What's the average rent in Troy, MI?

Rental Market Trends in Troy, MI

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Troy, MI is $2,400 per month, which is 22% higher than the national average rent of $1,962 per month.

AVERAGE RENT

$2,400

0.0%No change month over month

-4.0%-$100 decrease year-over-year

AVAILABLE RENTALS

134

APARTMENTS

$1,667

HOUSES

$2,800

TOWNHOUSES

$2,367

As of August 2026, apartments are the most affordable rental option in Troy, MI at $1,667 per month, while houses are the most expensive at $2,800 per month. Townhomes average $2,367 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,374
2 Bedrooms	$1,980
3 Bedrooms	$2,500
4 Bedrooms	$3,450
All	$2,400

As of August 2026, the average rent for a 1 bedroom rental in Troy, MI is $1,374 per month, followed by $1,980 for a 2 bedroom rental, $2,500 for a 3 bedroom rental, and $3,450 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,000
3 Bedrooms	$2,700
4 Bedrooms	—
All	$2,367

As of August 2026, the average rent for a 2 bedroom townhome in Troy, MI is $2,000 per month, followed by $2,700 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,135
2 Bedrooms	$2,100
3 Bedrooms	$2,595
4 Bedrooms	$3,000
All	$2,100

As of August 2026, the average rent for a 1 bedroom apartment in Troy, MI is $1,135 per month, followed by $2,100 for a 2 bedroom apartment, $2,595 for a 3 bedroom apartment, and $3,000 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$850
2 Bedrooms	$1,700
3 Bedrooms	$2,450
4 Bedrooms	$3,450
All	$2,800

As of August 2026, the average rent for a 1 bedroom house in Troy, MI is $850 per month, followed by $1,700 for a 2 bedroom house, $2,450 for a 3 bedroom house, and $3,450 for a 4 bedroom house.