Peru, IL rental market
Last updated August 9, 2025
Rental market summary
The average rent for all bedrooms and all property types in Peru, IL is $950.
$950
-$550
-$300
3
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $900 to $1,700.
| Rent price | Number of rental properties |
|---|---|
| $800 | 1 |
| $900 | 2 |
| $1,600 | 1 |
| $1,700+ | 1 |
Average rent price over time
In the last year, rent has decreased by $300 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $945 | $1,400 |
| Feb | $930 | $1,750 |
| Mar | $995 | $1,100 |
| Apr | $1,400 | $1,250 |
| May | $1,400 | $700 |
| Jun | $1,500 | $925 |
| Jul | $1,300 | $795 |
| Aug | $1,200 | $900 |
| Sep | $895 | No data |
| Oct | $895 | No data |
| Nov | $895 | No data |
| Dec | $1,400 | No data |
Market temperature
The Peru, IL rental market temperature is HOT. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Peru, IL is 55% lower than the national average.
$950
$2,100
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Frequently asked questions
1. What is the average rent in Peru, IL?
The average rent in Peru, IL is $950.
2. How much does it cost to rent a house in Peru, IL?
Houses in Peru, IL rent between $900 - $1,700 with an average rent of $950.
3. How has the rent in Peru, IL changed in the last year?
In the last year, the rent in Peru, IL decreased by $300
4. How much has the rent in Peru, IL increased/decreased in the last month?
In the last month, the rent in Peru, IL decreased by $550
5. How many available rentals are there in Peru, IL?
There are currently 3 rentals available in Peru, IL.
6. How do rent prices in Peru, IL compare with the national average?
The average rent in Peru, IL is $950 — 54.76% lower the national average of $2,100.