Rental Market Trends in Lima, OH

Q: What is the average rent in Lima, OH?

As of November 2025, the average rent in Lima, OH was $695/month.

What is the average rent in Lima, OH?

$695/month

Average Rent

583 Sq Ft

Average Apartment Size

+1.3%

Increase in the Last Year

As of November 2025, the average rent in Lima, OH is $695 per month. This is 57% lower than the national average rent of $1,631/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 $548 per month for a studio, $695 for a one-bedroom apartment, and around $915 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,010 or more.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

$548/month

215 Sq Ft

One Bedroom

$695/month

583 Sq Ft

Two Bedroom

$915/month

854 Sq Ft

Three Bedroom

$1,010/month

1,116 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Three Bedroom

$1,358/month

1,251 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.

Percentage*

Rent Range

46% Below $700/month

35% $700 - $1,000/month

15% $1,001 - $1,500/month

4% $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 $695, you’ll want to make about $2,316 per month or $27,792 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 8.6% lower than the national average. Generally, housing in Lima is 19.0% less expensive than the national average, with rent falling between $548 - $1,010. You can expect to pay 0.2% less for groceries, 5.3% less for utilities, and 6.5% less for transportation.

How does Lima, OH compare to other nearby cities and neighborhoods?

Use the tool below to compare Lima, OH to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Apartment communities in Lima we think you'll love

Mark Royal

901 W Market St,
Lima, OH 45805

$590 - $970

Studio - 2 Beds

Metro Center

127 N Elizabeth St,
Lima, OH 45801

$1,300 - $2,500

1-2 Beds

Shawnee Lakes Apartments

2855 Bird Creek,
Lima, OH 45805

$1,055 - $1,820

1-3 Beds

Willow Lake

2260 Lake Circle Dr,
Lima, OH 45801

$1,050 - $1,350

1-3 Beds

Property Management Companies in Lima, OH

Joseph Skilken Realty Inc

11

Communities
597

Units
4

Cities

2 Communities in Lima

Monarch Investment and Management Group

315

Communities
77,387

Units
144

Cities

1 Community in Lima

Woda Cooper Companies

64

Communities
3,402

Units
55

Cities

1 Community in Lima

Friedman Real Estate

44

Communities
11,739

Units
30

Cities

1 Community in Lima

Towne Properties

65

Communities
11,469

Units
29

Cities

1 Community in Lima

The Annex Group

20

Communities
2,868

Units
19

Cities

1 Community in Lima

Pivotal Housing Partners

17

Communities
1,402

Units
16

Cities

1 Community in Lima

Mid-Ohio Development

13

Communities
1,592

Units
10

Cities

1 Community in Lima

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United States Ohio Lima Rental Trends

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 November 2025.

* Percentages may not total 100 due to rounding.