Cheap Apartments for Rent in Peru, IL from $400 (23 Rentals)

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

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Rock Falls Apartments
Studio Apartments

Rock Falls Apartments

1608 E Rock Falls RdRock Falls, IL 61071
  • Utilities Included

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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Peru, IL Local Guide

Cheapest Available Peru Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peru, IL is a Studio unit found at Northland Park Apartments priced from $625. Willis Senior Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $654. Here is today’s list of the most affordable Peru apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
Willis Senior Lofts2 Bedroom - Subsidized2BR,1BA$654
Dixon River Apartments1BD/1BA1BR,1BA$675
Winkler Village Apartments1BD 1BTH1BR,1BA$725
The Terraces at DekalbRussell Road StudioStudio,1BA$725

Best Value Apartments for Rent in Peru, IL and Nearby

As of August 04, 2025 the best value apartment in the Peru area is the $1.52 price per square foot The Frances Model at Prairie Lakes Apartments in the in the Oakbrook neighborhood starting from $1,807. The second greatest value Peru apartment is the 3 TH Model at Colonial Apartments starting at $1,250 with a $1.14 price per square foot in the Devonaire Farms 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.
Prairie Lakes ApartmentsThe Frances2BR,2BA$1.52
Colonial Apartments3 TH3BR,1.5BA$1.14
504 S Sweetbriar DrModel2BR,1BA$1.11
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$0.94
Brighton Woods1Bed1Bath1BR,1BA$1.06
Fox Hill Senior Living1x1-H1BR,1BA$1.37
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06
Dixon River Apartments1BD/1BA1BR,1BA$1.03
Willis Senior Lofts1 Bedroom1BR,1BA$1.26
Northland Park ApartmentsStudioStudio ,1BA$1.51

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

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Getting Around Peru, IL

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Northland Park Apartments listed at $625.

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

The lowest price for a Cheap One Bedroom Peru Apartment is $675 at Dixon River 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 $654 at Willis Senior Lofts.

What is the most affordable Peru Three Bedroom Apartment?

The best deal on a cheap Peru Three Bedroom Apartment rental is at Dixon River Apartments and starts from $910.

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.