
Cheap Apartments for Rent in Peru, IN from $300 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in Peru.


Historic Gallatin Square

BECKFORD PLACE APARTMENTS

Turtle Creek Kokomo

Somerset Apartments

SOMERSET VILLAGE APARTMENTS

Turtle Creek Apartments

Walnut Manor Apartments

Bradford Run Apartments

Pine Manor Apartments

First Flats

The Macy Apartments

Kingston Green Apartments

CLEAR CREEK APARTMENTS

Fox Acres Apartments

Sycamore St

Carter West Apartments & Townhouses

Granton Place Apartments

516 W Market St

1120 N Washington St

701 E Walnut St

494 N Wabash St

505 N Buckeye St
Peru, IN Local Guide

How much does it cost to rent an apartment in Peru?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peru Studio Apartments | $784 | $500 | $1,200 |
Peru 1 Bedroom Apartments | $860 | $357 | $1,674 |
Peru 2 Bedroom Apartments | $1,059 | $655 | $2,076 |
Peru 3 Bedroom Apartments | $1,091 | $825 | $1,560 |
Peru 4 Bedroom Apartments | $1,211 | $560 | $2,200 |
Browse Top Apartments in Peru
See all Apartments in PeruExplore Peru
Peru, IN Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Peru Apartments for Rent and Nearby
 The cheapest available apartment rental in Peru, IN is a 2 Beds unit found at Historic Gallatin Square priced from $357. Brentwood Greene has the second lowest priced unit, which is a 2 Beds apartment currently listed from $630. Here is today’s list of the most affordable Peru apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Gallatin Square | Two Bedroom | 2BR,1BA | $357 |
Brentwood Greene | 2 Bedroom Unit | 2BR,1BA | $630 |
Somerset Apartments | One Bedroom | 1BR,1BA | $675 |
SOMERSET VILLAGE APARTMENTS | 1BR/1.0BA | 1BR,1BA | $690 |
2930 Albright | 1 Bed | 1BR,1BA | $695 |
Turtle Creek Apartments | Studio | Studio,1BA | $695 |
Pechewa Place | Upstairs 1 Bedroom | 1BR,1BA | $699 |
Walnut Manor Apartments | Quiet and Comfortable Studio Apartment | Studio,1BA | $699 |
Lincolnwood Apartments | 1BR/1BA | 1BR,1BA | $700 |
306 Riverfront | S1-1 | Studio,1BA | $745 |
Best Value Apartments for Rent in Peru, IN and Nearby
As of March 13, 2025 the best value apartment in the Peru area is the $0.83 price per square foot 2 Bedroom Unit w/Den Model at Brentwood Greene in the starting from $995. The second greatest value Peru apartment is the 2BR/1.0BA Model at Granton Place Apartments starting at $850 with a $0.73 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. |
---|---|---|---|
Brentwood Greene | 2 Bedroom Unit w/Den | 2BR,1BA | $0.83 |
Granton Place Apartments | 2BR/1.0BA | 2BR,1BA | $0.73 |
MAPLE CREST | 2x1AUp | 2BR,1BA | $1.08 |
JEFFERSON CROSSING | 2 Bedroom 1 Bathroom - Townhome | 2BR,1BA | $1.07 |
Georgetown Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.02 |
Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.01 |
Somerset Apartments | One Bedroom | 1BR,1BA | $0.93 |
The Annex of Kokomo | 2 Bed 2 Bath | 2BR,2BA | $0.92 |
SOMERSET VILLAGE APARTMENTS | 1BR/1.0BA | 1BR,1BA | $1.13 |
Historic Gallatin Square | One Bedroom | 1BR,1BA | $0.71 |
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Best Local Schools in Peru, IN
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Getting Around Peru, IN
Walk Score®
20 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
36 / 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 Turtle Creek Apartments listed at $695.
How much is rent for a Cheap One Bedroom Peru Apartment?
The lowest price for a Cheap One Bedroom Peru Apartment is $357 at Historic Gallatin Square.
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 $357 at Historic Gallatin Square.
What is the most affordable Peru Three Bedroom Apartment?
The best deal on a cheap Peru Three Bedroom Apartment rental is at Georgetown Apartments and starts from $975.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.