
Cheap Apartments for Rent in Peru, NY from $850 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in Peru.


Total Monthly Price
34 Davey Dr, Unit 2

Keen's Crossing

111 E Allen St

187 Pearl St

30 City Hall Pl

Quarry Hill Club & Condominiums

Maiden Lane

Ethan Allen

South End Apartments
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.

Great Cedars

Olde Orchard Park Apartments

Riverside In the Village

11 Park Street Apartments

Toad Lane

Winooski Block

328 College St

5 Corners

Catamount Lane

348 College 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.

Bartlett Brook

Millhouse West

Parc Terrace

247Pearl

Sunset House

Pines Senior Living

THE WOOLEN MILL ASSOCIATES

Silversmith

Slate House

55 Loomis St
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.

Village at Autumn Pond

Mansfield Apartments

1185 Shelburne

119 Main St

THE TRAILS AT MALONE

260 College St

130 Court St

44 Elm St

19 Grant St

Taylor Park Residences
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.

City Gardens

4 Loomis St

133 Elmwood Ave

75 Loomis St

Eagle Crest Senior Housing

West Edge Garden Apartments

194 North St

15 Allen St

105 S Union St

Hillview Off Campus Housing
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.
Peru, NY Local Guide

How much does it cost to rent an apartment in Peru?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peru Studio Apartments | $1,774 | $1,450 | $2,225 |
| Peru 1 Bedroom Apartments | $2,036 | $1,475 | $2,895 |
| Peru 2 Bedroom Apartments | $2,325 | $1,325 | $3,750 |
| Peru 3 Bedroom Apartments | $2,866 | $1,775 | $3,300 |
| Peru 4 Bedroom Apartments | $2,760 | $1,000 | $4,900 |
Browse Top Apartments in Peru
See all Apartments in PeruExplore Peru
Peru, NY Local Guide
- Nearby Cities
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Cheapest Available Peru Apartments for Rent and Nearby
 The cheapest available apartment rental in Peru, NY is a 1 Bed unit found at THE TRAILS AT MALONE priced from $948. Keen's Crossing in the Centennial neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,397. Here is today’s list of the most affordable Peru apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| THE TRAILS AT MALONE | One Bedroom One Bath | 1BR,1BA | $948 |
| Keen's Crossing | Cedar | 2BR,2BA | $1,397 |
| 187 Pearl St | Studio One Bathroom | 1BR,1BA | $1,450 |
| 30 City Hall Pl | One Bedroom | 1BR,1BA | $1,475 |
| Quarry Hill Club & Condominiums | Building 430 Studios | Studio,1BA | $1,495 |
| Winooski Block | Winooski Block | 1 Bed with den (33 East Alle | 1BR,1BA | $1,600 |
| Toad Lane | Toad Lane | 1 Bed Accessible | 1BR,1BA | $1,600 |
| 11 Park Street Apartments | Studio | Studio,1BA | $1,600 |
| 328 College St | 1 Bedroom | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in Peru, NY and Nearby
As of September 11, 2026 the best value apartment in the Peru area is the $1.16 price per square foot 34 Davey Dr Model at 34 Davey Dr, Unit unit 2 in the starting from $1,850. The second greatest value Peru apartment is the 14 Davey Dr Model at 14 Davey Dr, Unit Unit 3 starting at $1,550 with a $1.11 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. |
|---|---|---|---|
| 34 Davey Dr, Unit unit 2 | 34 Davey Dr | 3BR,2.5BA | $1.16 |
| 14 Davey Dr, Unit Unit 3 | 14 Davey Dr | 2BR,2BA | $1.11 |
| Riverside In the Village | 2 Bedroom 2 bath unit with w/d | 2BR,2BA | $1.70 |
| Village at Autumn Pond | 2BR/2.0BA | 2BR,2BA | $2.24 |
| Winooski Block | Winooski Block | 1 Bed (3-15 East Allen) | 1BR,1BA | $1.61 |
| 5 Corners | 2 Bed 2 Bath | 2BR,2BA | $2.13 |
| Mansfield Apartments | One Bedroom One Bath | 1BR,1BA | $2.24 |
| Millhouse West | West 2 Bedroom | 2BR,1BA | $2.32 |
| 30 City Hall Pl | One Bedroom | 1BR,1BA | $2.11 |
| THE TRAILS AT MALONE | One Bedroom One Bath | 1BR,1BA | $1.65 |
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 ArticleNavigating 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.
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, NY Rentals by Map
See the most popular apartments and homes in Peru, NY
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 187 Pearl St listed at $1,450.
How much is rent for a Cheap One Bedroom Peru Apartment?
The lowest price for a Cheap One Bedroom Peru Apartment is $948 at THE TRAILS AT MALONE.
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 $1,148 at THE TRAILS AT MALONE.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.