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Apartments in Troy

1 - 13 of 13 Results
20
$1,315 - 1,575
Three Oaks Apartments
Deal
4154 Three Oaks Boulevard Troy, MI
1 - 2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
19
$1,055 - 1,685
Canterbury Square
2127 North Lovington Troy, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
73
$1,210 - 2,150
Troy Place Apartments - Troy, MI
Deal
2869 Troy Center Dr Troy, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
15
3D Tour
$1,115 - 1,459
The Gables of Troy
3.0
500 Coachman Dr. Troy, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Covered Parking
57
$1,699 - 1,899
Sunnymede Apartments - Troy, MI
Deal
561 Kirts Blvd Troy, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Pool
22
$1,065 - 1,855
Charter Square
2860 Charter Blvd. Troy, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
43
$1,671 - 3,104
Uptown Square Apartments
5.0
1300 Livernois Road Troy, MI
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
17
$2,995
1975 Enterprise Dr
Troy, MI
4 BR | Ask for Availability
Contact
House
22
$1,799
1152 Faulkner
Troy, MI
2 BR | Available Now
Contact
House
Storage
Dishwasher
12
$1,005 - 1,455
Troy Place Apartments
Deal
2869 Troy Center Dr Troy, MI
1 - 3 BR | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
30
$1,424 - 2,005
Somerset Park Apartments
Deal
1911 Golfview Drive Troy, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
Call for Pricing
Northridge Property Management, Llc
2655 Livernois Troy, MI
Studio | Ask for Availability
Contact
Call for Pricing
2265 Livernois Associates, Llc
2265 Livernois, Suite 500 Troy, MI
Studio | Ask for Availability
Contact
1 - 13 of 13 Results
  1. Home
  2. Detroit Area Apartments
  3. Troy

How much does it cost to rent an apartment in Troy?

Troy Apartments
Bed Type Average Rent Range
Studio $1,680 $1,660 - $1,710
1BR $1,330 $1,060 - $1,700
2BR $1,560 $1,250 - $2,150
3BR $1,840 $1,310 - $2,670
Frequently Asked Questions

How many apartments are available in Troy, MI on Rentable.co?

Rentable.co has over 2,986 apartments available in Troy.

What is the average rent for a studio apartment in Troy, MI?

The average rent for a studio apartment in Troy is around $1,680 per month.

What is the average rent for a one-bedroom apartment in Troy, MI?

The average rent for a one-bedroom apartment in Troy is around $1,330 per month.

What is the average rent for a two-bedroom apartment in Troy, MI?

The average rent for a two-bedroom apartment in Troy is around $1,560 per month.

How expensive is it to rent an apartment in Troy, MI?

For a two-bedroom apartment in Troy, the average rent price is $1,560 per month, which is similar to the national average of $1,620 per month.

Can I afford an apartment for rent in Troy, MI?

Based on average rent prices in Troy, to afford a studio apartment you would need an annual household income of $67,000 to live comfortably.

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Troy:
May Rent Report

Welcome to the May 2024 Troy Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Troy rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Troy and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Troy average rent prices in the chart below.

Monthly Rent Report

$1,600
$1,200
$800
$400
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Troy Rent Prices Increase From April to May

Troy rent prices increased over the last month. From April to May, the city experienced a 1.22% increase for the price of a one-bedroom apartment. The rent price for a Troy one-bedroom apartments currently stands at $1,323.0.

When we take a look at the two-bedroom comparison from April to May, Troy experienced a 2.8% increase for the price of a two-bedroom apartment. The rent price for a Troy two-bedroom apartments currently stands at $1,504.0.

May Prices: Troy vs. Surrounding Areas

Rent Prices in Troy and Surrounding Areas

Rent prices have increased in Troy over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Troy suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Troy suburbs

  • Rents did not decrease in any of the Troy suburbs.

May 2024 Pricing Trends: Troy vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Troy Rent Prices More Affordable Than Major Cities

Rent growth in Troy over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Troy average rent prices appear to be relatively affordable for local residents.

The price for a Troy one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Troy and surrounding area rent prices, take a look at the complete data set below.

Data set for Troy and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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