Cheap Homes for Rent in Peru, IA from $1,000 (9 Rentals)

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

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Peru, IA Local Guide

Cheapest Available Peru Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peru, IA is a 2 Beds unit found at Foxwood Apartments in the Easton Park neighborhood priced from $638. East Park Apartments in the Easton Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Peru apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Foxwood ApartmentsB22BR,1BA$638
East Park Apartments1/2 Story Down2BR,1BA$750
The Bridges2 Bedroom2BR,1BA$799

Best Value Apartments for Rent in Peru, IA and Nearby

As of June 08, 2025 the best value apartment in the Peru area is the $1.04 price per square foot Platinum Pointe - 3 Bed Model at Platinum Pointe in the starting from $2,500. The second greatest value Peru apartment is the 3 Bed 2.5 Bath Townhome Model at Providence Lane Townhomes starting at $1,640 with a $1.14 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.
Platinum PointePlatinum Pointe - 3 Bed3BR,3BA$1.04
Providence Lane Townhomes3 Bed 2.5 Bath Townhome3BR,2.5BA$1.14
Prairie Grass at Jordan CreekAster Vista2BR,2BA$1.08
Bella Terra2 Bedroom2BR,2BA$1.20
Lincoln Ridge by KadingSign a 13 Month Lease, Get the 13th Month Free!3BR,1BA$1.14
Cedarbrooke PlaceB12BR,2BA$1.09
Linden East ApartmentsTwo Bed2BR,1BA$1.00
Lift at Jordan CreekAmplify1BR,1BA$1.22
Foxwood ApartmentsB12BR,1BA$0.83
Next Level Apartments - Deer RunB12BR,1BA$1.03

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Frequently Asked Questions about Peru

What type of rentals are currently available in Peru?

There are currently 38 Apartments for Rent in Peru, IA with pricing that ranges from $545 to $3,821. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peru ranging from $1,095 to $2,795.

What is the current price range for Rental Homes in Peru?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Peru ranges from $1,095 to $2,795 with an average monthly rent of $1,777.

How much are larger Three and Four Bedroom Rentals in Peru?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Peru range from $1,150 to $3,821, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,375 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $2,500.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.