Cheap Apartments for Rent in Peru, IL from $400 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in Peru.

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Rock Falls Apartments
Studio Apartments

Rock Falls Apartments

1608 E Rock Falls RdRock Falls, IL 61071
  • Utilities Included

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Peru, IL Local Guide

Cheapest Available Peru Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peru, IL is a Studio unit found at Northland Park Apartments priced from $625. MEADOWS OF LUKE RIDGE has the second lowest priced unit, which is a 2 Beds apartment currently listed from $670. Here is today’s list of the most affordable Peru apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
MEADOWS OF LUKE RIDGE2 BED 1 BATH2BR,1BA$670
Winkler Village Apartments1BD 1BTH1BR,1BA$725
The Terraces at DekalbRussell Road StudioStudio,1BA$725
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$795
Willis Senior Lofts1 Bedroom1BR,1BA$800
103 W Railroad St1 bedroom apt1BR,1BA$800
Brighton Woods2Bed1Bath2BR,1BA$850
Ashbury Court2B2BR,1BA$975
504 S Sweetbriar DrModel2BR,1BA$1,000

Best Value Apartments for Rent in Peru, IL and Nearby

As of May 15, 2025 the best value apartment in the Peru area is the $1.09 price per square foot 3 TH Model at Colonial Apartments in the in the Devonaire Farms neighborhood starting from $1,200. The second greatest value Peru apartment is the 3 Model at Eco Park starting at $1,250 with a $1.28 price per square foot in the Devonaire Farms neighborhood. 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.
Colonial Apartments3 TH3BR,1.5BA$1.09
Eco Park33BR,2BA$1.28
MEADOWS OF LUKE RIDGE2 BED 1 BATH2BR,1BA$0.71
504 S Sweetbriar DrModel2BR,1BA$1.11
Phoenix Apartments of PontiacOne Bedroom Deluxe1BR,1BA$0.94
Ashbury Court2B2BR,1BA$1.18
Brighton Woods1Bed1Bath1BR,1BA$1.06
Lincolnshire West1bu1BR,1BA$1.50
Winkler Village Apartments1BD 1BTH1BR,1BA$1.06
Willis Senior Lofts1 Bedroom1BR,1BA$1.26

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See the most popular apartments and homes in Peru, IL

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Getting Around Peru, IL

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Northland Park Apartments listed at $625.

How much is rent for a Cheap One Bedroom Peru Apartment?

The lowest price for a Cheap One Bedroom Peru Apartment is $725 at Winkler Village 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 $670 at MEADOWS OF LUKE RIDGE.

What is the most affordable Peru Three Bedroom Apartment?

The best deal on a cheap Peru Three Bedroom Apartment rental is at MEADOWS OF LUKE RIDGE and starts from $757.

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.

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