Rentometer, Inc. | Data as of 10/22/2025
Lima, Ohio offers a diverse rental landscape that balances historic charm with modern convenience. Prospective renters will find a mix of single‑family homes and apartment communities throughout the city, each reflecting the area’s welcoming small‑town atmosphere and close proximity to downtown amenities, the Allen County Fairgrounds, and the vibrant downtown Riverfront District. Whether you’re seeking the quiet of a suburban neighborhood or the walkable lifestyle near Lima’s cultural venues, the market provides options that suit a range of preferences and budgets.
Apartment rentals in Lima generally trend toward the $900‑$1,000 range for one‑bedroom units, while two‑bedroom apartments most often sit near the $1,300‑$1,400 bracket, with three‑bedroom spaces clustering around the $1,350‑$1,400 level. For those who prefer a house, one‑bedroom homes are typically priced in the $600‑$700 range, and two‑bedroom houses often fall near $950‑$1,050. Larger family homes with three or more bedrooms commonly command rents in the $1,300‑$1,600 range, with four‑plus bedroom houses frequently landing in the $1,500‑$1,600 zone. Median rents echo these patterns, hovering around $1,000 for one‑bedroom apartments and $950 for two‑bedroom houses, indicating a stable and competitive market.
The city’s blend of affordable housing, convenient access to major highways, and nearby attractions such as the historic Ohio Theatre and the bustling Westgate Mall make Lima an appealing destination for students, professionals, and families alike. With a range of rental choices that cater to varied lifestyles, Lima’s rental market continues to support a vibrant community while offering reliable value for residents.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $986 | $1,000 | $225 - $1,595 | $875 - $1,275 |
| Apartment | 2 Bedroom | $1,411 | $1,350 | $750 - $2,000 | $1,195 - $1,730 |
| Apartment | 3 Bedroom | $1,375 | $1,342 | $995 - $1,820 | $1,300 - $1,820 |
| House | 1 Bedroom | $675 | $750 | $425 - $850 | $425 - $850 |
| House | 2 Bedroom | $1,034 | $925 | $650 - $2,100 | $875 - $1,200 |
| House | 3 Bedroom | $1,321 | $1,295 | $816 - $2,300 | $1,050 - $1,495 |
| House | 4+ Bedroom | $1,617 | $1,500 | $900 - $2,500 | $1,375 - $1,860 |
In the current period, the average rent in Lima was $908 for 1 Bedroom, $1,167 for 2 Bedroom, $1,325 for 3 Bedroom, and $1,629 for 4+ Bedroom.
Data provided by Rentometer, Inc.