
Cheap Apartments for Rent in Lima, OH from $400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Lima.


1133 simon Ave

304 N Woodlawn Ave

Mark Royal

Royal Jameson

655 Columbia Dr, Unit Westgate
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

Shawnee Lofts

Country View

The Charlestowne

Hampton Greene

Andover Court
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.

Richelieu Apartments

Kimberly Apartments

Waterford Townhomes

Maplewood Apartments

Shawnee Terrace Arms

Wilshire Place
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.

Brower Commons Apartments

The Vineyards

Spring Street Senior Lofts

The Moreland Manor

The Barr Apartments

202 N Meridian 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.

413 Washington 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 | $1,002 | $225 | $1,500 |
| Cheap Lima 2 Bedroom Apartments | $1,253 | $650 | $2,500 |
| Cheap Lima 3 Bedroom Apartments | $1,303 | $519 | $1,913 |
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 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 |
| Jefferson Manor Apartments | 3 Bedroom | 3BR,1BA | $995 |
| 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 March 13, 2026 the best value apartment in the Lima area is the $0.42 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 2 Bedroom Model at 43 Town Square starting at $956 with a $0.95 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 | $0.42 |
| 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 |
| Metro Center | Single | 1BR,1BA | $1.67 |
| 108 Hartford Ct, Unit 108 | 108 Hartford Ct | 1BR,1BA | $2.05 |
| Royal Jameson | 1 Bed, 1 bath | 1BR,1BA | $1.23 |
| 522 S Main St, Unit 4 | 522 S Main St | 1BR,1BA | $2.29 |
| Town Square Senior Apartments - 62+ or HUD | 1 Bedroom | 1BR,1BA | $0.45 |
| 655 Columbia Dr, Unit Westgate | 655 Columbia Dr | 1BR,1BA | $1.60 |
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 $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 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

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.

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.