Cheap Houses for Rent in Troy, MI
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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 decreased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,900 |
| Jul 2025 | $3,000 |
| Aug 2025 | $2,900 |
| Sep 2025 | $2,800 |
| Oct 2025 | $2,650 |
| Nov 2025 | $2,700 |
| Dec 2025 | $2,700 |
| Jan 2026 | $2,700 |
| Feb 2026 | $2,600 |
| Mar 2026 | $2,500 |
| Apr 2026 | $2,450 |
| May 2026 | $2,400 |
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 Houses for rent in Troy, MI
- 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.
- When is the average rent cheapest in Troy, MI?In the last year, the average rent in Troy, MI was lowest in Apr 2025 when it was $2,450 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 Jul 2025 when it was $3,000 per month.
- How many houses are available to rent in Troy, MI?There are 55 available houses to rent 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.