Homes for Rent in Lima, IL Under $1,500 (34 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
close
View Me
1404 Lucas Ave
$8952 Bedroom, 1 Bath Home for RentAvailable Now

1404 Lucas Ave

Burlington, IA 52601
View Details
close
View Me
116 N 5th St
$8501 Bedroom, 1 Bath Condo for RentAvailable Now

116 N 5th St

Burlington, IA 52601
View Details
close
View Me
728 W Calhoun St
$6751 Bedroom, 1 Bath Condo for RentAvailable Jun 1, 2025

728 W Calhoun St

Macomb, IL 61455
View Details
close
View Me
203 Charleston Blvd
$6151 Bedroom, 1 Bath Condo for RentAvailable Now

203 Charleston Blvd

Macomb, IL 61455
View Details
close
View Me
303 E Cortland St
$425Studio, 1 Bath Condo for RentAvailable Now

303 E Cortland St

Avon, IL 61415
View Details

Lima, IL Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lima

What type of rentals are currently available in Lima?

There are currently 34 Apartments for Rent in Lima, IL with pricing that ranges from $340 to $1,900. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lima ranging from $331 to $1,650.

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 $331 to $1,650 with an average monthly rent of $874.

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 $340 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $726 to $1,100. Four Bedroom Single-Family rentals are also available starting from $1,249 and Four Bedroom Apartments start at $600.

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 Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting  article

Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.

decorative image for Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.