
Cheap Apartments for Rent in Peru, NY from $800 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in Peru.


Total Monthly Price
34 Davey Dr, Unit 2

Parc Terrace

Bartlett Brook

City Gardens

ONE Lakeview

30 City Hall Pl

Quarry Hill Club & Condominiums

Great Cedars

Olde Orchard Park 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.

11 Park Street Apartments

Winooski Block

328 College St

Riverside In the Village

5 Corners

111 E Allen St

Catamount Lane

Keen's Crossing

348 College St

Green Mountain Drive
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.

Millhouse West

Toad Lane

247Pearl

Maiden Lane

Pines Senior Living

THE WOOLEN MILL ASSOCIATES

Ethan Allen

Slate House

1185 Shelburne

Mansfield Apartments
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.

Sunset House

77 Residences

Village at Autumn Pond

Silversmith

Riverrun

119 Main St

THE TRAILS AT MALONE

260 College St

44 Elm St

47 Bouck 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.

Taylor Park Residences

377 Charlotte Rd

90 N Winooski Ave

19 Grant St

23 Charles St

100 N Champlain St

Eagle Crest Senior Housing

West Edge Garden Apartments

Hillview Off Campus Housing

City West
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 | $1,807 | $1,363 | $2,350 |
| Peru 1 Bedroom Apartments | $2,065 | $1,475 | $4,600 |
| Peru 2 Bedroom Apartments | $2,304 | $1,325 | $3,300 |
| Peru 3 Bedroom Apartments | $1,856 | $1,160 | $2,640 |
| Peru 4 Bedroom Apartments | $1,630 | $975 | $4,900 |
Browse Top Apartments in Peru
See all Apartments in PeruExplore Peru
Peru, NY Local Guide
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Cheapest Available Peru Apartments for Rent and Nearby
 The cheapest available apartment rental in Peru, NY is a 2 Beds unit found at THE TRAILS AT MALONE priced from $1,148. Parc Terrace in the Centennial neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,363. 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 | Two Bedroom One Bath | 2BR,1BA | $1,148 |
| Parc Terrace | Studio | Studio,1BA | $1,363 |
| 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 |
| 11 Park Street Apartments | Studio | Studio,1BA | $1,600 |
| 328 College St | 1 Bedroom | 1BR,1BA | $1,600 |
| 111 E Allen St | The Halo Studio Layout | Studio,1BA | $1,650 |
| 5 Corners | 1 bed 1 bath | 1BR,1BA | $1,650 |
Best Value Apartments for Rent in Peru, NY and Nearby
As of July 26, 2026 the best value apartment in the Peru area is the $1.94 price per square foot 5 Bedroom 2 Bath Model at 56 Drew St in the in the Centennial neighborhood starting from $3,200. The second greatest value Peru apartment is the 14 Davey Dr Model at 14 Davey Dr starting at $1,550 with a $1.19 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. |
|---|---|---|---|
| 56 Drew St | 5 Bedroom 2 Bath | 5BR,2BA | $1.94 |
| 14 Davey Dr | 14 Davey Dr | 2BR,2BA | $1.19 |
| Winooski Block | Winooski Block | 1 Bed (3-15 East Allen) | 1BR,1BA | $1.61 |
| 5 Corners | 2 Bed 2 Bath | 2BR,2BA | $2.13 |
| THE TRAILS AT MALONE | Two Bedroom One Bath | 2BR,1BA | $1.26 |
| Mansfield Apartments | One Bedroom One Bath | 1BR,1BA | $2.24 |
| Riverside In the Village | 1 Bedroom with washer and dryer | 1BR,1BA | $2.20 |
| Millhouse West | West 2 Bedroom | 2BR,1BA | $2.32 |
| 30 City Hall Pl | One Bedroom | 1BR,1BA | $2.11 |
| Spinner Place | 3x2 | 3BR,2BA | $2.32 |
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, 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 Parc Terrace listed at $1,363.
How much is rent for a Cheap One Bedroom Peru Apartment?
The lowest price for a Cheap One Bedroom Peru Apartment is $1,475 at 30 City Hall Pl.
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.
What is the most affordable Peru Three Bedroom Apartment?
The best deal on a cheap Peru Three Bedroom Apartment rental is at 30 City Hall Pl and starts from $1,775.
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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.