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Peru, IL Homes for Rent

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  • /15

    $775 Per Month

    • 2 Beds
    • 1 Bath
    • 811 Sq Ft
    • Apartment for Rent

    2317 2nd St Unit 2, Peru, IL 61354

    Great, affordable, and clean upper-level 2-bedroom, 1-bath rental with off-street parking. No pets. A one-year lease is required, along with the first month's rent and a security deposit. Tenant responsible for all utilities. All interested applicants must complete a rental application. There is an application fee per applicant.

    Christine Hopps Coldwell Banker Today's

    2317 2nd St Unit 2, Peru, IL 61354
  • /2

    $1,550 Per Month

    • 4 Beds
    • 2 Baths
    • 1,736 Sq Ft
    • House for Rent

    2209 1st St, Peru, IL 61354

    This rental has 3-4 bedrooms, large closets in bedrooms, 2 bathrooms. Beautiful backyard lined with mature trees.

    Chico Perez Executive Realty Group LLC

    2209 1st St, Peru, IL 61354
  • /8

    $800 Per Month

    • 2 Beds
    • 1 Bath
    • 811 Sq Ft
    • Apartment for Rent

    2317 2nd St Unit 1, Peru, IL 61354

    Great, affordable, and clean main-level 2-bedroom, 1-bath rental with off-street parking. No pets. A one-year lease is required, along with the first month's rent and a security deposit. Tenant responsible for all utilities. All interested applicants must complete a rental application. There is an application fee per applicant.

    Wendy Fulmer Coldwell Banker Today's

    2317 2nd St Unit 1, Peru, IL 61354
  • /14

    $1,075 Per Month

    • 1 Bed
    • 1 Bath
    • 720 Sq Ft
    • House for Rent

    211 Fruit St, Peru, IL 61354

    This OPEN FLOOR PLAN includes kitchen / dining and living room. Freshly painted and new laminate flooring installed throughout this main floor, including kitchen, living room, dining room, and bedroom. The kitchen, with refrigerator, has new oven/range with vent, and a stacked washer and dryer. Plenty of room for a table and several chairs; and a great living room / seating area for tv watching

    Christine Dahm Malooley Dahm Realty

    211 Fruit St, Peru, IL 61354
  • /7

    $1,245 Per Month

    • 3 Beds
    • 1 Bath
    • 1,068 Sq Ft
    • House for Rent

    2415 Main St, Peru, IL 61354

    1.5 Story 3 Bedroom Home

    Chico Perez Executive Realty Group LLC

    2415 Main St, Peru, IL 61354
  • /8

    $1,425 Per Month

    • 2 Beds
    • 1 Bath
    • House for Rent

    653 Chartres St, La Salle, IL 61301

    Nice 2 bedroom home in classic Lasalle neighborhood. The home features many updates including cabinets, fixtures, appliances and refinished floors. Off-street parking with large driveway and two car garage. Central A/C, kitchen and laundry appliances included.

    Adam Finley Illinois Valley Property Management

    653 Chartres St, La Salle, IL 61301

Why Live in Peru

Peru, Illinois, located 100 miles west of Chicago, is a small city with a population of about 10,000. Known for its mix of small industrial and retail businesses, major employers include the Peru Mall and Target. The city features a variety of home styles, from early 20th-century bungalows to modern ranch-style homes, with homes spending less time on the market than the national average. LaSalle-Peru Township High School is noted for its high rating, contributing to the appeal for families. Peru offers numerous attractions, including the Illinois River, which provides opportunities for boating and fishing, and 10 public parks with amenities like picnic shelters and trails. Starved Rock State Park and Buffalo Rock State Park are nearby, enhancing the outdoor experience. The Westclox Museum offers a glimpse into the city's industrial past. Community events such as the Lock 14 Kid’s Fishing Tournament and Music Under the Oaks concert series foster a strong sense of community. Despite the absence of public transportation, the city is well-connected via Illinois State Route 251 and Interstate 80, with the Illinois Valley Regional Airport serving charter flights. The crime rates in Peru are often below state and national averages, and the air quality is better than many other Illinois cities. While winters can be harsh, summers are mild, making it a balanced environment for residents.

Frequently Asked Questions

How much does it cost to rent a home in Peru, IL?
The median rent for a home in Peru, IL is $1,075 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Peru, IL?
To comfortably afford the median rent in Peru, IL, a household needs to earn roughly $43,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,075 per month in Peru, IL, renters typically need to show $3,225 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Peru, IL?
In Peru, IL, the price-to-rent ratio is 13.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$1,075
Median Single Family Home Rent
$1,475
Median Townhouse Rent
$1,345
Median Condo Rent
$1,223
How to Rent a Home