Cheap Apartments for Rent in Troy, MI
125 rentals
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PET FRIENDLY$1,045 - $1,620/mo
1-2 Beds
1-2 BathsCanterbury Square | 2127 N Lovington Dr #18213105,
Troy, MI 48083
PET FRIENDLY
PET FRIENDLYFURNISHED
PET FRIENDLY
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SPECIAL OFFERTotal price$1,348 - $1,588/mo1-2 Beds1 BathThree Oaks Apartments | 4154 Three Oaks Dr #4200-3A,
Troy, MI 48098
PET FRIENDLY
PET FRIENDLY$1,399 - $1,899/mo1-2 Beds1-2 BathsSunnymede Apartments - Troy, MI | 561 Kirts Blvd #555-15,
Troy, MI 48084
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NEW - 9 HRS AGOPET FRIENDLY$1,706 - $2,679/moStudio-3 Beds1-2 BathsUptown Square Apartments | 1300 Livernois Rd #3202,
Troy, MI 48083
PET FRIENDLY
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APPLY INSTANTLY
SPECIAL OFFERPET FRIENDLY
SPECIAL OFFERPET FRIENDLY
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Average Rent Trends in Troy, MI
Rent in Troy, MI varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jul 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $2,557 |
| Sep 2025 | $2,500 |
| Oct 2025 | $2,450 |
| Nov 2025 | $2,400 |
| Dec 2025 | $2,370 |
| Jan 2026 | $2,395 |
| Feb 2026 | $2,300 |
| Mar 2026 | $2,275 |
| Apr 2026 | $2,300 |
| May 2026 | $2,300 |
| Jun 2026 | $2,350 |
| Jul 2026 | $2,400 |
Average Rent By Bedroom and Home Type
In July 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,429 | $2,033 | $2,500 | $3,450 | $2,351 |
| Townhomes | — | $2,500 | $2,700 | — | $2,700 |
| Apartments and Condos | $1,250 | $2,182 | $2,500 | $3,000 | $2,182 |
| Houses | $850 | $1,700 | $2,500 | $3,450 | $2,800 |
Frequently Asked Questions about Rentals in Troy, MI
- What is the average rent of an apartment in Troy, MI?The average rent of an apartment in Troy, MI is $1,626 per month. This is about 17% lower than the national average.
- When is the average rent cheapest in Troy, MI?In the last year, the average rent in Troy, MI was lowest in Jan 2025 when it was $2,300 per month.
- When is the average rent most expensive in Troy, MI?In the last year, the average rent in Troy, MI was highest in Aug 2025 when it was $2,557 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Troy, MI?The average rent of a 1 bedroom apartment in Troy, MI is $1,429 per month. That is about $311 less than the cost of a studio apartment.
- How many available rental listings are in Troy, MI?There are 120 available rental listings in Troy, MI.
- What are some zip codes in Troy, MI?
- What are some cities near Troy, MI?Some nearby cities include: Clawson, Birmingham, Royal Oak, Madison Heights, Bloomfield. These cities may have more rental options to explore.
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