In a medium saucepan, combine the rinsed rice, water, and salt. Bring to a boil over high heat.

Once boiling, reduce the heat to low, cover, and simmer for 18-20 minutes until the rice is tender and water is absorbed.

Remove from heat and let it sit, covered, for 5 minutes.

Fluff the rice with a fork and stir in the lime juice, olive oil, and chopped cilantro.

Serve warm as a side dish.