Apartments for Rent in Troy MI
1,155 Rentals Available
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Troy Market Snapshot
Average 1-Bedroom Rent is $1,413/mo
Down -2% From Last Year
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Showing 40 of 242 Results - Page 1 of 7
Explore Rent Prices Near Troy, MI
Troy, MI’s average rent price is $1,453 per month. Compare rent prices and available listings in nearby cities to find better value or more options that fit your budget.
| Average Rent | |
|---|---|
| Clawson | $1,646 |
| Royal Oak | $1,801 |
| Rochester Hills | $1,533 |
| Bloomfield Hills | $1,352 |
| Birmingham | $2,965 |
Average Monthly Rent is calculated using the average rent of active one-bedroom apartment listings.
Troy, MI Apartments for Rent
Located in Oakland County, Troy combines suburban comfort with metropolitan convenience. The city's rental market offers a range of housing options, from apartment communities to townhomes, with current average rents ranging from $1,302 for studios to $1,738 for two-bedroom units. The Somerset Collection, an upscale mall featuring over 180 retailers connected by a glass-enclosed skywalk, anchors the community's retail district. Neighborhoods include the historic Troy Corners district and the Big Beaver corridor, home to office complexes and restaurants. Residents enjoy access to community parks and the Troy Historic Village, which features preserved 19th-century buildings.
Troy serves as a significant business center, particularly for automotive and financial companies. The city sits 22 miles north of downtown Detroit, providing easy access to major highways and employment centers throughout the metro area. The Troy School District serves the community with several elementary and middle schools, along with Troy High School and Athens High School. Recent rent trends indicate steady growth, with most unit types showing 2-4% annual increases. The city maintains numerous parks and recreation facilities, including the Lloyd A. Stage Nature Center and Firefighters Park, offering walking trails and outdoor activities throughout the year.
Troy, MI Rental Insights
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The average rent in Troy, MI is $1,412 per month. By comparison, renters across the U.S. pay an average of $1,632, which means housing in Troy, MI is slightly less expensive than much of the country.
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Find affordable apartments for rent in Troy, MI by browsing listings in budget-friendly neighborhoods such as Royal Coachman, Canterbury Square, and 920 on the Park. Use filters by price, number of bedrooms, and amenities to narrow your search.
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The most popular ZIP codes for renters in Troy, MI are 48084, 48083, 48085, and 48098.
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The cost of living in Troy, MI is 5.8% higher than the national average. Daily expenses like housing, groceries, and transportation generally cost more than in many other U.S. cities.
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To live comfortably in Troy, MI as a single adult with no dependents, aim for a salary of at least $85,000 before taxes. Expect to spend about $8,604/year for groceries, $14,352 for goods and services, and $31,248/year for housing. To decide how much you should spend on rent, use our rent affordability calculator.
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You can find flexible rentals in Troy, MI by exploring short-term rentals for temporary stays or browsing furnished apartments for move-in ready options that save time and hassle.
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Tour apartments from your couch with Matterport 3D Tours. We have 1,155 Troy apartments with virtual tours available. Walk through the apartment, view room layouts and get a feel for the space before an in-person tour.
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Troy, MI has very few transit options. Residents typically rely on driving for daily needs.
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Students renting in Troy, MI have access to Walsh College of Business, Oakland C.C., Royal Oak Campus, Oakland C.C., Auburn Hills, and Oakland University.
Find the Perfect Troy, MI Apartment
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