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 July 2025, Peru's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Peru's average rent is 45.4% ($792) lower than the Illinois average of $1,743 and 46.4% ($824) lower than the U.S. average of $1,775.

Average Rent

$951

Monthly ChangeMonth Over Month Change

20.1% ($239)

Yearly ChangeYear Over Year Change

4.5% ($41)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$777	20% ($194)	10.4% ($73)
2 Beds	$990	20.8% ($260)	9.2% ($83)
3 Beds	$1,153	17.9% ($252)	13% ($133)

Nearby Cities	Average Rent	Avg. Rent vs. PeruAverage Rent vs. Peru	Avg. Days on MarketAverage Days on Market
Ottawa	$1,205	26.7% ($254)	37 days
Streator	$1,085	14.1% ($134)	38 days

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.

What is the average rent in Peru, IL?

The average rent in Peru, IL is $951 per month.

What is the rental price range for houses in Peru, IL?

Houses in Peru typically rent for between $600 and $1,499 per month, with an average of $951 per month.

What is the average rent for different bedroom sizes in Peru, IL?

In Peru, the average rent for a 1-bedroom house is $777 per month, for a 2-bedroom house, $990 per month, and a 3-bedroom house is $1,153 per month.

How do rent prices in Peru, IL compare with the national average?

The average rent in Peru is 46.4% ($824) lower than the national average of $1,775 per month.

How have rent prices in Peru, IL changed recently?

The average rent in Peru has decreased by 20.1% ($239) in the last month and increased by 4.5% ($41) over the past year.

How competitive is the rental market in Peru, IL?

The rental market in Peru, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Peru, IL?

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.

How many rental properties are available in Peru, IL?

There are currently 4 rental properties available in Peru, IL.

Can I afford to rent a house in Peru, IL?

Based on the current averages, a household would need an annual income of $39,600 to comfortably afford a 2-bedroom house in Peru.