
Cheap Homes for Rent in Peru, IL from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Peru.


611 W Matthews St

2-3 3 Michael St

921 1st St

108 S 3rd Ave
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.

205 Sandra Ave

246 Broadway St

414 E Canal St

600 E McKinley Rd
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1449 Catherine St
Peru, IL Local Guide

How much does it cost to rent a home in Peru?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peru 2 Bedroom Homes for Rent | $1,443 | $650 | $2,950 |
Peru 3 Bedroom Homes for Rent | $1,932 | $1,195 | $2,600 |
Peru 4 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
Browse Top Homes for Rent in Peru
Explore Peru
Peru, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Winkler Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Peru apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Northland Park Apartments | Studio | Studio,1BA | $625 |
Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $725 |
The Terraces at Dekalb | Russell Road Studio | Studio,1BA | $725 |
Best Value Apartments for Rent in Peru, IL and Nearby
As of June 02, 2025 the best value apartment in the Peru area is the $0.92 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Devonaire Farms neighborhood starting from $2,030. The second greatest value Peru apartment is the Three Bedroom Style w/ Loft Model at Prairie Vista Apartments starting at $1,600 with a $1.25 price per square foot in the Oakbrook neighborhood. Here is today’s list of the best values for Peru apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Mason Townhouse Suites | 4 TH | 4BR,3BA | $0.92 |
Prairie Vista Apartments | Three Bedroom Style w/ Loft | 2BR,2.5BA | $1.25 |
Eco Park | 3 | 3BR,2BA | $1.28 |
504 S Sweetbriar Dr | Model | 2BR,1BA | $1.11 |
Phoenix Apartments of Pontiac | One Bedroom Deluxe | 1BR,1BA | $0.94 |
Ashbury Court | 2B | 2BR,1BA | $1.18 |
Brighton Woods | 1Bed1Bath | 1BR,1BA | $1.06 |
Winkler Village Apartments | 1BD 1BTH | 1BR,1BA | $1.06 |
Willis Senior Lofts | 1 Bedroom | 1BR,1BA | $1.26 |
1212 Buffalo St, Unit 3 | 1212 Buffalo St | 1BR,1BA | $1.00 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Frequently Asked Questions about Peru
What type of rentals are currently available in Peru?
There are currently 63 Apartments for Rent in Peru, IL with pricing that ranges from $575 to $2,985. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peru ranging from $650 to $2,950.
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 $650 to $2,950 with an average monthly rent of $1,461.
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 $753 to $2,985, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $1,495.
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.

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.

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.

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.

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.