My husband and I stayed in Huanchaco, Peru for 6 weeks and friends of ours recommended Indigan as a reliable, good quality, fair place to rent boards and suits long term. We weren't disappointed. We bargained with Santos for a while until we reached a price we were all happy with. The suits he provided were good quality with no holes or tears, and the board he rented to my husband was just right.
We often met Santos in the street later and enjoyed a friendly chat. We were pleased that we were renting from an honest, friendly person. His son competes regularly and it was cool seeing him in local competitions. We were glad to support his family through our rental.
There are lots of places to rent boards/suits in Huanchaco–and I'm sure a number of them are good honest people. But there are also a number of sketchy places or people who will try to fleece you,or provide you with subpar equipment, etc. I recommend avoiding that risk, and just heading straight to Indigan!