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Apartments in Peru

1 - 12 of 12 Results
16
3D Tour
$727 - 863
HI Peru Acquisitions LLC
Deal
2920 S Hilltop Drive Peru, IN
1 - 3 BR | Available Now
Contact
9
$845 - 995
548 Sycamore Trl
Peru, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
0
$799
Remodeled 1 Bedroom Apartment
700 Bobtail Ct Peru, IN
1 BR | Ask for Availability
Contact
5
$625
Clean, Spacious, 1 & 2 Bedroom Apartments
2051 W Matador St Peru, IN
2 BR | Ask for Availability
Contact
1
$699
Downstairs 1 Bedroom Apartment
876 Bobtail Ct Peru, IN
1 BR | Aug. 14, 2025
Contact
Dog Friendly
Cat Friendly
1
$699 - 799
Pechewa Place
700 Bobtail Ct Peru, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
4
$925
251 E 5th St Unit 251
Peru, IN
1 BR | Available Now
Contact
1
$799
Remodeled 1 Bedroom Apartment
846 Bobtail Ct Peru, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$750 - 850
1850 S BUSINESS 31
Peru, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
2
$749 - 899
700 Bobtail Ct
Peru, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
8
$505
154 E 2Nd St
Peru, IN
1 BR | Ask for Availability
Contact
$929
283 W Main St
Peru, IN
3 BR | Available Now
Contact
1 - 12 of 12 Results
  1. Home
  2. Kokomo, IN Area Apartments
  3. Peru

How much does it cost to rent an apartment in Peru?

Peru Apartments
Bed Type Average Rent Range
1BR $750 $570 - $900
2BR $850 $650 - $980
3BR $830 $730 - $930
Frequently Asked Questions

How many apartments are available in Peru, IN on Rentable.co?

Rentable.co has over 235 apartments available in Peru.

What is the average rent for a one-bedroom apartment in Peru, IN?

The average rent for a one-bedroom apartment in Peru is around $750 per month.

What is the average rent for a two-bedroom apartment in Peru, IN?

The average rent for a two-bedroom apartment in Peru is around $850 per month.

How expensive is it to rent an apartment in Peru, IN?

For a two-bedroom apartment in Peru, the average rent price is $850 per month, which is lower than the national average of $1,650 per month.

Can I afford an apartment for rent in Peru, IN?

Based on average rent prices in Peru, to afford a one-bedroom apartment you would need an annual household income of $30,000 to live comfortably.

Search Cities Near Peru, IN

Wabash, IN
Logansport, IN
Kokomo, IN
Marion, IN

Peru:
July Rent Report

Welcome to the July 2025 Peru Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2025 key findings and figures for the Peru rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Peru and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Peru average rent prices in the chart below.

Monthly Rent Report

$1,000
$750
$500
$250
$0
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
1 BR       2 BR

Peru Rent Prices Increase From June to July

Peru rent prices increased over the last month. From June to July, the city experienced a 6.69% increase for the price of a one-bedroom apartment. The rent price for a Peru one-bedroom apartments currently stands at $845.0.

When we take a look at the two-bedroom comparison from June to July, Peru experienced a 2.78% increase for the price of a two-bedroom apartment. The rent price for a Peru two-bedroom apartments currently stands at $925.0.

July Prices: Peru vs. Surrounding Areas

Rent Prices in Peru and Surrounding Areas

Rent prices have increased in Peru over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Peru suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Peru suburbs

  • Rents did not decrease in any of the Peru suburbs.

July 2025 Pricing Trends: Peru vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Pittsburgh, PA
Minneapolis, MN
$4,074
$3,214
$2,367
$2,295
$1,876
$1,370
$1,312
$1,250
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Peru Rent Prices More Affordable Than Major Cities

Rent growth in Peru over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Peru average rent prices appear to be relatively affordable for local residents.

The price for a Peru one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Peru and surrounding area rent prices, take a look at the complete data set below.

Data set for Peru and suburbs

1 BR July 1 BR M/M % Change 2 BR July 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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