Cheap Homes for Rent in Lima, OH from $400 (8 Rentals)

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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.

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.

Lima, OH Local Guide

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 ListingModel NameBed/BathPriced From
Town Square Senior Apartments - 62+ or HUD1 Bedroom1BR,1BA$225
Mark Royal1 Bed, 1 bath1BR,1BA$738
Royal Jameson1 Bed, 1 bath1BR,1BA$738

Best Value Apartments for Rent in Lima, OH

As of March 05, 2026 the best value apartment in the Lima area is the $1.00 price per square foot 2448 Wilshire Dr Model at 2448 Wilshire Dr, Unit #2448 Wilshire Dr. Lima O in the starting from $1,350. The second greatest value Lima apartment is the 3 Bed 3 Bath Model at The Annex of Lima starting at $519 with a $0.42 price per square foot . Here is today’s list of the best values for Lima apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2448 Wilshire Dr, Unit #2448 Wilshire Dr. Lima O2448 Wilshire Dr3BR,2BA$1.00
The Annex of Lima3 Bed 3 Bath3BR,3BA$0.42
43 Town Square2 Bedroom2BR,1BA$0.95
Northlake Village Apartments2 Bed 1 Bath2BR,1BA$1.12
Emma Parkway Townhomes3866 Emma2BR,1BA$1.66
Metro CenterSingle1BR,1BA$1.67
Royal Jameson1 Bed, 1 bath1BR,1BA$1.23
655 Columbia Dr, Unit Westgate655 Columbia Dr1BR,1BA$1.60
Town Square Senior Apartments - 62+ or HUD1 Bedroom1BR,1BA$0.45
319 W North St, Unit Moreland319 W North StStudio ,1BA$1.75

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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The 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.

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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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Lima

What type of rentals are currently available in Lima?

There are currently 94 Apartments for Rent in Lima, OH with pricing that ranges from $225 to $2,500. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lima ranging from $425 to $2,700.

What is the current price range for Rental Homes in Lima?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lima ranges from $425 to $2,700 with an average monthly rent of $1,222.

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

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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.

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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.

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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.

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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.