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295 2 Bedroom Apartments for rent in Troy, MI

Last updated January 22 at 1:37am UTC
The Gables of Troy
500 Coachman Dr
Troy, MI
Updated January 22 at 1:03am UTC
2 Bedrooms
$899
2389 Somerset Rd
Troy
Troy, MI
Updated January 21 at 9:39am UTC
2 Bedrooms
$3,000
1614 BRENTWOOD Drive
Troy
Troy, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,700
3268 NEWBURY PL
The Transit Center
Troy, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,900
2826 ROUNDTREE Drive
Troy
Troy, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,275
1534 DEVON Lane
The Transit Center
Troy, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,950
Results within 1 miles of Troy, MI
Furnished Apartments in Sterling Heights/Troy
Sterling Heights
Sterling Heights, MI
Updated January 21 at 11:29am UTC
2 Bedrooms
$2,500
36420 Park Place Dr
Sterling Heights
Sterling Heights, MI
Updated January 21 at 8:33am UTC
2 Bedrooms
$1,200
4963 CROOKS Road
Royal Oak
Royal Oak, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,350
3179 MARTELL AVE
Rochester Hills
Rochester Hills, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,300
1571 HUMPHREY Avenue
Birmingham
Birmingham, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$4,000
1471 Bennaville
Birmingham
Birmingham, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,850
2440 PARMENTER Boulevard
Royal Oak
Royal Oak, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,275
VC of Royal Oak
1132 N Campbell Rd
Royal Oak, MI
Updated January 22 at 1:37am UTC
2 Bedrooms
$1,285
631 Broadacre Ave
Clawson
Clawson, MI
Updated January 21 at 11:30am UTC
2 Bedrooms
$1,325
755 W MAPLE Road
Clawson
Clawson, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,250
1955 Graefield Road
Birmingham
Birmingham, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,600
Results within 5 miles of Troy, MI
868 N Adams Road
Birmingham
Birmingham, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,200
1715 Melville Drive
Rochester Hills
Rochester Hills, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,250
754 GRAEFIELD Court
Birmingham
Birmingham, MI
Updated January 21 at 9:21pm UTC
2 Bedrooms
$1,500

January 2019 Troy Rent Report

Welcome to the January 2019 Troy Rent Report. Troy rents declined 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

January 2019 Troy Rent Report

Welcome to the January 2019 Troy Rent Report. Troy rents declined 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 decline sharply over the past month

Troy rents have declined 2.2% over the past month, and have decreased slightly by 0.3% in comparison to the same time last year. Currently, median rents in Troy stand at $1,000 for a one-bedroom apartment and $1,300 for a two-bedroom. Troy's year-over-year rent growth lags the state average of 0.6%, as well as the national average of 0.9%.

Rents rising across the Detroit Metro

While rent prices have decreased in Troy over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 9 of the largest 10 cities in the Detroit metro for which we have data. 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 $1,350; the city has also seen rent growth of 4.4% over the past year, the fastest in the metro.
  • Over the past month, Troy has seen the biggest rent drop in the metro, with a decline of 2.2%. Median two-bedrooms there cost $1,300, while one-bedrooms go for $1,000.
  • Taylor has the least expensive rents in the Detroit metro, with a two-bedroom median of $890; rents increased 0.4% over the past month but remained flat year-over-year.

Troy rents more affordable than many large cities nationwide

As rents have fallen slightly in Troy, many large cities nationwide have seen prices increase, in some cases substantially. Troy is also more affordable than most large cities across the country.

  • Other cities across the state have seen rents marginally increase, with Michigan as a whole logging rent growth of 0.6% over the past year. For example, rents have grown by 1.2% in Lansing and 0.2% in Grand Rapids.
  • Troy's median two-bedroom rent of $1,300 is above the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 0.3% decline in Troy.
  • While rents in Troy fell slightly over the past year, many cities nationwide saw increases, including Las Vegas (+4.4%), Charlotte (+2.7%), and Fresno (+1.9%).
  • 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 $690 $900 0.1% 1.2%
Warren $790 $1,020 0.7% 3.2%
Sterling Heights $830 $1,080 0.3% 2.0%
Dearborn $1,040 $1,350 1.7% 4.4%
Livonia $930 $1,210 -1.5% 1.5%
Westland $740 $970 0.0% 1.5%
Troy $1,000 $1,300 -2.2% -0.3%
Southfield $900 $1,180 0.1% 1.7%
Taylor $680 $890 0.4% 0.3%
Pontiac $730 $940 -0.1% 1.0%
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.