Where is Lima, Peru Located? Lima is a city/town with a very large population in the country of Peru which is located in the continent/region of South America.Cities, towns and places near Lima include Rimac, Rímac, Coronel Coronel hacienda And. monserrateima is a city/town with a very large population in the country of Peru which is located in the continent/region of South America. Cities, towns and places near Lima include Rimac, Rímac, Coronel Coronel hacienda And. monserrate