
Cheap Apartments for Rent in Peru, ME from $800 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Peru.


Total Monthly Price
Edgewater Village

Hathaway Creative Center

Appleton Apartments

Princeton Pines

Summerhaven Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Lombard Estate

Orchard Park Apartments

Princeton on Back Cove

95-99 Maine Ave

347 Ridge Road

13 Center St
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.

6-8 Union St

36 Monroe St

25 Maine Ave

Riverview - Maine

23 Clinton Ave

The Bellamy
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.

102 Knox St

36 Prospect St

109 Birch St

117 Pierce St

1 Jefferson St

1 Progress Way
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.

20 Academy St
Peru, ME Local Guide

How much does it cost to rent an apartment in Peru?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peru Studio Apartments | $2,129 | $1,000 | $3,685 |
| Peru 1 Bedroom Apartments | $2,168 | $850 | $3,575 |
| Peru 2 Bedroom Apartments | $2,341 | $1,025 | $3,500 |
| Peru 3 Bedroom Apartments | $2,473 | $1,750 | $3,400 |
| Peru 4 Bedroom Apartments | $3,167 | $2,836 | $3,499 |
Browse Top Apartments in Peru
See all Apartments in PeruExplore Peru
Peru, ME Local Guide
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Cheapest Available Peru Apartments for Rent and Nearby
 The cheapest available apartment rental in Peru, ME is a 1 Bed unit found at Mountain View Apartments priced from $850. Edgewater Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $851. Here is today’s list of the most affordable Peru apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mountain View Apartments | 1x1 | 1BR,1BA | $850 |
| Edgewater Village | 1x1 | 1BR,1BA | $851 |
| Appleton Apartments | Studio | Studio,1BA | $1,050 |
| Summerhaven Apartments | 1 Bedroom | 1BR,1BA | $1,225 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Peru, ME and Nearby
As of May 17, 2026 the best value apartment in the Peru area is the $2.00 price per square foot 2 Bedroom - Upgraded Model at Atlantic Townhouse Apartments in the starting from $2,200. The second greatest value Peru apartment is the 2 Bedroom Model at Stable Ridge Apartments starting at $1,975 with a $1.91 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. |
|---|---|---|---|
| Atlantic Townhouse Apartments | 2 Bedroom - Upgraded | 2BR,1BA | $2.00 |
| Stable Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.91 |
| Heritage Hillside Apartments | 9 Heritage Drive | 2BR,1BA | $1.97 |
| Rivers Edge | 2 Bedroom 1 Bath | 2BR,1BA | $1.55 |
| Lombard Estate | 3 Bedroom | 3BR,2BA | $1.75 |
| 7-9 Irene St | Two Bedroom One Bath | 2BR,1BA | $1.55 |
| The Spinning Mill | 1-Bedroom | 1BR,1BA | $2.00 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1.88 |
| 23 Clinton Ave | 1 Bedroom | 1BR,1BA | $1.92 |
| Summerhaven Apartments | 1 Bedroom | 1BR,1BA | $2.04 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Peru, ME Rentals by Map
See the most popular apartments and homes in Peru, ME
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 Appleton Apartments listed at $1,050.
How much is rent for a Cheap One Bedroom Peru Apartment?
The lowest price for a Cheap One Bedroom Peru Apartment is $850 at Mountain View 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 $1,025 at Mountain View Apartments.
What is the most affordable Peru Three Bedroom Apartment?
The best deal on a cheap Peru Three Bedroom Apartment rental is at Lombard Estate and starts from $1,750.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.