Last updated on August 29, 2026

Average rent in
Peru, IN

Median rent

Median rent in Peru

$945/mo

increased by18%

vs previous year

The average rent in Peru is $945 per month as of August 2026. This is 51% below the national average rent, or $980 less per month.

$1.06

average price per square foot

Total rentals

Available rentals in Peru

12

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Peru rentals at each price point

80%60%40%20%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Peru, IN, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Peru, IN

Average rent prices in Peru have increased by 2% over the last month and have increased by 18% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Peru, IN

Rent prices in Peru vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Peru is $897, whereas a house costs $1,125. 1-bedroom apartments in Peru run $750 on average, while 2-bedroom apartments are $995.

Listings

Studio

$850

No Change

-

1 bedroom

$779

5%

3%

2 bedroom

$895

4%

17%

3 bedroom

$1,299

2%

-

4 bedroom

$1,997

No Change

-

Studio

Average rent

$850

1 bedroom

Average rent

$779

Last 30 days

5%

Last year

3%

2 bedroom

Average rent

$895

Last 30 days

4%

Last year

17%

3 bedroom

Average rent

$1,299

Last 30 days

2%

4 bedroom

Average rent

$1,997

The table above reflects average rent prices in Peru, IN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Peru, IN compare to other cities?

Compare median rent prices in Peru and Bunker Hill by all bedroom counts and property types.

Peru

Median rent price$945
decreased by51%

lower than the national median

Median rent price$975
decreased by49%

lower than the national median

Takeaway

The median rent for all rentals in Peru, IN is 3% lower than the median rent in Bunker Hill, IN.

Discover rentals in Peru, IN

Millstone Apartments - Photo 1 of 1
Highly rated

18h ago

8.4

Very good

Millstone Apartments

1850 S Business 31, Peru, IN 46970

2 beds

1 bath

$850

Apartment for rent

1005 N Lincoln St #1005 - Photo 1 of 1

5d+ ago

House for rent in Peru

EP ESTATES LLC - 1005-

1005 N Lincoln St #1005, Peru, IN 46970

2 beds

1 bath

$855

House for rent

Available Mar 20

283 W Main Street - Photo 1 of 1
3D tour

2d ago

7.9

Very good

283 W Main Street

283 W Main St, Peru, IN 46970

3 beds

1 bath

$929

Apartment for rent

1029 N Lincoln St #1029 - Photo 1 of 1

5d+ ago

House for rent in Peru

EP ESTATES LLC - 1029

1029 N Lincoln St #1029, Peru, IN 46970

3 beds

1 bath

$1,000

House for rent

Available Mar 20

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Peru, IN

Quick answers to common questions about the Peru rental market.

How much is rent in Peru?

The average rent in Peru is $945 per month as of August 22, 2026.

Is rent up or down in Peru?

Average rent prices in Peru have increased by 2% over the last month and have increased by 18% since last year.

How does Peru rent compare to the national average?

Rent in Peru is 51% below the national average, which means renters are paying approximately $980 less per month.

What salary do I need to afford rent in Peru?

To comfortably afford rent in Peru, you'd need to earn approximately $38,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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