Luxury Apartments for Rent in Troy, MI
129 rentals
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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 Sep 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| 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 |
| Aug 2026 | $2,400 |
| Sep 2026 | $2,500 |
Average Rent By Bedroom and Home Type
In September 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 | $1,350 | $2,000 | $2,600 | $3,200 | $2,500 |
| Townhomes | — | $2,000 | $2,600 | — | $2,500 |
| Apartments and Condos | $1,135 | $2,022 | $2,500 | — | $2,200 |
| Houses | $850 | $1,895 | $2,600 | $3,200 | $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 $1,694 per month. This is about 13% 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 $1,350 per month. That is about $364 less than the cost of a studio apartment.
- How many available rental listings are in Troy, MI?There are 136 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.
View this page in Spanish: Apartamentos de lujo en renta en Troy, MI - 330 Rentas | Trulia