Cheap Homes for Rent in Peru, IA from $1,200 (12 Rentals)

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Peru, IA Local Guide

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 ListingModel NameBed/BathPriced From
Foxwood ApartmentsB22BR,1BA$638
East Park Apartments1/2 Story Down2BR,1BA$750
Indianola Park Apartments1BR Ground1BR,1BA$755
Next Level Apartments - Deer RunB12BR,1BA$825
Bella TerraStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Platinum PointePlatinum Pointe - 3 Bed3BR,3BA$1.04
Providence Lane Townhomes3 Bed 2.5 Bath Townhome3BR,2.5BA$1.14
Linden West2 bed 2 bath, with Laundry2BR,2BA$1.24
Lincoln Ridge by KadingSign a 13 Month Lease, Get the 13th Month Free!3BR,1BA$1.14
Lift at Jordan CreekAmplify1BR,1BA$1.22
Next Level Apartments - Deer RunB12BR,1BA$1.03
Norwalk Village Estates2BR/1.0BA2BR,1BA$1.20
Bella TerraStudio with GarageStudio ,1BA$1.21
East Park ApartmentsNO STAIRS Two Bedroom2BR,1BA$1.25
Foxwood ApartmentsA21BR,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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

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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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

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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.