
Cheap Apartments for Rent in Peru, IA from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Peru.


Foxwood Apartments

Sunset Apartments

East Park Apartments

Indianola Park II Apartments

Next Level Apartments - Deer Run

West Glen Town Center Apartments

Bella Terra

Fountain Terrace

Fish Creek

Vesta Village by Kading

Somerfield Village Center Apartments

The Allure at 57

Prairie Grass at Jordan Creek

Lift at Jordan Creek

1112 Frazier Ave
Peru, IA Local Guide

How much does it cost to rent an apartment in Peru?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peru Studio Apartments | $968 | $530 | $1,655 |
Peru 1 Bedroom Apartments | $1,191 | $500 | $1,971 |
Peru 2 Bedroom Apartments | $1,427 | $638 | $2,986 |
Peru 3 Bedroom Apartments | $1,844 | $1,150 | $3,856 |
Peru 4 Bedroom Apartments | $2,550 | $2,500 | $2,600 |
Browse Top Apartments in Peru
See all Apartments in PeruExplore Peru
Peru, IA Local Guide
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Cheapest Available Peru Apartments for Rent and Nearby
 The cheapest available apartment rental in Peru, IA is a 2 Beds unit found at Foxwood Apartments in the Easton Park neighborhood priced from $638. East Park Apartments in the Easton Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Peru apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Foxwood Apartments | B2 | 2BR,1BA | $638 |
East Park Apartments | 1/2 Story Down | 2BR,1BA | $750 |
Indianola Park Apartments | 1BR Ground | 1BR,1BA | $755 |
Next Level Apartments - Deer Run | B1 | 2BR,1BA | $825 |
Bella Terra | Studio | Studio,1BA | $825 |
Best Value Apartments for Rent in Peru, IA and Nearby
As of April 10, 2025 the best value apartment in the Peru area is the $1.04 price per square foot Platinum Pointe - 3 Bed Model at Platinum Pointe in the starting from $2,500. The second greatest value Peru apartment is the 3 Bed 2.5 Bath Townhome Model at Providence Lane Townhomes starting at $1,640 with a $1.14 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. |
---|---|---|---|
Platinum Pointe | Platinum Pointe - 3 Bed | 3BR,3BA | $1.04 |
Providence Lane Townhomes | 3 Bed 2.5 Bath Townhome | 3BR,2.5BA | $1.14 |
Somerfield Village Center Apartments | 1 Bedroom w/Den | 1BR,1BA | $1.03 |
Cascades at Jordan Creek | The Sonoma With Detached Garage | 2BR,2BA | $1.21 |
Lincoln Ridge by Kading | Sign a 13 Month Lease, Get the 13th Month Free! | 3BR,1BA | $1.14 |
Lift at Jordan Creek | Amplify | 1BR,1BA | $1.22 |
Next Level Apartments - Deer Run | B1 | 2BR,1BA | $1.03 |
Norwalk Village Estates | 2BR/1.0BA | 2BR,1BA | $1.20 |
Bella Terra | Studio | Studio ,1BA | $1.11 |
Foxwood Apartments | A2 | 1BR,1BA | $1.10 |
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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 Bella Terra listed at $825.
How much is rent for a Cheap One Bedroom Peru Apartment?
The lowest price for a Cheap One Bedroom Peru Apartment is $689 at Foxwood 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 $638 at Foxwood Apartments.
What is the most affordable Peru Three Bedroom Apartment?
The best deal on a cheap Peru Three Bedroom Apartment rental is at Lincoln Ridge by Kading and starts from $1,150.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.