
Cheap Homes for Rent in Peru, NY from $900 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Peru.


23 Elm St

27 Converse Ct

377 Charlotte Rd

6 Ianelli Ave

19 Grant 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.

279 St Paul St

205 N Willard St

29 Messenger St

465-467-467 Colchester Ave

32 West St

8 S Union 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.

56 Wright Ave
Peru, NY 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 | $2,139 | $1,300 | $3,600 |
| Peru 3 Bedroom Homes for Rent | $3,237 | $2,285 | $5,000 |
| Peru 4 Bedroom Homes for Rent | $3,850 | $3,750 | $4,000 |
| Peru 5 Bedroom Homes for Rent | $3,550 | $3,550 | $3,550 |
Browse Top Homes for Rent in Peru
Explore 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 Studio unit found at 44 Leonard Ave priced from $1,195. ONE Lakeview in the Centennial neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,413. Here is today’s list of the most affordable Peru apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 44 Leonard Ave | Studio | Studio,1BA | $1,195 |
| ONE Lakeview | ONE Lakeview | Studio City View | Studio,1BA | $1,413 |
| THE TRAILS AT MALONE | Three Bedroom Two Bath | 3BR,2BA | $1,428 |
| 30 City Hall Pl | One Bedroom | 1BR,1BA | $1,475 |
| Quarry Hill Club & Condominiums | Building 430 Studios | Studio,1BA | $1,495 |
Best Value Apartments for Rent in Peru, NY and Nearby
As of June 24, 2026 the best value apartment in the Peru area is the $1.88 price per square foot SFH Model at 10 Walnut St in the in the Old North End neighborhood starting from $3,750. The second greatest value Peru apartment is the 5 Bedroom 2 Bath Model at 56 Drew St starting at $3,200 with a $1.94 price per square foot in the Old North End neighborhood. 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. |
|---|---|---|---|
| 10 Walnut St | SFH | 5BR,4BA | $1.88 |
| 56 Drew St | 5 Bedroom 2 Bath | 5BR,2BA | $1.94 |
| 14 Davey Dr | 14 Davey Dr | 2BR,2BA | $1.27 |
| Riverside In the Village | 14 Franklin St | 2BR,1.5BA | $1.87 |
| THE TRAILS AT MALONE | Three Bedroom Two Bath | 3BR,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 |
| 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 |
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 Peru
What type of rentals are currently available in Peru?
There are currently 69 Apartments for Rent in Peru, NY with pricing that ranges from $850 to $4,900. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peru ranging from $900 to $5,000.
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 $900 to $5,000 with an average monthly rent of $2,680.
How much are larger Three and Four Bedroom Rentals in Peru?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peru range from $1,160 to $2,640, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,285 to $5,000. Four Bedroom Single-Family rentals are also available starting from $3,750 and Four Bedroom Apartments start at $975.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.