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Apartments for Rent in Lima, OH under $500

Apartments for Rent in Lima, OH under $500. 5 Rentals Available
5 Rentals Available
Quick filters
  • 1 bd $400+
    Base rent
    Verified Listing

    538 North Metcalf Street, Lima, OH 45801
    Pet friendly
  • 1 bd $314+
    Base rent
    Verified Listing

    1007 Brice Ave Duplex, Lima, OH 45805
    Pet friendly
  • 2 bd $144
    Base rent
    Verified Listing

    501 Orena Avenue, Lima, OH 45804
    Pet friendly
  • 2920 Dutch Hollow Triplex 2 Beds Apartment for Rent
    2 bd $115
    Base rent
    Verified Listing

    2920 Dutch Hollow Triplex, Lima, OH 45807
    Pet friendly
  • 4 bd $465
    Base rent
    Verified Listing

    580 Harrison Ave, Lima, OH 45804
    Dishwasher • Washer/Dryer
5-0-city

Frequently asked questions

When were prices and availability in Lima, OH last updated?

Prices and availability in Lima, OH were last updated on 10 Aug 2026.

What are the best apartments in Lima, OH?
What type of rental buildings are in Lima, OH?

In Lima 54% of the housing is rented out compared to 46% of homes are owned, according to the most recent Census Bureau estimates. 8% of Lima's apartments are found in large buildings of 50 units or more, 41% are located in smaller apartment complexes with less than 50 units, and 51% are single-family rentals.

Renting apartments in Lima, OH under $500

Searching for apartments for rent in Lima, OH under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Lima, OH, where the average rent is $290 per month, there are 5 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Lima, OH. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Lima, OH going for $115 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.