
Cheap Apartments for Rent in Lima, IL from $300 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Lima.


Lexington Concord

430 S 14th St

109 N 8th St

Aspen Court

528 N 8th St

Bel Aire Apartments

Smith and Royer Apartments

PARKWAY ESTATES

1500 N Carolina St

Park Madison Apartments

303 E Cortland St

520 S Johnson St

209 Chandler Blvd

217 Charleston Blvd

304 S 2nd St

617 W Calhoun St

220 Charleston Blvd

219 Charleston Blvd

202 Charleston Blvd

218 Charleston Blvd

1714 Singleton Ave

708 N Campbell St

714 N Campbell St
Lima, IL Local Guide

How much does it cost to rent an apartment in Lima?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lima Studio Apartments | $869 | $390 | $1,225 |
Lima 1 Bedroom Apartments | $840 | $510 | $1,475 |
Lima 2 Bedroom Apartments | $1,039 | $300 | $1,800 |
Lima 3 Bedroom Apartments | $1,423 | $340 | $1,900 |
Lima 4 Bedroom Apartments | $1,233 | $600 | $1,600 |
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Lima, IL Local Guide
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Cheapest Available Lima Apartments for Rent and Nearby
 The cheapest available apartment rental in Lima, IL is a Studio unit found at Macomb Rentals priced from $390. Mayfair Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $525. Here is today’s list of the most affordable Lima apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
Mayfair Manor | 2x1 | 2BR,1BA | $525 |
Bel Aire Apartments | 1 Bedroom | 1BR,1BA | $650 |
Smith and Royer Apartments | 1 Bedroom | 1BR,1BA | $650 |
PARKWAY ESTATES | 1 Bedroom 1 Bath | 1BR,1BA | $655 |
1500 N Carolina St | 2X2 | 2BR,2BA | $700 |
Green Gable Cottages | Green Gable - Memorial Park Rd | 1BR,1BA | $750 |
Summer Street Apartments | Studio 9 | Studio,1BA | $775 |
The Burlington Apartments | 1BR/1BA | 1BR,1BA | $795 |
Park Madison Apartments | 2BR/1BA | 2BR,1BA | $800 |
Best Value Apartments for Rent in Lima, IL and Nearby
As of April 04, 2025 the best value apartment in the Lima area is the $0.90 price per square foot Three Beds Two Baths Model at Emerson Garden Apartments in the starting from $1,400. The second greatest value Lima apartment is the 2 Bedroom Townhome Model at Pleasant Terrace Townhomes starting at $950 with a $0.76 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. |
---|---|---|---|
Emerson Garden Apartments | Three Beds Two Baths | 3BR,2BA | $0.90 |
Pleasant Terrace Townhomes | 2 Bedroom Townhome | 2BR,1.5BA | $0.76 |
River Oaks Trails | 2 Beds, 2 baths | 2BR,2BA | $0.83 |
Creekside Park | 2 BR / 2 BA | 2BR,2BA | $0.92 |
Park Madison Apartments | 2BR/1BA | 2BR,1BA | $0.84 |
Churchill Lofts | Churchill Lofts - 205 | 1BR,1BA | $0.97 |
1500 N Carolina St | 2X2 | 2BR,2BA | $0.78 |
Blaul Lofts | Blaul Lofts - 407 | 1BR,1BA | $1.02 |
PARKWAY ESTATES | 1 Bedroom 1 Bath | 1BR,1BA | $0.90 |
Bel Aire Apartments | 2 Bedroom | 2BR,1BA | $1.11 |
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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 Cheap Lima Apartments
What is the Cheapest Studio apartment in Lima?
Currently the most affordable Cheap Studio Apartment in Lima is at Macomb Rentals listed at $390.
How much is rent for a Cheap One Bedroom Lima Apartment?
The lowest price for a Cheap One Bedroom Lima Apartment is $510 at Macomb Rentals.
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 $450 at Macomb Rentals.
What is the most affordable Lima Three Bedroom Apartment?
The best deal on a cheap Lima Three Bedroom Apartment rental is at 1500 N Carolina St and starts from $775.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.