Reading performance is vital for academic success. This study explored the effectiveness of peer reading in enhancing reading performance among Grade 5 students. It assessed students’ reading abilities and attitudes through pretests and posttests, comparing control and experimental groups. Sixty students from West City Central School participated, divided into two sections using purposive sampling. A researcher-made questionnaire and survey were used to evaluate performance and attitudes. An experimental design measured outcomes, analyzing data with means, standard deviations, ANOVA, and T-tests. The findings revealed that the Peer Reading Strategy significantly improved reading comprehension. The experimental group showed higher post-test scores than the control group, highlighting the strategy’s effectiveness. Peer reading fostered a supportive learning environment, increased student engagement, improved fluency, and boosted confidence and motivation to read. The study underscores the importance of tailored interventions like peer reading, which provide additional support for struggling students. It recommends that school leaders offer training for teachers on peer reading methods and that the Department of Education explore adapting the strategy to other grade levels and subjects. Identifying key elements of peer collaboration can further enhance its impact, ensuring broader academic success for learners.