Cheap Apartments for Rent in Troy, MI
108 rentals
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Use arrow keys to navigateAPPLY INSTANTLYSPECIAL OFFERPET FRIENDLY$975 - $1,125/mo
1-2 Beds
1 BathRanch Apartment Homes in Great Troy Location | 1071 Rochester Rd #1B-1Ba-700Sqft,
Troy, MI 48083
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SPECIAL OFFERPET FRIENDLY$1,299 - $1,649/mo1-2 Beds1-2 BathsSunnymede Apartments - Troy, MI | 561 Kirts Blvd #605-103,
Troy, MI 48084
SPECIAL OFFERTotal price$1,348 - $1,618/mo1-2 Beds1 BathThree Oaks Apartments | 4154 Three Oaks Dr #4200-3A,
Troy, MI 48098
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NEW - 15 HRS AGOPET FRIENDLY$1,616 - $2,632/moStudio-3 Beds1-2 BathsUptown Square Apartments | 1300 Livernois Rd #3295227,
Troy, MI 48083
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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 stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,500 |
| Jul 2025 | $2,540 |
| 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 |
Average Rent By Bedroom and Home Type
In May 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 | $1,364 | $2,100 | $2,493 | $3,495 | $2,353 |
| Townhomes | $1,100 | $2,250 | $2,450 | — | $2,400 |
| Apartments and Condos | $1,085 | $2,250 | $2,600 | $3,000 | $2,200 |
| Houses | $850 | $1,500 | $2,400 | $3,500 | $2,850 |
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 $1,736 per month. This is about 10% lower than the national average.
- What is the average rent of a house in Troy, MI?The average rent of a house in Troy, MI is $2,850 per month. This is about 48% higher than the national average.
- What is the average rent of a townhome in Troy, MI?The average rent of a townhome in Troy, MI is $2,400 per month. This is about 24% higher 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 $1,364 per month. That is about $296 less than the cost of a studio apartment.
- How many available rental listings are in Troy, MI?There are 119 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.