Apartments Near University Of Northwestern Ohio

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24
$1,016
1741 Lucille Drive Lima, OH
1 BR | Jul. 10, 2024
2.5 miles from center of campus
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
16
$375
Lima, OH
4 BR | Available Now
3.3 miles from center of campus
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Storage
Dishwasher
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Lima:
March Rent Report

Welcome to the March 2024 Lima Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Lima rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Lima and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Lima average rent prices in the chart below.

Monthly Rent Report

$2,150
$1,610
$1,080
$540
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Lima Rent Prices Increase From February to March

Lima rent prices increased over the last month. From February to March, the city experienced a 3.24% increase for the price of a one-bedroom apartment. The rent price for a Lima one-bedroom apartments currently stands at $828.0.

When we take a look at the two-bedroom comparison from February to March, Lima experienced a 1.35% increase for the price of a two-bedroom apartment. The rent price for a Lima two-bedroom apartments currently stands at $1,502.0.

March Prices: Lima vs. Surrounding Areas

Rent Prices in Lima and Surrounding Areas

Rent prices have increased in Lima over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Lima suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Lima suburbs

  • Rents did not decrease in any of the Lima suburbs.

March 2024 Pricing Trends: Lima vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Lima Rent Prices More Affordable Than Major Cities

Rent growth in Lima over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Lima average rent prices appear to be relatively affordable for local residents.

The price for a Lima one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Lima and surrounding area rent prices, take a look at the complete data set below.

Data set for Lima and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.