If you are willing to take some time to explain the model and do some simulation, I really like to show students a logistic growth model (in discrete time). The basic setup is something like the following:
Assume that there is a population of rabbits living in some area. We are going to make a few assumptions about this population:
- the rabbits breed once every month (say, at the end of the month);
- the number of baby rabbits born at the beginning of each month is proportional to the total number of rabbits (essentially, we can assume that every rabbit has some number of babies during the month); and
- there are limited resources in this area, which means that if there are too many rabbits, rabbits will starve at a faster rate, and fewer rabbits will survive to the beginning of the next month in order to breed.
After some work, we can get a discrete time model, which looks something like the following:
$$ P(t_{n+1}) = P(t_n)\left( 1 + r\left( 1- \frac{P(t_n)}{K}\right) \right),$$
where $P(t_n)$ is the rabbit population at the $n$-th timestep (i.e. at the beginning of month $n$), $r$ is some measure of intrinsic growth (essentially, how many baby rabbits every rabbit would have if the environment did not constrain the growth of the rabbit population), and $K$ is the carrying capacity of the environment (i.e. the maximum sustainable population size).
This model can be simulated pretty quickly with a spreadsheet. I typically don't introduce this example until the second semester of calculus, when we talk (briefly) about differential equations. But I do think that this would be doable in a first lecture on limits, and I think it pings some intuition (sequential limits are more intuitive than continuous limits, I think).
As an added bonus, you can tweak the parameters to see different kinds of behaviour in one model. For example, take $K=1000$ (I'll keep that constant), start with $10$ rabbits, and suppose that the intrinsic growth rate is $r=0.1$. Then the population increases monotonically to the carrying capacity:

On the other hand, if $r = 1.96$, we can start with an initial population of $900$ or so, and the population will ping-pong back and forth across the carrying capacity, but eventually die down to a limit:

In both of these cases, we can see a sequence which has a limit, but the limit is approached differently. Once sequence is monotonic, while the other oscillates, but damps down. Make $r$ a bit bigger (say, $r=2.2$), and you get something really interesting:

In this case, the sequence does not have a limit, but it does oscillate between two different values (more or less). So the limit does not exist, but it fails to exist in an interesting way. And then you can see something really crazy by increasing the intrinsic growth rate to something like $r = 2.8$:

In this case, the behaviour of the system is chaotic. Again, the limit fails to exist, but we get to see something interesting happen.
And, if you really want, you can also just give them the function which models continuous logistic growth:
$$ P(t) = \frac{K P(0)}{P(0) + (K-P(0))\mathrm{e}^{-rt}}. $$
This is a limit which can be computed by hand, but one can also graph the behaviour of the function and see how it behaves, e.g. using GeoGebra.