The Gables of Troy
500 Coachman Dr,
Troy, MI 48083
1-2 Beds | $1,220 - $1,534
$1,467/month
Average Rent
819 Sq Ft
Average Apartment Size
+1.9%
Increase in the Last Year
As of April 2025, the average rent in Troy, MI is $1,467 per month. For comparison, the national average rent price in the US is currently $1,577/month, which means Troy rent prices are 7% lower than the national average. When you rent an apartment in Troy, you can expect to pay about $1,301 per month for a studio, $1,467 for a one-bedroom apartment, and around $1,729 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,280 or more.
In the past year, rent has increased by 1.9%, which averages out to $28 more per month.
Based on current rent prices, Downtown Troy, The Smart Zone and Maple Road are the most affordable neighborhoods in Troy.
Based on current rent prices, Maple Road, The Smart Zone and Downtown Troy are the most expensive neighborhoods in Troy.
The neighborhoods in Troy with the most apartments available are Downtown Troy, Maple Road and The Smart Zone .
Because the average rent in Troy is $1,467, you’ll want to make about $4,890 per month or $58,680 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
The cost of living in Troy, MI is 5.5% higher than the national average. Generally, housing in Troy is 9.6% more expensive than the national average, with rent falling between $1,301 - $2,280. You can expect to pay 0.6% more for groceries, 5.0% less for utilities, and 1.2% less for transportation.
Use the tool below to compare Troy, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.