What's the average rent in Troy, MI?

Rental Market Trends in Troy, MI

SOURCE: TRULIA DATA

Rental market highlights

As of October 2026, the average rent in Troy, MI is $2,500 per month, which is 28% higher than the national average rent of $1,948 per month.

AVERAGE RENT

$2,500

0.0%No change month over month

2.0%$50 increase year-over-year

AVAILABLE RENTALS

144

APARTMENTS

$1,708

HOUSES

$2,750

TOWNHOUSES

$2,267

As of October 2026, apartments are the most affordable rental option in Troy, MI at $1,708 per month, while houses are the most expensive at $2,750 per month. Townhomes average $2,267 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,332
2 Bedrooms	$1,931
3 Bedrooms	$2,499
4 Bedrooms	$3,200
All	$2,500

As of October 2026, the average rent for a 1 bedroom rental in Troy, MI is $1,332 per month, followed by $1,931 for a 2 bedroom rental, $2,499 for a 3 bedroom rental, and $3,200 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,000
3 Bedrooms	$2,500
4 Bedrooms	—
All	$2,267

As of October 2026, the average rent for a 2 bedroom townhome in Troy, MI is $2,000 per month, followed by $2,500 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,095
2 Bedrooms	$2,200
3 Bedrooms	$2,432
4 Bedrooms	$2,500
All	$2,299

As of October 2026, the average rent for a 1 bedroom apartment in Troy, MI is $1,095 per month, followed by $2,200 for a 2 bedroom apartment, $2,432 for a 3 bedroom apartment, and $2,500 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$850
2 Bedrooms	$1,800
3 Bedrooms	$2,600
4 Bedrooms	$3,000
All	$2,750

As of October 2026, the average rent for a 1 bedroom house in Troy, MI is $850 per month, followed by $1,800 for a 2 bedroom house, $2,600 for a 3 bedroom house, and $3,000 for a 4 bedroom house.