Cheap Apartments for Rent in Peru, IA from $500 (35 Rentals)

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Foxwood Apartments
Rent Specials
$700 - $1,110
Total Monthly Price

Total Monthly Price

Base Rent
$692 - $1,102
Required Monthly Fees
$8

Total Monthly Price
$700 - $1,110
Studio to 2 Bedroom Apartments Available Now

Foxwood Apartments

1001-1007 W 3rd AveIndianola, IA 50125
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  • 3D Tour
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Sunset Apartments
$750 - $825
Total Monthly Price

Total Monthly Price

Base Rent
$697 - $772
Required Monthly Fees
$53

Total Monthly Price
$750 - $825
Studio to 2 Bedroom Apartments Available Now

Sunset Apartments

1113 Main StNorwalk, IA 50211
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  • Utilities Included
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Fountain Terrace
Rent Specials
$795 - $1,595
Total Monthly Price

Total Monthly Price

Base Rent
$680 - $1,480
Required Monthly Fees
$115

Total Monthly Price
$795 - $1,595
Studio to 3 Bedroom Apartments Available Now

Fountain Terrace

655 S 88th StWest Des Moines, IA 50266
Furnished
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  • Utilities Included
  • 3D Tour

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Fish Creek
$825 - $1,175
Total Monthly Price

Total Monthly Price

Base Rent
$792 - $1,142
Required Monthly Fees
$33

Total Monthly Price
$825 - $1,175
1 to 3 Bedroom Apartments Available Now

Fish Creek

817-1619 E 17th StNorwalk, IA 50211
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Deer Run Apartments
Rent Specials
$832 - $1,117
Total Monthly Price

Total Monthly Price

Base Rent
$824 - $1,109
Required Monthly Fees
$8

Total Monthly Price
$832 - $1,117
2 Bedroom Apartments Available Now

Deer Run Apartments

901 S R StIndianola, IA 50125
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Linden West
$1,100 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,080 - $1,280
Required Monthly Fees
$20

Total Monthly Price
$1,100 - $1,300
2 Bedroom Apartments Available Now

Linden West

1203 W 2nd AveIndianola, IA 50125
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Bridges
1 to 2 Bedroom Apartments

The Bridges

1111 N 8th AveWinterset, IA 50273
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Williams Terrace
1 to 2 Bedroom Apartments

Williams Terrace

1603 N 9th StIndianola, IA 50125
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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 Next Level Apartments - Easton Village priced from $683. Foxwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Peru apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Next Level Apartments - Easton VillageA11BR,1BA$683
Foxwood ApartmentsA21BR,1BA$700
East Park ApartmentsOne Bedroom2BR,1BA$750
Sunset Apartments1bd, 1ba1BR,1BA$750
Fountain TerraceNeptuneStudio,1BA$795
Fish CreekB1 - Classic2BR,1BA$825
Deer Run ApartmentsB12BR,1BA$832
Linden East ApartmentsTwo Bed2BR,1BA$900
Williams Terrace1 Bedroom1BR,1BA$910
Lift at Jordan CreekAmplify1BR,1BA$965

Best Value Apartments for Rent in Peru, IA and Nearby

As of February 21, 2026 the best value apartment in the Peru area is the $1.00 price per square foot 3 Beds, 2 baths Model at Sunset Terrace in the starting from $1,220. The second greatest value Peru apartment is the 2 bed 2 bath w/out laundry Model at Linden West starting at $1,100 with a $1.05 price per square foot . 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.
Sunset Terrace3 Beds, 2 baths3BR,2BA$1.00
Linden West2 bed 2 bath w/out laundry2BR,2BA$1.05
High PointeVail2BR,2BA$1.11
Osceola HeightsVilla3BR,1BA$1.00
Lincoln Ridge by KadingVilla3BR,1BA$1.10
Cherry CreekGlenwood-Hutton3BR,1BA$0.99
Linden East ApartmentsTwo Bed2BR,1BA$1.00
Deer Run ApartmentsB12BR,1BA$1.04
Next Level Apartments - Easton VillageA11BR,1BA$1.05
Foxwood ApartmentsA11BR,1BA$1.12

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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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Frequently Asked Questions about Cheap Peru Apartments

What is the Cheapest Studio apartment in Peru?

Currently the most affordable Cheap Studio Apartment in Peru is at Sunset Apartments listed at $775.

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

The lowest price for a Cheap One Bedroom Peru Apartment is $683 at Next Level Apartments - Easton Village.

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 $712 at Next Level Apartments - Easton Village.

What is the most affordable Peru Three Bedroom Apartment?

The best deal on a cheap Peru Three Bedroom Apartment rental is at Cherry Creek and starts from $995.

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.