Cheap Homes for Rent in Peru, IL from $600 (10 Rentals)

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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.

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.

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. 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 ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Mason Townhouse Suites4 TH4BR,3BA$0.92
Prairie Vista ApartmentsThree Bedroom Style w/ Loft2BR,2.5BA$1.25
Eco Park33BR,2BA$1.28
504 S Sweetbriar DrModel2BR,1BA$1.11
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$0.94
Ashbury Court2B2BR,1BA$1.18
Brighton Woods1Bed1Bath1BR,1BA$1.06
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06
Willis Senior Lofts1 Bedroom1BR,1BA$1.26
1212 Buffalo St, Unit 31212 Buffalo St1BR,1BA$1.00

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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.

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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.