
Cheap Apartments for Rent in Peru, IN from $300 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Peru.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Historic Gallatin Square Senior Apartments

BECKFORD PLACE APARTMENTS

MAPLE CREST

Turtle Creek Kokomo

Walnut Manor Apartments

SOMERSET VILLAGE APARTMENTS

2930 Albright

Turtle Creek Apartments

Somerset Apartments
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.

The Macy Apartments

Kingston Green Apartments

First Flats

Fox Acres Apartments

Bradford Run Apartments
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.

619 W Monroe St

516 W Market St

508 W Lordeman St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1214 W Havens St
Peru, IN Local Guide

How much does it cost to rent an apartment in Peru?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Peru Studio Apartments | $694 | $525 | $1,100 |
Cheap Peru 1 Bedroom Apartments | $831 | $357 | $1,200 |
Cheap Peru 2 Bedroom Apartments | $1,024 | $599 | $1,600 |
Cheap Peru 3 Bedroom Apartments | $1,131 | $825 | $1,769 |
Cheap Peru 4 Bedroom Apartments | $1,062 | $560 | $2,200 |
Browse Top Apartments in Peru
See all Apartments in PeruExplore Peru
Peru, IN Local Guide
- Nearby Cities
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Cheapest Available Peru Apartments for Rent
 The cheapest available apartment rental in Peru, IN is a 1 Bed unit found at Historic Gallatin Square Senior Apartments priced from $357. BECKFORD PLACE APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Peru apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Gallatin Square Senior Apartments | One Bedroom | 1BR,1BA | $357 |
BECKFORD PLACE APARTMENTS | Studio | Studio,1BA | $525 |
Turtle Creek Kokomo | Spring | Studio,1BA | $650 |
Walnut Manor Apartments | $350 OFF MOVE IN COSTS! INQUIRE TODAY! Quiet an... | Studio,1BA | $650 |
SOMERSET VILLAGE APARTMENTS | 1 bed small | 1BR,1BA | $690 |
2930 Albright | 1 Bed | 1BR,1BA | $695 |
Turtle Creek Apartments | Studio | Studio,1BA | $695 |
Lincolnwood Apartments | 1BR/1BA | 1BR,1BA | $700 |
First Flats | 1bed/1bath Renovated | 1BR,1BA | $750 |
The Macy Apartments | Studio Unfurnished/Furnished | Studio,1BA | $750 |
Best Value Apartments for Rent in Peru, IN
As of June 22, 2025 the best value apartment in the Peru area is the $0.61 price per square foot 276 E 6th St Model at 276 E 6th St, Unit Upper in the starting from $850. The second greatest value Peru apartment is the Two Bedroom Model at Somerset Apartments starting at $840 with a $0.68 price per square foot . 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. |
---|---|---|---|
276 E 6th St, Unit Upper | 276 E 6th St | 2BR,1BA | $0.61 |
Somerset Apartments | Two Bedroom | 2BR,1.5BA | $0.68 |
Historic Gallatin Square Senior Apartments | Two Bedroom | 2BR,1BA | $1.00 |
JEFFERSON CROSSING | 2 Bedroom 1 Bathroom - Townhome | 2BR,1BA | $1.07 |
Georgetown Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.02 |
Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.01 |
The Annex of Kokomo | 2 Bed 2 Bath | 2BR,2BA | $0.84 |
MILLSTONE APARTMENTS | 1 bedroom | 1BR,1BA | $1.12 |
SOMERSET VILLAGE APARTMENTS | 1 bed small | 1BR,1BA | $1.13 |
2930 Albright | 1 Bed | 1BR,1BA | $1.16 |
Quick Rent Budget Calculator
How much rent can you afford?
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Best Local Schools in Peru, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Peru, IN
Walk Score®
20 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
36 / 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 BECKFORD PLACE APARTMENTS listed at $525.
How much is rent for a Cheap One Bedroom Peru Apartment?
The lowest price for a Cheap One Bedroom Peru Apartment is $357 at Historic Gallatin Square Senior 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 $790 at Lincolnwood Apartments.
What is the most affordable Peru Three Bedroom Apartment?
The best deal on a cheap Peru Three Bedroom Apartment rental is at JEFFERSON CROSSING and starts from $1,045.
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.

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.

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.