
Cheap Homes for Rent in Lima, OH from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lima.


304 N Woodlawn Ave

202 N Meridian St

565 E Market St
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.

239 Broadway

172 S Hanover St

2065 E Lakeside Dr

527 Nova 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.
Lima, OH Local Guide

How much does it cost to rent a home in Lima?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lima 2 Bedroom Homes for Rent | $1,332 | $795 | $2,700 |
| Lima 3 Bedroom Homes for Rent | $1,341 | $850 | $2,500 |
| Lima 4 Bedroom Homes for Rent | $1,609 | $1,100 | $1,900 |
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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 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 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2448 Wilshire Dr, Unit #2448 Wilshire Dr. Lima O | 2448 Wilshire Dr | 3BR,2BA | $1.00 |
| 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 | $1.12 |
| Emma Parkway Townhomes | 3866 Emma | 2BR,1BA | $1.66 |
| Metro Center | Single | 1BR,1BA | $1.67 |
| Royal Jameson | 1 Bed, 1 bath | 1BR,1BA | $1.23 |
| 655 Columbia Dr, Unit Westgate | 655 Columbia Dr | 1BR,1BA | $1.60 |
| Town Square Senior Apartments - 62+ or HUD | 1 Bedroom | 1BR,1BA | $0.45 |
| 319 W North St, Unit Moreland | 319 W North St | Studio ,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.
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
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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.
Best Local Schools in Lima, OH
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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

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.