 Bed 2 Bath Model at The Annex of Lima in the starting from $825. The second greatest value Lima apartment is the 2 Bedroom Model at 43 Town Square starting at $1,252 with a $1.24 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 | 2 Bed 2 Bath | 2BR,2BA | $0.67 |
| 43 Town Square | 2 Bedroom | 2BR,1BA | $1.24 |
| Northlake Village Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.22 |
| 1486 Edgewood Dr, Unit 1486 Edgewood Drive | 1486 Edgewood Dr | 2BR,1BA | $1.11 |
| 2275 N Cable Rd, Unit 176 | 2275 N Cable Rd | 2BR,2BA | $1.36 |
| Royal Jameson | 2 Bedroom | 2BR,1BA | $1.11 |
| 732 1/2 N Main St, Unit 732 1/2 N. Main St. | 732 1/2 N Main St | 1BR,1BA | $1.31 |
| Town Square Senior Apartments - 62+ or HUD | 1 Bedroom | 1BR,1BA | $0.45 |
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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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.
Read ArticleReal 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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Best Local Schools in Lima, OH
Lima South Science-Technology Magnet K-8
Lima City School District
Public School - Grades K-8 (167)
7 out of 10
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
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 43 Town Square and starts from $1,413.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.