Riverstone
255 Cemetery Rd,
Troy, NY 12182
1-2 Beds | $1,650 - $2,225
Rental Market Trends in Troy, NY
What is the average rent in Troy, NY?
$1,376/month
Average Rent
701 Sq Ft
Average Apartment Size
+4.1%
Increase in the Last Year
As of December 2024, the average rent in Troy, NY is $1,376 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Troy rent prices are 12% lower than the national average. When you rent an apartment in Troy, you can expect to pay about $1,292 per month for a studio, $1,376 for a one-bedroom apartment, and around $1,556 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,330 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Troy, NY?
In the past year, rent has increased by 4.1%, which averages out to $57 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Troy, NY
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
15%
$700 - $1,000/month
36%
$1,001 - $1,500/month
38%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Troy?
Based on current rent prices, Downtown Troy is the most affordable neighborhood in Troy.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Troy?
Based on current rent prices, Downtown Troy is the most expensive neighborhood in Troy.
Neighborhood
Average Rent
Average Sq Ft
Which Troy neighborhoods have the most rentals available?
The neighborhood in Troy with the most apartments available is Downtown Troy .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Troy, NY?
Because the average rent in Troy is $1,376, you’ll want to make about $4,586 per month or $55,032 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.
How does Troy, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Troy, NY 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.
Studio
$1,314/month
$1,314/month
One Bedroom
$1,476/month
$1,476/month
Two Bedroom
$2,025/month
$2,025/month
Three Bedroom
$2,622/month
$2,622/month
Nearby City Rent Trends
Apartment communities in Troy we think you'll love
Property Management Companies in Troy, NY
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11
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2,408
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Tri City Rentals
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Berkeley Properties
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Cole Group Realty
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13
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1,854
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12
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2 Communities in Troy
PeakMade Real Estate
-
60
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11,381
Units
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44
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1 Community in Troy
The United Group of Companies, Inc.
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20
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2,743
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17
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1 Community in Troy
Lexington Property Group
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14
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2,839
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Methodology
† 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.
* Percentages may not total 100 due to rounding.