MILLSTONE APARTMENTS
1852 S Business 31,
Peru, IN 46970
$750 - $1,300
1-3 Beds
Peru
Peru, IN
Area Guide
This Peru is better known for the circus than ceviche
Riverside
•
Scenic
•
Historic
•
Affordable
•
Laidback
•
Located on the banks of the Wabash River, Peru is a charming city nestled in north-central Indiana’s Miami County. Nicknamed the Circus Capital of the World, Peru boasts a rich history in the circus industry that dates back to the late 1800s. Peru honors its storied past with the annual Circus City Festival as well as the International Circus Hall of Fame and the thriving Peru Amateur Circus.
Peru’s eclectic charm doesn’t end with its circus ties. The city touts a historic downtown area centered on Main Street and Broadway, where the community comes together to enjoy an array of eateries, specialty shops, and one-of-a-kind museums. The Peru community also delights in a broad range of houses and apartments available for rent on tree-lined streets.
Rent Trends
As of October 2025, the average apartment rent in Peru, IN is $793 for one bedroom, $858 for two bedrooms, and $840 for three bedrooms. Apartment rent in Peru has decreased by -0.9% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$793/month
684 Sq Ft
House
$1,105/month
1,167 Sq Ft
Transportation
20
Car-Dependent
out of 100 WalkScore® Rating
Walking is difficult in this neighborhood, which is considered a car-dependent area.
36
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Schools
Public
Grades 3-6
552 Students
Elmwood Primary Learning Center
Public
Grades PK-2
421 Students
Public
Grades PK-1
355 Students
Public
Grades 7-12
883 Students
Public
Grades 7-8
319 Students
Public
Grades 7-12
883 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2025. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2025. All rights reserved.
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.