Cheap Homes for Rent in Lima, OH from $400 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in Lima.

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.

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

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 ListingModel NameBed/BathPriced From
43 Town Square2 Bedroom2BR,1BA$595
Mt. Vernon Village1 Bedroom 1 Bathroom1BR,1BA$700
Elijah ParkwayOne Bedroom1BR,1BA$990

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 ListingModel NameBed/BathPrice Per Sq.Ft.
236 S Kenilworth AveThree-Bedroom3BR,2BA$0.97
43 Town Square2 Bedroom2BR,1BA$0.59
2304 Lakewood Ave, Unit 23042304 Lakewood Ave2BR,1BA$1.56
Emma Parkway Townhomes3866 Emma2BR,1BA$1.66
Northlake Village Apartments1 Bed 1 bath1BR,1BA$1.21
Willow Lake2 Bed, 1 Bath2BR,1BA$1.27
Metro CenterSingle1BR,1BA$1.67
Mt. Vernon Village1 Bedroom 1 Bathroom1BR,1BA$1.17
504 1/2 S Shawnee St, Unit S Shawnee St504 1/2 S Shawnee StStudio ,1BA$3.41

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Frequently Asked Questions about Lima

What type of rentals are currently available in Lima?

There are currently 91 Apartments for Rent in Lima, OH with pricing that ranges from $465 to $2,400. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lima ranging from $425 to $42,999.

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 $42,999 with an average monthly rent of $2,197.

How much are larger Three and Four Bedroom Rentals in Lima?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lima range from $699 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $42,999. Four Bedroom Single-Family rentals are also available starting from $425 and Four Bedroom Apartments start at $465.

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.

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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.

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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.