
Cheap Homes for Rent in Lima, OH from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Lima.


104 W High St

210 E Main St

414 E Ash St

615 N Main St

510 N College St

436 Wood St

432 Miami St

534 1/2 Boone St

726 N Downing St
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.
Lima, OH Local Guide

How much does it cost to rent a home in Lima?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lima 2 Bedroom Homes for Rent | $1,280 | $700 | $2,000 |
Lima 3 Bedroom Homes for Rent | $5,499 | $990 | $10,000+ |
Lima 4 Bedroom Homes for Rent | $1,402 | $535 | $1,800 |
Lima 5 Bedroom Homes for Rent | $99,999 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Lima
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Lima, OH Local Guide
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Cheapest Available Lima Apartments for Rent
 The cheapest available apartment rental in Lima, OH is a 1 Bed unit found at Mt. Vernon Village priced from $700. 43 Town Square has the second lowest priced unit, which is a 2 Beds apartment currently listed from $910. Here is today’s list of the most affordable Lima apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mt. Vernon Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $700 |
43 Town Square | 2 Bedroom | 2BR,1BA | $910 |
Northlake Village Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,159 |
Best Value Apartments for Rent in Lima, OH
As of April 20, 2025 the best value apartment in the Lima area is the $1.00 price per square foot Market St. Model at 2563 W Market St in the starting from $1,200. The second greatest value Lima apartment is the 2 Bedroom Model at 43 Town Square starting at $910 with a $0.90 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. |
---|---|---|---|
2563 W Market St | Market St. | 2BR,1BA | $1.00 |
43 Town Square | 2 Bedroom | 2BR,1BA | $0.90 |
Northlake Village Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.16 |
730 N Charles St, Unit 724NorthCharlesSt | 730 N Charles St | 2BR,1BA | $0.75 |
The Annex of Lima | 2 Bed 2 Bath | 2BR,2BA | $0.41 |
1387 N Cole St, Unit # 1 | 1387 N Cole St | 1BR,1BA | $0.95 |
1387 N Cole St, Unit #3 | 1387 N Cole St | 1BR,1BA | $0.98 |
1387 N Cole St, Unit # 1 and 3 | 1387 N Cole St | 1BR,1BA | $1.03 |
Metro Center | Single | 1BR,1BA | $1.67 |
Mt. Vernon Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.17 |
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Frequently Asked Questions about Lima
What type of rentals are currently available in Lima?
There are currently 94 Apartments for Rent in Lima, OH with pricing that ranges from $410 to $2,400. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lima ranging from $535 to $99,999.
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 $535 to $99,999 with an average monthly rent of $18,315.
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.

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.

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.