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

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Search the lowest-cost Apartments available for rent right now in Lima.

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The Strawberry
1 to 2 Bedroom Apartments

The Strawberry

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

Eden Apartments

555 W Mikan DrRexburg, ID 83440
  • Utilities Included
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 University Courtyard priced from $925. Village at Rexburg has the second lowest priced unit, which is a 1 Bed apartment currently listed from $940. Here is today’s list of the most affordable Lima apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Courtyard1X1 Furnished1BR,1BA$925
Village at Rexburg1/1.001BR,1BA$940
Black Feather Apartments1 Bedrom1BR,1BA$998
Madison Station1x11BR,1BA$1,099
Providence Square2x12BR,1BA$1,185
Pioneer CrossingA21BR,1BA$1,274
Centennial Patio Home Apartments2 Bedroom, 1 Bathroom w/ Garage Included2BR,1BA$1,275
Manchester United1 Bed, 1 bath1BR,1BA$1,275
The Lofts on Broadway1 Bed 1 Bath1BR,1BA$1,299
The Residences at Victory Ranch1x1 w/garage Ponderosa1BR,1BA$1,299

Best Value Apartments for Rent in Lima, MT and Nearby

As of April 13, 2025 the best value apartment in the Lima area is the $0.73 price per square foot Live/Work Model at Chicane Apartments at the Riverwalk in the in the Downtown Idaho Falls neighborhood starting from $1,750. The second greatest value Lima apartment is the 2x2 TH Model at VALO at Olive Plaza starting at $1,799 with a $1.37 price per square foot in the Downtown Idaho Falls neighborhood. 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.
Chicane Apartments at the RiverwalkLive/WorkStudio ,1BA$0.73
VALO at Olive Plaza2x2 TH2BR,2BA$1.37
Sparrow Hill Apartments2 bedroom 2 bath2BR,2BA$1.40
Sage Point Village2x2 - 3rd Floor - $1,3752BR,2BA$1.29
Teton Oasis Apartments2 Bedroom/ 2 Bath2BR,2BA$1.39
Hitt Road Patio Home Apartments2 Bedroom, 1 Bathroom w/ Garage Included2BR,1BA$1.65
Manchester United1 Bed, 1 bath1BR,1BA$1.55
Centennial Patio Home Apartments2 Bedroom, 1 Bathroom w/ Garage Included2BR,1BA$1.63
Madison Station1x11BR,1BA$1.65
Village at Rexburg1/1.001BR,1BA$1.42

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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 $925 at University Courtyard.

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 $1,165 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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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.

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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.

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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.

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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.