1 Bedroom Apartments for Rent in Lima, IL (43 Rentals)

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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.

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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.

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property at 133 S 4th St

133 S 4th St

QuincyIL62301

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 116 N 5th St

116 N 5th St

BurlingtonIA52601
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Bel Aire Apartments
1 Bedroom Apartments

Bel Aire Apartments

301 Bel Aire CtBurlington, IA 52601
  • Utilities Included
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603 Jefferson St
1 Bedroom Apartments

603 Jefferson St

603 Jefferson StBurlington, IA 52601
  • Utilities Included
Showing Results 1-43, Page 1 of 1

Lima, IL Local Guide

Largest Available Lima and Nearby 1 Bedroom Apartments

The largest available 1 Bedroom apartment unit in Lima, IL is found at Nexus TownHomes in the Ginger Ridge neighborhood and is 1,000 square feet priced from $975. School House Apartments in the Pershing Place neighborhood has the second largest 1 Bedroom, which is sized at 900 square feet and currently listed start at $800. Here is today’s list of the largest available 1 Bedroom units in Lima:

Apartment ListingModel NameSquare FootagePriced From
Nexus TownHomes1B,1BA 510 Layne Drive1,000 Sq Ft$975
School House Apartments1 Bedroom and 1 Bath900 Sq Ft$800
Stonegate Village ApartmentsOne Bedroom Large760 Sq Ft$910
Park Madison Apartments1BR/1BA750 Sq Ft$700
Urbane424 ApartmentsA11 - 1 Bed / 1 Bath620 Sq Ft$995
The Burlington Apartments1BR/1BA618 Sq Ft$795
Jefferson House Senior Living1 Bed/1 Bath525 Sq FtCall for Rates
Smith and Royer Apartments1 Bedroom480 Sq Ft$650
Green Gable CottagesGreen Gable - Memorial Park Rd460 Sq Ft$750

Cheapest Available Lima and Nearby 1 Bedroom Apartments

As of May 15, 2025 the lowest priced 1 Bedroom apartment unit in Lima, IL is the 1 Bed, 1 bath Model starting from $510 at Macomb Rentals . The second most affordable Lima 1 Bedroom is the 1 Bedroom Model at Smith and Royer Apartments starting at $650 . The average price for all 1 Bedroom apartments in Lima is currently $826. Here is today’s list of the cheapest available 1 Bedroom options in Lima:

Apartment ListingModel NamePriced From
Macomb Rentals1 Bed, 1 bath$510
Smith and Royer Apartments1 Bedroom$650
Park Madison Apartments1BR/1BA$700
Green Gable CottagesGreen Gable - Memorial Park Rd$750
The Burlington Apartments1BR/1BA$795
School House Apartments1 Bedroom and 1 Bath$800
Stonegate Village ApartmentsOne Bedroom$810
Blaul LoftsBlaul Lofts - 407$850
Nexus TownHomes514 Layne Drive$975
Urbane424 ApartmentsA11 - 1 Bed / 1 Bath$995

Quick 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.

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

Explore Lima, IL Rentals by Map

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See the most popular apartments and homes in Lima, IL

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Getting Around Lima, IL

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about 1 Bedroom Lima Apartments

What is the Cheapest apartment in Lima with 1 Bedroom?

Currently the most affordable 1 Bedroom in Lima is at Macomb Rentals listed at $510.

How much is the average rent for a 1 Bedroom Lima Apartment?

The average rent for a 1 Bedroom Apartment in Lima is $826.

What is the largest available 1 Bedroom Lima Apartment for rent?

Today's apartment with the most square footage in Lima is a 1,000 square feet unit starting from $975 at Nexus TownHomes.

What is the average size for Lima 1 Bedroom Apartments for rent?

The average size for a 1 Bedroom rental in Lima is currently 850 sq ft.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.