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

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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

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.

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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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900 North St
Studio to 1 Bedroom Apartments

900 North St

900 North StLogansport, IN 46947
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2930 Albright
1 to 2 Bedroom Apartments

2930 Albright

2930 Albright RdKokomo, IN 46902
Corporate Housing
  • Utilities Included
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Lincolnwood Apartments
1 to 4 Bedroom Apartments

Lincolnwood Apartments

2101 Mark LnKokomo, IN 46902
  • Utilities Included
  • Smoke Free

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.

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Holly Apartments
1 Bedroom Apartments

Holly Apartments

1826 S Goyer RdKokomo, IN 46902
Showing Results 1-30, Page 1 of 1

Peru, IN Local Guide

Cheapest Available Peru Apartments for Rent

 

The cheapest available apartment rental in Peru, IN is a 1 Bed unit found at Senior Living 55+ - Historic Gallatin Square priced from $379. Pechewa Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here is today’s list of the most affordable Peru apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Senior Living 55+ - Historic Gallatin SquareOne Bedroom1BR,1BA$379
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$599
The Annex of Kokomo3 bed 3 Bath3BR,3BA$628
Green Town ApartmentsOne Bd rm1BR,1BA$675
Welcome to Beckford PlaceApartment 1bd1BR,1BA$675
Turtle Creek KokomoSpringStudio,1BA$685
Walnut ManorSTUDIOStudio,1BA$725
MILLSTONE APARTMENTS1 bedroom1BR,1BA$750
The Macy ApartmentsStudio Unfurnished/FurnishedStudio,1BA$750
Kingston Green Apartments1 BEDROOM G1BR,1BA$760

Best Value Apartments for Rent in Peru, IN

As of December 13, 2025 the best value apartment in the Peru area is the $0.59 price per square foot Townhouse Model at Come home to Highland North Townhomes! in the starting from $1,150. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Come home to Highland North Townhomes!Townhouse2BR,1.5BA$0.59
Somerset ApartmentsTwo Bedroom2BR,1.5BA$0.68
Union at Washington3 Bed 2 Bath3BR,2BA$0.88
Senior Living 55+ - Historic Gallatin SquareTwo Bedroom2BR,1BA$1.06
JEFFERSON CROSSING2 Bedroom 1 Bathroom - Townhome2BR,1BA$1.07
MAPLE CREST2x1WD2BR,1BA$1.04
Georgetown Apartments2BR/1.5BA2BR,1.5BA$1.05
Come home to Granton Place today!1 bedroom1BR,1BA$0.98
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.84
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$1.00

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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!

Explore Peru, IN Rentals by Map

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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 Turtle Creek Kokomo listed at $685.

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

The lowest price for a Cheap One Bedroom Peru Apartment is $379 at Senior Living 55+ - Historic Gallatin Square.

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 $775 at Georgetown Apartments.

What is the most affordable Peru Three Bedroom Apartment?

The best deal on a cheap Peru Three Bedroom Apartment rental is at The Annex of Kokomo and starts from $628.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.