167

Peru, IN Homes for Rent

Section Image
  • /35

    Starting at $729 Per Month

    • 1 Bed

    700 Bobtail Ct, Peru, IN 46970

    Welcome to our newly remodeled apartments in Peru, IN! Situated in a convenient location, these apartments offer a comfortable and modern living experience. Each unit comes equipped with a stove, refrigerator, and microwave, making it easy to prepare meals and entertain guests. The stainless steel appliances add a touch of elegance to the space. With the recent remodel, you'll enjoy updated

    Pechewa Place

    (765) 476-0320

    700 Bobtail Ct, Peru, IN 46970
  • /15

    Starting at $895 Per Month

    • 1 - 3 Beds

    548 Sycamore Trail, Peru, IN 46970

    Wabash River Commons is a new community offering great amenities with views that overlook the Wabash river and is conveniently located right next to the Peru YMCA.

    Wabash River Commons

    (765) 470-4678

    548 Sycamore Trail, Peru, IN 46970
  • /20

    Starting at $776 Per Month

    • 2 - 3 Beds

    2920 S Hilltop Dr, Peru, IN 46970

    The feeling of home is clearly evident here at Hilltop Ridge. Beautifully landscaped grounds welcome you to this multi-family community. Once inside on of our spacious 1, 2, and 3 bedroom apartment homes, you will see patios or balconies for relaxation, expansive bedrooms, convenient washer/dryer hookups, and spacious living accommodations.This is located in the Maconaquah School

    Hilltop Ridge

    (765) 470-4708

    2920 S Hilltop Dr, Peru, IN 46970
  • /29

    $1,500 Per Month

    • 4 Beds
    • 1 Bath
    • 2,668 Sq Ft
    • Apartment for Rent

    3235 Schilling St, Peru, IN 46970

    A nice large four bedroom with a loft for extra sitting room. One bathroom upstairs. There is a large living area and kitchen with island. The basement is great space for additional family room.

    Dee Dee Davis-Richards D.R. Indiana Realty LLC

    3235 Schilling St, Peru, IN 46970
  • /12

    $929 Per Month

    • 3 Beds
    • 1 Bath
    • 850 Sq Ft
    • Condo for Rent

    283 W Main St Unit 1, Peru, IN 46970

    Welcome to our spacious 3-bedroom, 1-bathroom apartment located in Peru, IN. This upstairs level unit features a refrigerator and stove in the kitchen, perfect for preparing meals and storing groceries. With off-street parking available, you'll never have to worry about finding a spot for your vehicle. This unit also offers a beautiful sun room as well as 2 entry ways into the apartment! Don't

    283 W Main St Unit 1, Peru, IN 46970
  • /15

    $1,150 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,542 Sq Ft
    • Townhouse for Rent

    38042 Dow Ct, Peru, IN 46970

    Discover this newly updated, spacious two-story townhouse conveniently located between Kokomo and Peru. The main level features a generously sized eat-in kitchen and an expansive living room, along with a main-floor laundry area and a beautifully updated half bath. Upstairs, you’ll find a well-appointed full bathroom and three comfortable, spacious bedrooms. Step outside to enjoy a peaceful

    Jessica Matthews D.R. Indiana Realty LLC

    38042 Dow Ct, Peru, IN 46970
  • /20

    $1,125 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,148 Sq Ft
    • House for Rent

    2909 Travis St, Peru, IN 46970

    This 3-bedroom, 1.5-bath home offers approximately 1,148 sq ft of comfortable living space with air conditioning, heat, and laundry hookups. The kitchen includes a refrigerator, stove/oven, and dishwasher, and the home features vinyl floors with carpeted areas, walk-in closets, and extra storage. Enjoy the convenience of a carport, plus a pet-friendly, smoke-free community with trash included.

    2909 Travis St, Peru, IN 46970
  • /19

    $855 Per Month

    • 2 Beds
    • 1 Bath
    • 834 Sq Ft
    • House for Rent

    1005 N Lincoln St, Peru, IN 46970

    + garage (Cozy 2-bed home with one bath, ideal starter space.) Nestled in a park-like setting, our newly renovated community at Eagle's Pointe offers a serene escape with single-family home living for all of our residents. As an Equal Opportunity Housing community, we're committed to providing a welcoming place to live for everyone.With homes ranging from 2–4 bedrooms, Eagle's Pointe

    1005 N Lincoln St, Peru, IN 46970
  • /17

    $1,100 Per Month

    • 3 Beds
    • 2 Baths
    • 1,201 Sq Ft
    • House for Rent

    1703 S Lincoln St, Peru, IN 46970

    + Garage (Well-sized family layout with two full baths) Nestled in a park-like setting, our newly renovated community at Eagle's Pointe offers a serene escape with single-family home living for all of our residents. As an Equal Opportunity Housing community, we're committed to providing a welcoming place to live for everyone.With homes ranging from 2–4 bedrooms, Eagle's Pointe offers

    1703 S Lincoln St, Peru, IN 46970
  • /10

    $1,230 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,334 Sq Ft
    • House for Rent

    39023 Edwards Ct, Peru, IN 46970

    This 4-bedroom, 2.5-bath home offers approximately 1,334 sq ft of spacious living with air conditioning, heat, and laundry hookups. The kitchen includes a refrigerator, stove/oven, and dishwasher, and the home features vinyl floors with carpeted areas plus walk-in closets. Enjoy the convenience of a carport in a pet-friendly (dog-friendly), smoke-free community with trash included. Nestled in

    39023 Edwards Ct, Peru, IN 46970
  • /20

    $1,000 Per Month

    • 3 Beds
    • 1 Bath
    • 941 Sq Ft
    • House for Rent

    1029 N Lincoln St, Peru, IN 46970

    + Garage Nestled in a park-like setting, our newly renovated community at Eagle's Pointe offers a serene escape with single-family home living for all of our residents. As an Equal Opportunity Housing community, we're committed to providing a welcoming place to live for everyone.With homes ranging from 2–4 bedrooms, Eagle's Pointe offers a wide range of affordable living options, all

    1029 N Lincoln St, Peru, IN 46970
  • /6

    $700 Per Month

    • 2 Beds
    • 1 Bath
    • House for Rent

    371 W 12th St, Peru, IN 46970

    Two Bedroom House for Rent371 W 12th St Unit 17 Peru, IN$700/month$700 deposit Tenant pays gas electricThis cute, single story home has new vinyl plank flooring in the kitchen and bathroom. It features an open layout.No pets please. This property is available for self showings Monday-Friday 9-5. Text a picture of your government issued, photo id along

    371 W 12th St, Peru, IN 46970
  • /18

    $900 Per Month

    • 3 Beds
    • 1.5 Baths
    • House for Rent

    43012 Keesler Ct, Peru, IN 46970

    BEAUTIFUL tri-level home at The Estates at Eagles Pointe! 3 bedroom, 1.5 bath duplex unit. This unit offers washer and dryer hook-up, stove, fridge, dishwasher, car port and outside storage space. NO SMOKING OR PETS ALLOWED! Contact Harrold Chandler at for more information. Charming 3 bedroom townhouse , newly remodeled with hardwood flooring and new paint. Beautifully tiled upstairs

    43012 Keesler Ct, Peru, IN 46970
  • /10

    $1,050 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,080 Sq Ft
    • House for Rent

    36013 Beale Ct, Peru, IN 46970

    This 3-bedroom, 1.5-bath home offers approximately 1,080 sq ft of comfortable living space with air conditioning, laundry hookups, and garage parking. The kitchen includes a refrigerator, stove/oven, and dishwasher, and the home features vinyl floors, carpeted areas, walk-in closets, and extra storage. Pet-friendly and located in a smoke-free community, with trash included.+GARAGE

    36013 Beale Ct, Peru, IN 46970
  • /7

    $600 Per Month

    • 1 Bed
    • 1 Bath
    • House for Rent

    362 W 5th St, Peru, IN 46970

    Adorable upstairs unit located in the heart of Peru, back of the house unit. Tenant pays electric.

    362 W 5th St, Peru, IN 46970

Why Live in Peru

Peru, Indiana, located along the Wabash River in north central Indiana, is a small city with a population of around 11,000 residents. The local economy is diverse, supported by industries such as the Duke Hospital System and Smithfield Packaged Meats. Peru is notable for its rich circus and musical history, being the tribal headquarters for the Miami Nation and home to the world’s only remaining manufacturer of steam calliopes. The city celebrates its circus heritage with the International Circus Hall of Fame and the annual Peru Amateur Circus Festival, which features performances, carnival rides, and a parade. Outdoor enthusiasts can enjoy the Peru Riverwalk Park with its walking trail, skate park, and pickleball courts, as well as the nearby Frances Slocum State Forest, which offers hiking, hunting, and equestrian trails. Downtown Peru is vibrant, with popular dining spots like Aroma Coffee Shop, Gabriel’s Pancake House, and Legend’s Cocktail Lounge. Housing in Peru is affordable, with styles ranging from Colonial Revivals to bungalows, and prices generally between $100,000 and $300,000. The Peru Community Schools system is well-regarded, providing solid educational opportunities for students. While the city does face some natural risks such as tornadoes and flooding, the construction of the Mississinewa Dam has helped mitigate flood risks. Peru is conveniently located near state highways 24 and 31, providing access to Fort Wayne and Indianapolis, with the closest airport being Fort Wayne International, 55 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Peru, IN?
The median rent for a home in Peru, IN is $700 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.
How much do you need to make to afford rent in Peru, IN?
To comfortably afford the median rent in Peru, IN, a household needs to earn roughly $28,000 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 $700 per month in Peru, IN, renters typically need to show $2,100 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, IN?
In Peru, IN, the price-to-rent ratio is 17.0, 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, IN

Rental Home Trends

Number of Homes for Rent
15
Median Rent
$700
Median Single Family Home Rent
$700
Median Townhouse Rent
$600
Median Condo Rent
$929
How to Rent a Home