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Newest Homes for Rent in Peru, IL

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  • 2317 2nd St Unit 2, Peru, IL 61354
    2317 2nd St Unit 2, Peru, IL 61354
    2317 2nd St Unit 2, Peru, IL 61354
    /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
  • 2317 2nd St Unit 1, Peru, IL 61354
    2317 2nd St Unit 1, Peru, IL 61354
    2317 2nd St Unit 1, 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
Illinois La Salle County

Newest Homes for Rent in Peru, IL

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 $787 per month, though prices vary by neighborhood, size, and property type. As of August 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 $31,480 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 $787 per month in Peru, IL, renters typically need to show $2,361 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 18.4, 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 Trends in Peru, IL

There are currently 2 homes available for rent in Peru, IL. The median rent is $787 per month, with single-family homes renting at $1,488, townhouses at $1,345 and condos at $1,200.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$787
Median Single Family Home Rent
$1,488
Median Townhouse Rent
$1,345
Median Condo Rent
$1,200
How to Rent a Home

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