The Annex of Lima
4175 Harding Hwy,
Lima, OH 45804
$725
3 Beds
Rental Market Trends in Lima, OH
What is the average rent in Lima, OH?
$697/month
Average Rent
630 Sq Ft
Average Apartment Size
+1.3%
Increase in the Last Year
As of October 2025, the average rent in Lima, OH is $697 per month. This is 57% lower than the national average rent of $1,630/month, making renting in Lima more affordable than most cities in the US. When you rent an apartment in Lima, you can expect to pay about $546 per month for a studio, $697 for a one-bedroom apartment, and around $926 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,008 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lima, OH?
In the past year, rent has increased by 1.3%, which averages out to $9 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024
2025
Rent Ranges in Lima, OH
Last Updated October 2025
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
46%
Below $700/month
31%
$700 - $1,000/month
15%
$1,001 - $1,500/month
8%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Lima, OH?
Because the average rent in Lima is $697, you’ll want to make about $2,323 per month or $27,876 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Lima, OH is 7.6% lower than the national average. Generally, housing in Lima is 18.1% less expensive than the national average, with rent falling between $546 - $1,008. You can expect to pay 0.2% more for groceries, 3.5% less for utilities, and 4.0% less for transportation.
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.
* Percentages may not total 100 due to rounding.