Cheap Apartments for Rent in Peru, IL

5 rentals

Apartments For Rent Near Peru, IL

We found 30 more apartments matching your filters just outside Peru

Average Rent Trends in Peru, IL

Rent in Peru, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Feb 2025.
MonthAverage rent
Nov 2025$1,200
Dec 2025$950
Jan 2026$1,100
Feb 2026$900
Mar 2026$1,300
Apr 2026$1,250
May 2026$960
Jun 2026$910
Jul 2026$910
Aug 2026$1,500
Sep 2026$950
Oct 2026$1,300
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$915$1,500—$1,300
Apartments and Condos—$850——$850
Houses—$1,300$1,500—$1,500
See more information about local market trends in Peru, IL

Frequently Asked Questions about Rentals in Peru, IL

  • What is the average rent of an apartment in Peru, IL?
    The average rent of an apartment in Peru, IL is $915 per month. This is about 53% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Peru, IL?
    Last year, the cheapest month to find an apartment to rent was May 2025 when it was $700 per month.
  • How many cheap apartments are available in Peru, IL?
    There are 4 apartments to rent that are cheaper than the city’s average rent of $1,300.
  • When is the average rent most expensive in Peru, IL?
    In the last year, the average rent in Peru, IL was highest in Feb 2025 when it was $1,750 per month.
  • What are some zip codes in Peru, IL?
    Peru, IL includes zip codes such as: 61354, 61320, 61363.
  • What are some cities near Peru, IL?
    Some nearby cities include: Dalzell, Cedar Point, Spring Valley, Ladd, La Salle. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Peru, IL - 58 Rentas | Trulia