Cheap Apartments for Rent near Peru, IA from $500 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in Peru.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Bridges
1 to 2 Bedroom Apartments

The Bridges

1111 N 8th AveWinterset, IA 50273
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Peru, IA Local Guide

Cheapest Available Peru Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peru, IA is a 1 Bed unit found at Foxwood Apartments in the Easton Park neighborhood priced from $700. Sunset Apartments in the Prairie View neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Peru apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Foxwood ApartmentsA11BR,1BA$700
Sunset Apartments1 bedroom,Studio,1BA$725
Indianola Park II Apartments1BR Upper1BR,1BA$780
Country Club Estates2 Bedroom 1 Bathroom2BR,1BA$825
Fish CreekB1 - Classic2BR,1BA$825
Next Level Apartments - Easton VillageB12BR,1BA$833
Norwalk MeadowsB1 Classic2BR,1BA$875
Deer Run ApartmentsB12BR,1BA$890
Linden East ApartmentsTwo Bed2BR,1BA$900
Lift at Jordan CreekAmplify1BR,1BA$995

Best Value Apartments for Rent in Peru, IA and Nearby

As of July 09, 2026 the best value apartment in the Peru area is the $1.13 price per square foot Platinum Pointe - 4 Bed Model at Platinum Pointe Townhomes in the in the Dallas County neighborhood starting from $2,700. The second greatest value Peru apartment is the Montecristo Townhome Model at Callaway at Holland Pointe starting at $2,395 with a $1.10 price per square foot in the Prairie View neighborhood. Here is today’s list of the best values for Peru apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Platinum Pointe TownhomesPlatinum Pointe - 4 Bed4BR,3BA$1.13
Callaway at Holland PointeMontecristo Townhome3BR,3BA$1.10
Cascades at Jordan CreekThe Solano With Attached Garage3BR,2BA$1.11
Sunset Terrace3 bed 2 bath3BR,2BA$1.00
Linden West2 bed 2 bath, with Laundry2BR,2BA$1.19
Osceola Heights by KadingVilla3BR,1BA$1.00
Next Level Apartments - Easton VillageC13BR,1BA$0.91
Linden East ApartmentsTwo Bed2BR,1BA$1.00
Deer Run ApartmentsB12BR,1BA$1.12
Foxwood ApartmentsA11BR,1BA$1.12

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Peru Apartments

How much is rent for a Cheap One Bedroom Peru Apartment?

The lowest price for a Cheap One Bedroom Peru Apartment is $700 at Foxwood Apartments.

What is the lowest price for a Cheap Two Bedroom Peru Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Peru is starting from $775 at Sunset Apartments.

What is the most affordable Peru Three Bedroom Apartment?

The best deal on a cheap Peru Three Bedroom Apartment rental is at Next Level Apartments - Easton Village and starts from $908.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.