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Viewing 1-3 of 3 rentals in Peru
What to Know About
Life in Peru & Beyond
Peru shares many of the great qualities that make Illinois a desirable place to live.
Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.
Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.
With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.
Rental Market Trends
Peru, IL
As of August 2025, Peru's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Peru's average rent is 45.7% ($807) lower than the Illinois average of $1,766 and 46.4% ($831) lower than the U.S. average of $1,790.
Average Rent
$959
Monthly ChangeMonth Over Month Change
0.8% ($8)
Yearly ChangeYear Over Year Change
5.4% ($49)
Avg. Days on MarketAverage Days on Market
36
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $779 | 0.3% ($2) | 10.7% ($75) |
| 2 Beds | $992 | 0.2% ($2) | 9.4% ($85) |
| 3 Beds | $1,156 | 0.3% ($3) | 13.3% ($136) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Peru Rental Market FAQs
Explore rental prices, market trends, and availability in Peru, IL.
The average rent in Peru, IL is $959 per month.
Apartments in Peru typically rent for between $600 and $1,503 per month, with an average of $959 per month.
In Peru, the average rent for a 1-bedroom apartment is $779 per month, for a 2-bedroom apartment, $992 per month, and a 3-bedroom apartment is $1,156 per month.
The average rent in Peru is 46.4% ($831) lower than the national average of $1,790 per month.
The average rent in Peru has increased by 0.8% ($8) in the last month and increased by 5.4% ($49) over the past year.
The rental market in Peru, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Peru, IL, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 4 rental properties available in Peru, IL.
Based on the current averages, a household would need an annual income of $39,680 to comfortably afford a 2-bedroom apartment in Peru.
