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81 1 Bedroom Apartments for rent in Troy, MI

Last updated December 15 at 9:13am UTC
Results within 1 miles of Troy, MI
4815 Briarwood
Royal Oak
Royal Oak, MI
Updated December 15 at 7:51am UTC
1 Bedroom
$790
35300 WOODWARD Avenue
Birmingham
Birmingham, MI
Updated December 15 at 9:13am UTC
1 Bedroom
$1,500
5005 South Crooks Road
Royal Oak
Royal Oak, MI
Updated November 29 at 11:24am UTC
1 Bedroom
$1,500
5005 Crooks road #38
Royal Oak
Royal Oak, MI
Updated November 29 at 11:24am UTC
1 Bedroom
$1,500
Results within 5 miles of Troy, MI
VC of Royal Oak
1132 N Campbell Rd
Royal Oak, MI
Updated December 15 at 6:18am UTC
1 Bedroom
$1,085
Highland Towers
25225 Greenfield Road
Southfield, MI
Updated December 15 at 4:12am UTC
1 Bedroom
$650
Amber Apartments of Royal Oak
3807 Crooks Road
Royal Oak, MI
Updated December 15 at 4:12am UTC
1 Bedroom
$844
2741 Patrick Henry Dr
Oakland Valley
Auburn Hills, MI
Updated December 14 at 9:44am UTC
1 Bedroom
$1,560
4001 Crooks Rd
Royal Oak
Royal Oak, MI
Updated December 14 at 9:44am UTC
1 Bedroom
$1,470
904 Chestnut Hills Drive
Auburn Hills
Auburn Hills, MI
Updated December 15 at 9:13am UTC
1 Bedroom
$800
327 SOUTHFIELD Road
Birmingham
Birmingham, MI
Updated December 15 at 9:13am UTC
1 Bedroom
$1,500
630 ANN Street
Birmingham
Birmingham, MI
Updated December 15 at 9:13am UTC
1 Bedroom
$1,300
3204 Shenandoah #11
Royal Oak
Royal Oak, MI
Updated December 13 at 11:22am UTC
1 Bedroom
$975
555 S OLD WOODWARD
Birmingham
Birmingham, MI
Updated December 15 at 9:13am UTC
1 Bedroom
$2,170
1125 Sherman - 21
Royal Oak
Royal Oak, MI
Updated December 15 at 8:15am UTC
1 Bedroom
$1,000

December 2018 Troy Rent Report

Welcome to the December 2018 Troy Rent Report. Troy rents remained steady over the past month. In this report, we'll evaluate trends in the Troy rental market, including comparisons to cities throughout the metro, state, and nation.

View full Troy Rent Report
Rent Report
Troy

December 2018 Troy Rent Report

Welcome to the December 2018 Troy Rent Report. Troy rents remained steady over the past month. In this report, we'll evaluate trends in the Troy rental market, including comparisons to cities throughout the metro, state, and nation.

Troy rent trends were flat over the past month

Troy rents have increased 0.1% over the past month, and have increased slightly by 1.7% in comparison to the same time last year. Currently, median rents in Troy stand at $1,020 for a one-bedroom apartment and $1,330 for a two-bedroom. Troy's year-over-year rent growth leads the state average of 1.0%, as well as the national average of 1.3%.

Rents rising across the Detroit Metro

Throughout the past year, rent increases have been occurring not just in the city of Troy, but across the entire metro. Of the largest 10 cities that we have data for in the Detroit metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Dearborn has the most expensive rents in the Detroit metro, with a two-bedroom median of $1,330; the city has also seen rent growth of 3.2% over the past year, the fastest in the metro.
  • Taylor has the least expensive rents in the Detroit metro, with a two-bedroom median of $890; rents increased 0.6% over the past month but remained flat year-over-year.

Troy rents more affordable than many large cities nationwide

As rents have increased slightly in Troy, large cities nationwide have seen rents grow more quickly. Troy is still more affordable than most large cities across the country.

  • Rents increased marginally in other cities across the state, with Michigan as a whole logging rent growth of 1.0% over the past year. For example, rents have grown by 1.2% in Lansing and 1.0% in Grand Rapids.
  • Troy's median two-bedroom rent of $1,330 is above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 1.7% increase in Troy.
  • While Troy's rents rose slightly over the past year, some cities nationwide saw decreases, including Baltimore (-1.2%) and El Paso (-0.2%).
  • Renters will find more reasonable prices in Troy than most large cities. For example, Chicago has a median 2BR rent of $1,270, which is undefined the price in Troy.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Detroit $690 $890 0.2% 1.1%
Warren $780 $1,020 0.8% 3.0%
Sterling Heights $830 $1,080 0.5% 2.1%
Dearborn $1,020 $1,330 0.5% 3.2%
Livonia $940 $1,220 0.1% 3.1%
Westland $740 $970 0.3% 1.6%
Troy $1,020 $1,330 0.1% 1.7%
Southfield $900 $1,180 0.3% 1.8%
Taylor $680 $890 0.6% 0.0%
Pontiac $730 $940 -0.1% 1.1%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start 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, comparing only units that are available across both time periods 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. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.