Searching for an apartment for rent in Troy, MI? Look no further! Apartment List will help you find a perfect apartment near you. There are 39 available rental units listed on Apartment List in Troy. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!
The average rent in Troy is $1,713 for a studio, $1,562 for a one-bedroom apartment, and $1,716 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.
Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Troy apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.
You can trust Apartment List to help you find your next Troy, MI apartment rental! After all, everyone deserves a home they love.
Welcome to the Apartment List June 2025 Rent Report for Troy, MI. Currently, the overall median rent in the city stands at $1,677, after rising 1.3% last month. Prices remain down 1.5% year-over-year. Read on to learn more about what’s been happening in the Troy rental market and how it compares to trends throughout the broader Detroit metro area and the nation as a whole.
The median rent in Troy rose by 1.3% over the course of May, and has now decreased by a total of 1.5% over the past 12 months. Troy’s rent growth over the past year has has fallen behind both the state (1.5%) and national averages (-0.5%).
Five months into the year, rents in Troy have risen 5.1%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to May 2024 rents had increased 7.1%.
If we expand our view to the wider Detroit metro area, the median rent is $1,238 meaning that the median price in Troy ($1,677) is 35.5% greater than the price across the metro as a whole. Metro-wide annual rent growth stands at 1.9%, above the rate of rent growth within just the city.
The table below shows the latest rent stats for 6 cities in the Detroit metro area that are included in our database. Among them, Troy is currently the most expensive, with a median rent of $1,677. Detroit is the metro’s most affordable city, with a median rent of $1,080. The metro's fastest annual rent growth is occurring in Southfield (3.2%) while the slowest is in Rochester Hills (-2.1%).
You can also use the map below to explore the latest rent trends in the Detroit metropolitan area.
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities across the country. Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.
Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.
Welcome to the Apartment List June 2025 Rent Report for Troy, MI. Currently, the overall median rent in the city stands at $1,677, after rising 1.3% last month. Prices remain down 1.5% year-over-year. Read on to learn more about what’s been happening in the Troy rental market and how it compares to trends throughout the broader Detroit metro area and the nation as a whole.
Rental rates are low in Troy so there won't be such frantic competition to score a flat. Yet, folks want to know they have good neighbors, so it helps to highlight that you're friendly and responsible while apartment hunting. Smile, shake hands, remember people's names, return phone calls promptly, make complete sentences with your mouth only, and bring your pay stubs to make sure property managers know you have stable employment. You’ll be fine.
When to rent: It’s vest to start your search as soon as the nice weather starts (you know, when everything isn’t frozen or boiling) in mid-spring in order to score a place by the early summer
View Troy City GuideRental rates are low in Troy so there won't be such frantic competition to score a flat. Yet, folks want to know they have good neighbors, so it helps to highlight that you're friendly and responsible while apartment hunting. Smile, shake hands, remember people's names, return phone calls promptly, make complete sentences with your mouth only, and bring your pay stubs to make sure property managers know you have stable employment. You’ll be fine.
When to rent: It’s vest to start your search as soon as the nice weather starts (you know, when everything isn’t frozen or boiling) in mid-spring in order to score a place by the early summer
The representation of ethnic minorities in Troy is higher than the national average. The eight main ethnic groups that make up the population of Troy are White (58.5%), Asian (26.8%), Two Or More (6.5%), Black Or African American (4.1%), Hispanic Or Latino (3.5%), Other (0.5%), American Indian Or Alaska Native (0.2%), and Native Hawaiian Or Other Pacific Islander (0%).
The representation of ethnic minorities in Troy is higher than the national average. The eight main ethnic groups that make up the population of Troy are White (58.5%), Asian (26.8%), Two Or More (6.5%), Black Or African American (4.1%), Hispanic Or Latino (3.5%), Other (0.5%), American Indian Or Alaska Native (0.2%), and Native Hawaiian Or Other Pacific Islander (0%).
