
Cheap Homes for Rent near Peru, ME from $600 (28 Rentals)
Search the lowest-cost Homes available for rent right now in Peru.


256 Main St

119 Horton St

60 Spring St

38 Crash Rd

37 Main St

1635 Lewiston Rd
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

18 Horton St

12 College St

1860 Hallowell Rd

1 Progress Way

322 Waldo St

21 Humming Bird Ln

5 Madison St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

62 Howard St

205 Cumberland St

6 Clachan Pl

14 College St

79 Birch St

23 Roxbury Rd

32 Iron Mine Hill MHP
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

33 Howard St

36 Prospect St

7 Progress Wy

156 Cottage St

37 Northern Avenue Heights

39 Northern Avenue Heights

58 River St
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.
Peru, ME Local Guide

How much does it cost to rent a home in Peru?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peru 2 Bedroom Homes for Rent | $1,749 | $1,275 | $2,500 |
| Peru 3 Bedroom Homes for Rent | $2,247 | $1,400 | $5,900 |
| Peru 4 Bedroom Homes for Rent | $1,587 | $1,500 | $1,700 |
Browse Top Homes for Rent in Peru
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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. Appleton Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. 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 |
| Appleton Apartments | Studio | Studio,1BA | $1,050 |
| 23 Clinton Ave | 1 Bedroom | 1BR,1BA | $1,250 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1,250 |
| Lombard Estate | 1 Bedroom | 1BR,1BA | $1,300 |
| Orchard Park Apartments | 1 Bedroom | 1BR,1BA | $1,350 |
| Mount Auburn Apartments | One Bedroom-AA | 1BR,1BA | $1,428 |
| Atlantic Townhouse Apartments | 2 Bedroom | 2BR,1BA | $1,700 |
| Stable Ridge Apartments | 1 Bedroom | 1BR,1BA | $1,750 |
| Residences at Park Drive | 0 Beds, 1 Baths | Studio,1BA | $1,800 |
Best Value Apartments for Rent in Peru, ME and Nearby
As of August 25, 2026 the best value apartment in the Peru area is the $1.96 price per square foot Flats 2 Bedrooms Model at The Flats @ 554 in the starting from $2,350. The second greatest value Peru apartment is the 2 Bedroom 1.5 Bathroom Townhouse Model at Yarmouth Green Apartment Homes starting at $2,380 with a $1.98 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. |
|---|---|---|---|
| The Flats @ 554 | Flats 2 Bedrooms | 2BR,1BA | $1.96 |
| Yarmouth Green Apartment Homes | 2 Bedroom 1.5 Bathroom Townhouse | 2BR,1.5BA | $1.98 |
| Stable Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.91 |
| Lombard Estate | 3 Bedroom | 3BR,2BA | $1.75 |
| Yarmouth Pointe Apartment Homes | Tri-level | 1BR,1BA | $2.31 |
| Atlantic Townhouse Apartments | 2 Bedroom | 2BR,1BA | $2.24 |
| Orchard Park Apartments | 1 Bedroom | 1BR,1BA | $1.93 |
| Mount Auburn Apartments | One Bedroom-AAN | 1BR,1BA | $2.08 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1.92 |
| 23 Clinton Ave | 1 Bedroom | 1BR,1BA | $1.92 |
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 Peru
What type of rentals are currently available in Peru?
There are currently 73 Apartments for Rent in Peru, ME with pricing that ranges from $850 to $4,730. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peru ranging from $600 to $5,900.
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 $600 to $5,900 with an average monthly rent of $1,721.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.