Rent in Lima, OH at a glance
2-bedroom rent (HUD)
$1,108$13,296 a year · HUD fiscal year 2026From October 1, 2026: $1,179 (+6.4%)How much rent can you afford in Lima, OH?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Lima, OH by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $839 | $10,068 | $33,560 | $16.13/hr |
| 1 bedroom | $844 | $10,128 | $33,760 | $16.23/hr |
| 2 bedroomsMost searched | $1,108 | $13,296 | $44,320 | $21.31/hr |
| 3 bedrooms | $1,338 | $16,056 | $53,520 | $25.73/hr |
| 4 bedrooms | $1,493 | $17,916 | $59,720 | $28.71/hr |
Living and working in Lima, OH
Rent in Lima, OH: common questions
How much is rent going up in Lima, OH in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,179 for a two-bedroom, up 6.4% from $1,108. A one-bedroom goes from $844 to $901, a studio from $839 to $895.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Lima, OH?
HUD's Fair Market Rent for 2026 is $844 for a one-bedroom and $1,108 for a two-bedroom, utilities included. That is $13,296 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Lima, OH?
To keep a $1,108 two-bedroom at 30% of gross pay, one full-time worker needs $21.31 an hour, or $44,320 a year. A one-bedroom at $844 takes $16.23 an hour.
How much is a 1, 2 or 3-bedroom apartment in Lima, OH?
At HUD's 2026 Fair Market Rent: studio $839, one bedroom $844, two $1,108, three $1,338 and four $1,493 a month.
Is rent affordable in Lima, OH?
For the typical household, earning $46,240 a year ($3,853 a month, Census ACS), a two-bedroom at $1,108 takes 28.8% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,108 × 12) ÷ 0.30 = $44,320. Divided by 2,080 working hours, that is $21.31 an hour.