What's the average rent in Troy, MI?

Rental Market Trends in Troy, MI

SOURCE: TRULIA DATA

Rental market highlights

As of July 2026, the average rent in Troy, MI is $2,351 per month, which is 21% higher than the national average rent of $1,951 per month.

AVERAGE RENT

$2,351

0.0%$1 increase month-over-month

-6.0%-$149 decrease year-over-year

AVAILABLE RENTALS

120

APARTMENTS

$1,626

HOUSES

$2,800

TOWNHOUSES

$2,700

As of July 2026, apartments are the most affordable rental option in Troy, MI at $1,626 per month, while houses are the most expensive at $2,800 per month. Townhomes average $2,700 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,429
2 Bedrooms	$2,033
3 Bedrooms	$2,500
4 Bedrooms	$3,450
All	$2,351

As of July 2026, the average rent for a 1 bedroom rental in Troy, MI is $1,429 per month, followed by $2,033 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	$2,500
3 Bedrooms	$2,700
4 Bedrooms	—
All	$2,700

As of July 2026, the average rent for a 2 bedroom townhome in Troy, MI is $2,500 per month, followed by $2,700 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,250
2 Bedrooms	$2,182
3 Bedrooms	$2,500
4 Bedrooms	$3,000
All	$2,182

As of July 2026, the average rent for a 1 bedroom apartment in Troy, MI is $1,250 per month, followed by $2,182 for a 2 bedroom apartment, $2,500 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	$2,500
4 Bedrooms	$3,450
All	$2,800

As of July 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, $2,500 for a 3 bedroom house, and $3,450 for a 4 bedroom house.