Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Peru, IN

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 26.6% ($336) lower than the Indiana average of $1,263 and 47.8% ($848) lower than the U.S. average of $1,775.

Average Rent

$927

Monthly ChangeMonth Over Month Change

1.2% ($11)

Yearly ChangeYear Over Year Change

10.7% ($111)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$839	0.5% ($4)	4.3% ($38)
2 Beds	$1,004	0.8% ($8)	6.7% ($72)
3 Beds	$1,219	6.9% ($91)	17.8% ($264)

Nearby Cities	Average Rent	Avg. Rent vs. PeruAverage Rent vs. Peru	Avg. Days on MarketAverage Days on Market
Galveston	$856	7.7% ($71)	35 days
Somerset	$837	9.7% ($90)	29 days
Wabash	$859	7.3% ($68)	35 days
Logansport	$865	6.7% ($62)	29 days
Kokomo	$903	2.6% ($24)	32 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, IN.

What is the average rent in Peru, IN?

The average rent in Peru, IN is $927 per month.

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

Houses in Peru typically rent for between $600 and $1,585 per month, with an average of $927 per month.

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

In Peru, the average rent for a 1-bedroom house is $839 per month, for a 2-bedroom house, $1,004 per month, and a 3-bedroom house is $1,219 per month.

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

The average rent in Peru is 47.8% ($848) lower than the national average of $1,775 per month.

How have rent prices in Peru, IN changed recently?

The average rent in Peru has decreased by 1.2% ($11) in the last month and decreased by 10.7% ($111) over the past year.

How competitive is the rental market in Peru, IN?

The rental market in Peru, IN, 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, IN?

In Peru, IN, the average rental stays on the market for approximately 32 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, IN?

There are currently 9 rental properties available in Peru, IN.

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

Based on the current averages, a household would need an annual income of $40,160 to comfortably afford a 2-bedroom house in Peru.