Zumper
modified
1 Day Ago

Highlights

  • Pet Friendly
  • Peaceful retreat
  • Picturesque views
  • Serene living
  • Large windows
  • Spacious apartment
  • Spacious 2 bedroom

Location

1850 S Business 31, Peru, IN 46970, USA
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Contact

Management

Thrive Property Group LLC

Leasing office

(765) 444-2032

Property Overview

Millstone Apartments offers serene living with spacious layouts, large windows, and picturesque views, creating a peaceful retreat. With an overall expert rating of 8.4/10 and perfect 10/10 value per square foot, it provides an excellent balance of price and quality, supported by strong amenities (8/10), a highly convenient location (9/10), and a trustworthy, transparent property description (8/10).

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, Millstone Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Millstone Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space

Floor plans

2 bedroom 1 bath2 bed1 bath976 sqft$850 /mo2 units availableSign your lease before May 31st and get half off your security deposit! Apartments are filling quickly and this special will end soon. Act now—call 765-444-2032 to schedule a tour or request a rental application. Experience serene living in this spacious 2 bedroom, 1 bath apartment nestled in the heart of Peru, Indiana. Surrounded by the beauty of nature, this home offers a peaceful retreat with plenty of room to spread out and relax. Enjoy bright, open living spaces filled with natural light and large windows that frame picturesque views of the surrounding greenery. The roomy bedroom provides ample closet space, while the functional kitchen and comfortable living area make everyday living a pleasure. Convenience meets comfort with access to a laundry room on-site, making laundry days easy and hassle-free. Step outside to enjoy tranquil walks, scenic parks, and the fresh Indiana air right at your doorstep. Perfect for those who appreciate quiet, natural surroundings while staying close to the conveniences of town. Discover the perfect balance of comfort and nature — schedule your tour today and make this peaceful apartment your new home!

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Amenities for Millstone Apartments

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units46
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About Millstone Apartments

HomeApartments in Peru Millstone Apartments

Sign your lease before May 31st and get half off your security deposit! Apartments are filling quickly and this special will end soon. Act now—call 765-444-2032 to schedule a tour or request a rental application. Experience serene living in this spacious 2 bedroom, 1 bath apartment nestled in the heart of Peru, Indiana. Surrounded by the beauty of nature, this home offers a peaceful retreat with plenty of room to spread out and relax. Enjoy bright, open living spaces filled with natural light and large windows that frame picturesque views of the surrounding greenery. The roomy bedroom provides ample closet space, while the functional kitchen and comfortable living area make everyday living a pleasure. Convenience meets comfort with access to a laundry room on-site, making laundry days easy and hassle-free. Step outside to enjoy tranquil walks, scenic parks, and the fresh Indiana air right at your doorstep. Perfect for those who appreciate quiet, natural surroundings while staying close to the conveniences of town. Discover the perfect balance of comfort and nature — schedule your tour today and make this peaceful apartment your new home!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, Millstone Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Millstone Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Millstone Apartments
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Millstone Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Millstone Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Millstone Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Millstone Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Millstone Apartments compares to other nearby properties.

Positives

More space
The 1-bedroom is 90 sqft larger than other listings nearby

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 2 miles away
Grow a garden indoors
A balcony, backyard, or shared outdoor space isn't available
No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Rent trends in Peru

2-bedroom apartments at Millstone Apartments cost about 7% less than the average rent price for 2-bedroom apartments in Peru.

Median rents as of Apr 25 2026.
Peru
A table of 1-bedroom apartment rental data trends in Peru
MonthMedian Rent
May 2024$845
June 2024$847
July 2024$845
August 2024$847
September 2024$893
October 2024$909
November 2024$853
December 2024$848
January 2025$845
February 2025$700
March 2025$769
April 2025$811
May 2025$817
June 2025$830
July 2025$811
August 2025$799
September 2025$779
October 2025$724
November 2025$735
December 2025$715
January 2026$705
February 2026$732
March 2026$731
April 2026$740

Affordability calculator

Can I afford to live at 1850 S Business 31?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$34,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 2-bedrooms monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.

Schools near Millstone Apartments

Pipe Creek Elementary School

3036 w 400 s

peru, IN, 46970

PK, K-1Public
B-

Maconaquah Elementary School

7784 s strawtown pike

bunker hill, IN, 46914

2-5Public
C+

LH Carpenter Early Learning Center

1101 colerain st

wabash, IN, 46992

PK, KPublic
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Internet available near Millstone Apartments

Getting around Peru near 1850 S Business 31

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Points of interest for 1850 S Business 31, Peru

Groceries

7/10
At least one grocery store within a 15-minute walk

Shopping

2/10
Few or no shops within walking distance

Cafes

1/10
Few or no cafés within walking distance

Restaurants

3/10
Few or no restaurants within walking distance

Primary schools

0/10
No elementary schools within a 30-minute walk

High schools

0/10
No high schools within a 30-minute walk

Nightlife

3/10
Few or no bars within walking distance

Explore the area around 1850 S Business 31

ALDI
970 W Main St
Kroger
930 W Main St
Save-A-Lot
25 Broadway Plz

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