Metro Center
127 N Elizabeth St,
Lima, OH 45801
1-2 Beds | $1,300 - $2,500
Rental Market Trends in Lima, OH
What is the average rent in Lima, OH?
$693/month
Average Rent
633 Sq Ft
Average Apartment Size
+1.9%
Increase in the Last Year
Lima, OH Rental Market Overview
The average rent in Lima, OH is $693 per month. This is 58% lower than the national average rent of $1,662/month, making renting in Lima more affordable than most cities in the US.
- Studio apartments in Lima average $555 per month.
- One-bedroom apartments in Lima average $693 per month.
- Two-bedroom apartments in Lima average $925 per month.
- Three-bedroom apartments in Lima average $997 or more per month.
Data Updated: July 1, 2026
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 1.9%, which averages out to $14 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 July 2026
Legend
2025
2026
Rent Ranges in Lima, OH
Last Updated July 2026
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
46%
Below $700/month
32%
$700 - $1,000/month
18%
$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 $693, you’ll want to make about $2,310 per month or $27,720 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 7.5% lower than the national average. Generally, housing in Lima is 17.7% less expensive than the national average, with rent falling between $555 - $997. You can expect to pay 0.1% less for groceries, 1.9% less for utilities, and 3.6% less for transportation.
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Frequently Asked Questions
What is the average rent in Lima?
The average rent in Lima is $693 per month, which is 58.3% lower than the national average of $1,662.
What is the average rent for a house in Lima?
The average rent for a house in Lima, OH is $1,665 per month.
Are rents going up or down in Lima?
Rents in Lima, OH are increasing, with prices up 1.9% year-over-year and $14 more per month.
What rent range is most common in Lima?
In Lima, OH, 46% of apartments fall below $700/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.