Rentometer, Inc. | Data as of 10/23/2025
Peru, Indiana blends small‑town charm with the convenience of a vibrant downtown corridor along the scenic Wabash River. Historic districts showcase well‑preserved brick facades, while nearby parks such as Lloyd Park and the Riverwalk provide ample outdoor recreation. The city’s strong sense of community is reinforced by local schools, cultural events at the Peru Civic Center, and easy access to major highways connecting residents to the broader Midwest.
The rental market in Peru offers a balanced mix of apartments and single‑family homes, catering to students, young professionals, and families alike. One‑bedroom apartments typically rent in the $800s, while two‑bedroom units are commonly found in the $1,000 range, reflecting the city’s affordable yet quality housing stock. Modern apartment complexes feature on‑site amenities, and many standalone houses provide spacious layouts and private yards, giving renters diverse options to match lifestyle preferences.
Neighborhoods such as the Eastside and the historic downtown area are especially popular for their walkability, proximity to dining, and community events. Renters appreciate the short commute to Peru Community College, local businesses, and recreational facilities like the Peru Area YMCA. With ongoing revitalization projects and a welcoming atmosphere, the city continues to attract new residents seeking a comfortable, affordable place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $829 | $845 | $799 - $845 | $799 - $845 |
| Apartment | 2 Bedroom | $1,085 | $1,145 | $899 - $1,295 | $945 - $1,145 |
In the current period, the average rent in Peru was
$830 for 1 Bedroom, and
$1,004 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.