Ohio has rolling hills, scenic countryside, and friendly people. Immerse yourself in Ohio's cultural heritage by visiting iconic sites like the Rock and Roll Hall of Fame, the Cincinnati Museum Center, and the National Museum of the United States Air Force. Ohio is also home to renowned universities like Ohio State University and the University of Cincinnati, where you can take your knowledge further. In addition, the economy of Ohio is thriving with solid manufacturing, finance, and healthcare industries.

It's also a paradise for outdoor enthusiasts with its picturesque parks and recreational areas, such as the Hocking Hills, the Cuyahoga Valley National Park, and the Great Lakes. Ohio is also home to several sports teams, including the Cleveland Browns (NFL), Cincinnati Bengals (NFL), Cleveland Indians (MLB), Cincinnati Reds (MLB), and Cleveland Cavaliers (NBA). In addition, discover iconic attractions like the Pro Football Hall of Fame, the Rock and Roll Hall of Fame, Columbus Zoo, and Cincinnati Zoo.

Whether you are looking for a bustling city or quiet countryside, Ohio has something for everyone, making it a great place to live.

Rental Market Trends

Lima, OH

As of August 2025, Lima's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lima's average rent is 12.5% ($160) higher than the Ohio average of $1,279 and 19.6% ($351) lower than the U.S. average of $1,790.

Average Rent

$1,439

Monthly ChangeMonth Over Month Change

12.7% ($162)

Yearly ChangeYear Over Year Change

60.8% ($544)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,076	0.7% ($7)	52.8% ($372)
2 Beds	$1,313	0.5% ($6)	50.9% ($443)
3 Beds	$1,659	5.4% ($85)	53.8% ($580)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Lima Rental Market FAQs

Explore rental prices, market trends, and availability in Lima, OH.

What is the average rent in Lima, OH?

The average rent in Lima, OH is $1,439 per month.

What is the rental price range for apartments in Lima, OH?

Apartments in Lima typically rent for between $753 and $2,157 per month, with an average of $1,439 per month.

What is the average rent for different bedroom sizes in Lima, OH?

In Lima, the average rent for a 1-bedroom apartment is $1,076 per month, for a 2-bedroom apartment, $1,313 per month, and a 3-bedroom apartment is $1,659 per month.

How do rent prices in Lima, OH compare with the national average?

The average rent in Lima is 19.6% ($351) lower than the national average of $1,790 per month.

How have rent prices in Lima, OH changed recently?

The average rent in Lima has increased by 12.7% ($162) in the last month and increased by 60.8% ($544) over the past year.

How competitive is the rental market in Lima, OH?

The rental market in Lima, OH, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Lima, OH?

In Lima, OH, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Lima, OH?

There are currently 7 rental properties available in Lima, OH.

Can I afford to rent an apartment in Lima, OH?

Based on the current averages, a household would need an annual income of $52,520 to comfortably afford a 2-bedroom apartment in Lima.