Quick answer: 100% Yes – Peru has to be one of the most complete countries you can visit in this region. Here you'll find all kinds of biomes (thick jungle, towering Andes, beaches, the desert etc) as well as an affordable cost of travel.
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There is much more to Peru than Machu Picchu! But make sure you visit Machu Picchu, too! It's one of the few world attractions that actually exceeds its overwhelming expectations. And, if you're the adventurous type, we recommend you hike the infamous Inca Trail to Machu Picchu.
Not only is Peru a fantastic destination for adventure seekers and nature lovers, but it is also one of the most affordable ones in South America. Perhaps your biggest expense, which you will need to account for well in advance, is your airline tickets.