Cheap Apartments for Rent in Lima, MT from $700 (34 Rentals)

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Cheap Apartments in Lima.

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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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 106 E 1st S

106 E 1st S

RexburgID83440
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The Strawberry
1 to 2 Bedroom Apartments

The Strawberry

457 S 4th WRexburg, ID 83440
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Eden Apartments
1 to 2 Bedroom Apartments

Eden Apartments

555 W Mikan DrRexburg, ID 83440
  • Utilities Included
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Mesa Falls Apartments
1 to 3 Bedroom Apartments

Mesa Falls Apartments

940 S 5th WRexburg, ID 83440
  • Utilities Included
property at 591 Turin Way

591 Turin Way

RexburgID83440
property at 403 Neyman St

403 Neyman St

SalmonID83467
Showing Results 1-34, Page 1 of 1

Lima, MT Local Guide

Cheapest Available Lima Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lima, MT is a 1 Bed unit found at At Home Rexburg priced from $860. University Courtyard has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Lima apartments for rent:

Apartment ListingModel NameBed/BathPriced From
At Home RexburgOne Bedroom1BR,1BA$860
University Courtyard1X1 Unfurnished1BR,1BA$875
Stone Brook ApartmentsTeton1BR,1BA$950
Village at Rexburg1/1.001BR,1BA$965
Black Feather Apartments1 Bedrom1BR,1BA$998
Chicane Apartments at the Riverwalk1 Bed 1 Bath1BR,1BA$1,050
Mesa Falls ApartmentsPrivate Falls1BR,1BA$1,064
Madison Station1x11BR,1BA$1,099
Teton Oasis Apartments1 Bedroom/ 1 Bath Floorplan A1BR,1BA$1,150
Manchester United1 Bed, 1 bath1BR,1BA$1,275

Best Value Apartments for Rent in Lima, MT and Nearby

As of May 06, 2025 the best value apartment in the Lima area is the $1.24 price per square foot 3x2.5 TH Model at VALO at Olive Plaza in the in the Downtown Idaho Falls neighborhood starting from $1,899. The second greatest value Lima apartment is the 2 bedroom 2 bath Model at Sparrow Hill Apartments starting at $1,649 with a $1.54 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.
VALO at Olive Plaza3x2.5 TH3BR,2.5BA$1.24
Sparrow Hill Apartments2 bedroom 2 bath2BR,2BA$1.54
Sage Point Village2x2 - 3rd Floor - $1,3752BR,2BA$1.29
Canyon Land2 Beds, 1 bath2BR,1BA$1.56
Manchester United1 Bed, 1 bath1BR,1BA$1.55
Village at Rexburg1/1.001BR,1BA$1.32
Teton Oasis Apartments1 Bedroom/ 1 Bath Floorplan A1BR,1BA$1.59
Mesa Falls ApartmentsPrivate Falls1BR,1BA$1.54
Stone Brook ApartmentsTeton1BR,1BA$1.41
Madison Station1x11BR,1BA$1.65

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

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Getting Around Lima, MT

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

21 / 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

How much is rent for a Cheap One Bedroom Lima Apartment?

The lowest price for a Cheap One Bedroom Lima Apartment is $860 at At Home Rexburg.

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 $1,050 at Village at Rexburg.

What is the most affordable Lima Three Bedroom Apartment?

The best deal on a cheap Lima Three Bedroom Apartment rental is at Black Feather Apartments and starts from $1,397.

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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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.