Rentometer, Inc. | Data as of 10/22/2025
Lima’s metro rental market offers a balanced mix of apartments and single‑family homes, catering to a wide range of lifestyle preferences. Downtown Lima and the historic West Northside district are popular for their walkable streets, vibrant dining scene, and proximity to Ohio University’s regional campus. Families often gravitate toward the quiet, tree‑lined neighborhoods of Woodgate and Eastwood, while young professionals appreciate the modern loft‑style apartments near the Riverfront Plaza and the bustling Commercial Street corridor.
Rental rates in Lima reflect the city’s affordable cost of living while providing quality housing options. One‑bedroom apartments typically range in the $900s, with two‑bedroom units moving into the $1300s, and larger three‑bedroom apartments approaching the $1400s. For those seeking a house, one‑bedroom units start in the $600s, two‑bedroom homes hover around the $1000 mark, and larger families can find spacious four‑plus bedroom homes in the $1800s range. These price points make both apartments and houses competitive choices for renters looking for value without sacrificing comfort.
Beyond the numbers, Lima’s rental community benefits from easy access to key attractions such as the Allen County Fairgrounds, the historic Plaza Theatre, and the scenic routes along the Maumee River. Strong local employment hubs, including manufacturing and healthcare, support a stable tenant base, while the city’s ongoing downtown revitalization projects continue to enhance the appeal of its rental neighborhoods. Whether you’re searching for a cozy apartment or a roomy family home, Lima’s metro area delivers a welcoming environment and diverse housing inventory.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $956 | $950 | $225 - $1,595 | $875 - $1,275 |
| Apartment | 2 Bedroom | $1,335 | $1,327 | $750 - $2,000 | $1,165 - $1,650 |
| Apartment | 3 Bedroom | $1,494 | $1,385 | $995 - $2,100 | $1,100 - $1,820 |
| House | 1 Bedroom | $687 | $737 | $425 - $850 | $725 - $850 |
| House | 2 Bedroom | $1,088 | $1,000 | $650 - $2,100 | $875 - $1,250 |
| House | 3 Bedroom | $1,488 | $1,300 | $816 - $4,200 | $1,100 - $1,600 |
| House | 4+ Bedroom | $1,899 | $1,855 | $535 - $4,000 | $1,375 - $2,500 |
In the current period, the average rent in Lima, OH was
$889 for 1 Bedroom,
$1,175 for 2 Bedroom,
$1,490 for 3 Bedroom, and
$1,953 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.