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91 1 Bedroom Apartments for rent in Troy, MI

Last updated October 18 at 8:40pm UTC
411 S OLD WOODWARD Avenue
Downtown Birmingham
Birmingham, MI
Updated October 18 at 2:19pm UTC
1 Bedroom
$2,000
Results within 1 miles of Troy, MI
3551 W 14 Mile Rd Apt 2
Royal Oak
Royal Oak, MI
Updated October 17 at 8:09pm UTC
1 Bedroom
$1,300
35300 WOODWARD Avenue
Birmingham
Birmingham, MI
Updated October 13 at 5:13am UTC
1 Bedroom
$1,600
Highland Towers
25225 Greenfield Road
Southfield, MI
Updated October 18 at 6:28pm UTC
1 Bedroom
$630
Results within 5 miles of Troy, MI
Village Club Apartments
1132 N Campbell Rd
Royal Oak, MI
Updated February 16 at 11:12am UTC
1 Bedroom
$1,045
Amber Apartments of Royal Oak
3807 Crooks Road
Royal Oak, MI
Updated October 18 at 6:28pm UTC
1 Bedroom
$715
Keswick Manor Apartments
16099 W 11 Mile Road
Southfield, MI
Updated October 18 at 6:27pm UTC
1 Bedroom
$940
29816 CITY CENTER Drive
Northeast Warren
Warren, MI
Updated October 16 at 6:12am UTC
1 Bedroom
$999
2620 GREENSTONE Boulevard
Auburn Hills
Auburn Hills, MI
Updated October 12 at 7:09am UTC
1 Bedroom
$990
1125 N Sherman Dr
Royal Oak
Royal Oak, MI
Updated October 12 at 2:20am UTC
1 Bedroom
$1,200
422 FOX HILLS Drive N
Bloomfield Hills
Bloomfield Hills, MI
Updated October 11 at 12:58am UTC
1 Bedroom
$975
806 BLOOMFIELD VILLAGE Boulevard
Auburn Hills
Auburn Hills, MI
Updated October 11 at 12:58am UTC
1 Bedroom
$850
1918 Axtell
Troy
Troy, MI
Updated September 20 at 6:45am UTC
1 Bedroom
$1,025
3501 W FOURTEEN MILE Road
Royal Oak
Royal Oak, MI
Updated September 28 at 5:10am UTC
1 Bedroom
$1,300
4815 Briarwood Ave
Royal Oak
Royal Oak, MI
Updated August 24 at 2:37am UTC
1 Bedroom
$895
555 S OLD WOODWARD
Birmingham
Birmingham, MI
Updated October 18 at 2:20pm UTC
1 Bedroom
$2,223
804 N MAIN Street
Downtown Rochester
Rochester, MI
Updated October 11 at 12:58am UTC
1 Bedroom
$2,499

October 2018 Troy Rent Report

Welcome to the October 2018 Troy Rent Report. Troy rents increased 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

October 2018 Troy Rent Report

Welcome to the October 2018 Troy Rent Report. Troy rents increased 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 rents increased significantly over the past month

Troy rents have increased 0.5% over the past month, and are up slightly by 1.5% 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. This is the third straight month that the city has seen rent increases after a decline in June. Troy's year-over-year rent growth leads the state average of 1.0%, as well as the national average of 0.9%.

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, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Taylor has the least expensive rents in the Detroit metro, with a two-bedroom median of $870; the city has also seen rents fall by 1.5% over the past year, the biggest drop in the metro.
  • Troy 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 0.5% over the past month, the fastest in the metro.

Troy rents more affordable than many large cities nationwide

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

  • Rents increased slightly 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 1.4% in Lansing and 1.2% 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 0.9% over the past year compared to the 1.5% rise in Troy.
  • While Troy's rents rose slightly over the past year, many cities nationwide saw decreases, including Baltimore (-2.3%), El Paso (-1.4%), and Chicago (-0.9%).
  • 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 $680 $890 -0.2% 0.3%
Warren $760 $990 -0.4% 3.9%
Sterling Heights $820 $1,070 -0.3% 1.0%
Dearborn $1,010 $1,320 -0.1% 1.8%
Westland $740 $960 0.1% 1.1%
Troy $1,020 $1,330 0.5% 1.5%
Southfield $900 $1,170 0.1% 1.3%
Taylor $670 $870 -0.3% -1.5%
Pontiac $730 $950 0.2% 0.8%
Royal Oak $830 $1,080 -0.1% 0.2%
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.