What's the average rent in Troy, MI?

Rental Market Trends in Troy, MI

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Troy, MI is $2,300 per month, which is 19% higher than the national average rent of $1,930 per month.

AVERAGE RENT

$2,300

0.0%No change month over month

0.0%No change year over year

AVAILABLE RENTALS

103

APARTMENTS

$1,697

HOUSES

$2,400

TOWNHOUSES

$2,400

As of May 2026, apartments are the most affordable rental option in Troy, MI at $1,697 per month, while townhomes are the most expensive at $2,400 per month. Houses average $2,400 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,342
2 Bedrooms	$2,150
3 Bedrooms	$2,400
4 Bedrooms	$3,500
All	$2,300

As of May 2026, the average rent for a 1 bedroom rental in Troy, MI is $1,342 per month, followed by $2,150 for a 2 bedroom rental, $2,400 for a 3 bedroom rental, and $3,500 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,100
2 Bedrooms	$2,300
3 Bedrooms	$2,800
4 Bedrooms	—
All	$2,400

As of May 2026, the average rent for a 1 bedroom townhome in Troy, MI is $1,100 per month, followed by $2,300 for a 2 bedroom townhome, and $2,800 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,165
2 Bedrooms	$2,300
3 Bedrooms	$2,200
4 Bedrooms	$3,000
All	$2,000

As of May 2026, the average rent for a 1 bedroom apartment in Troy, MI is $1,165 per month, followed by $2,300 for a 2 bedroom apartment, $2,200 for a 3 bedroom apartment, and $3,000 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$850
2 Bedrooms	$875
3 Bedrooms	$2,300
4 Bedrooms	$3,400
All	$2,400

As of May 2026, the average rent for a 1 bedroom house in Troy, MI is $850 per month, followed by $875 for a 2 bedroom house, $2,300 for a 3 bedroom house, and $3,400 for a 4 bedroom house.