
Cheap Homes for Rent in Peru, IA from $1,200 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Peru.


415 NW Poplar Ave

1345 SE Florence Dr

1760 SE LA Grant Pkwy

1360 SE Florence Dr

209 W Jefferson St

8302 Westown Pkwy

7910 SW 10th St

8350 EP True Pkwy

1035 68th St

160 52nd St

2564 SE Morningdew Dr
Peru, IA 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 | $1,355 | $1,200 | $1,650 |
Peru 3 Bedroom Homes for Rent | $1,970 | $1,220 | $2,600 |
Peru 4 Bedroom Homes for Rent | $2,476 | $2,250 | $2,695 |
Browse Top Homes for Rent in Peru
Explore 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 16, 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 |
Linden West | 2 bed 2 bath, with Laundry | 2BR,2BA | $1.24 |
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 with Garage | Studio ,1BA | $1.21 |
East Park Apartments | NO STAIRS Two Bedroom | 2BR,1BA | $1.25 |
Foxwood Apartments | A2 | 1BR,1BA | $1.16 |
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Frequently Asked Questions about Peru
What type of rentals are currently available in Peru?
There are currently 38 Apartments for Rent in Peru, IA with pricing that ranges from $500 to $3,825. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peru ranging from $1,200 to $2,695.
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 $1,200 to $2,695 with an average monthly rent of $1,775.
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 $1,150 to $3,825, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,220 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $2,500.
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.

Know Your Rights - How Discrimination Laws Impact Landlords & Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.