diff --git a/pkgs/development/python-modules/peft/default.nix b/pkgs/development/python-modules/peft/default.nix
new file mode 100644
index 000000000000..24a0fe780643
--- /dev/null
+++ b/pkgs/development/python-modules/peft/default.nix
@@ -0,0 +1,54 @@
+{ lib
+, buildPythonPackage
+, fetchFromGitHub
+, pythonOlder
+, pytestCheckHook
+, setuptools
+, numpy
+, packaging
+, psutil
+, pyyaml
+, torch
+, transformers
+, accelerate
+}:
+
+buildPythonPackage rec {
+  pname = "peft";
+  version = "0.2.0";
+  format = "pyproject";
+
+  disabled = pythonOlder "3.7";
+
+  src = fetchFromGitHub {
+    owner = "huggingface";
+    repo = pname;
+    rev = "refs/tags/v${version}";
+    hash = "sha256-NPpY29HMQe5KT0JdlLAXY9MVycDslbP2i38NSTirB3I=";
+  };
+
+  nativeBuildInputs = [ setuptools ];
+
+  propagatedBuildInputs = [
+    numpy
+    packaging
+    psutil
+    pyyaml
+    torch
+    transformers
+    accelerate
+  ];
+
+  doCheck = false;  # tried to download pretrained model
+  pythonImportsCheck = [
+    "peft"
+  ];
+
+  meta = with lib; {
+    homepage = "https://github.com/huggingface/peft";
+    description = "State-of-the art parameter-efficient fine tuning";
+    changelog = "https://github.com/huggingface/peft/releases/tag/v${version}";
+    license = licenses.asl20;
+    maintainers = with maintainers; [ bcdarwin ];
+  };
+}
diff --git a/pkgs/top-level/python-packages.nix b/pkgs/top-level/python-packages.nix
index 711758a558c3..bfb7e9444095 100644
--- a/pkgs/top-level/python-packages.nix
+++ b/pkgs/top-level/python-packages.nix
@@ -7119,6 +7119,8 @@ self: super: with self; {
 
   pefile = callPackage ../development/python-modules/pefile { };
 
+  peft = callPackage ../development/python-modules/peft { };
+
   pelican = callPackage ../development/python-modules/pelican {
     inherit (pkgs) glibcLocales git;
   };