Cheap Apartments for Rent in Peru, IN from $300 (30 Rentals)

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Hilltop Ridge
1 to 3 Bedroom Apartments

Hilltop Ridge

2920 S Hilltop DrPeru, IN 46970
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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

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2930 Albright
1 to 2 Bedroom Apartments

2930 Albright

2930 Albright RdKokomo, IN 46902
  • Utilities Included
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Holly Apartments
1 Bedroom Apartments

Holly Apartments

1826 S Goyer RdKokomo, IN 46902

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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Indigo
1 Bedroom Apartments

Indigo

532 W Mulberry StKokomo, IN 46901
Showing Results 1-30, Page 1 of 1

Peru, IN Local Guide

Cheapest Available Peru Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peru, IN is a Studio unit found at 900 North St priced from $599. Georgetown Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Peru apartments for rent:

Apartment ListingModel NameBed/BathPriced From
900 North StStudioStudio,1BA$599
Georgetown Apartments1BR/1.0BA1BR,1BA$650
BECKFORD PLACE APARTMENTSApartment 1bd1BR,1BA$675
Turtle Creek KokomoSpringStudio,1BA$685
SOMERSET VILLAGE APARTMENTS1 bed small1BR,1BA$690
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$699
Lincolnwood Apartments1BR/1BA1BR,1BA$700
Somerset ApartmentsOne Bedroom1BR,1BA$709
MAPLE CRESTStudio1BR,1BA$735
The Macy ApartmentsStudio Unfurnished/FurnishedStudio,1BA$750

Best Value Apartments for Rent in Peru, IN and Nearby

As of September 10, 2025 the best value apartment in the Peru area is the $0.86 price per square foot 2 bedroom Flats Model at Granton Place Apartments in the starting from $850. The second greatest value Peru apartment is the 2 bedroom 2 bath Model at CLEAR CREEK APARTMENTS starting at $950 with a $1.06 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.
Granton Place Apartments2 bedroom Flats2BR,1BA$0.86
CLEAR CREEK APARTMENTS2 bedroom 2 bath2BR,2BA$1.06
JEFFERSON CROSSING2 Bedroom 1 Bathroom - Townhome2BR,1BA$1.07
Georgetown Apartments2BR/1.5BA2BR,1.5BA$1.14
Fox Acres Apartments1 Bed Room1BR,1BA$1.11
Somerset ApartmentsOne Bedroom1BR,1BA$0.98
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.85
900 North StStudioStudio ,1BA$0.86
MILLSTONE APARTMENTS1 bedroom1BR,1BA$1.12
SOMERSET VILLAGE APARTMENTS1 bed small1BR,1BA$1.13

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Best Local Schools in
Peru, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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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 900 North St listed at $599.

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

The lowest price for a Cheap One Bedroom Peru Apartment is $650 at Georgetown 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 Granton Place Apartments and starts from $1,025.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.