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119 2 Bedroom Apartments for rent in Troy, MI

Last updated November 21 at 2:16am UTC
1465 RALIEGH PL
The Transit Center
Troy, MI
Updated November 20 at 2:07pm UTC
2 Bedrooms
$2,200
3094 CAMDEN Drive
The Transit Center
Troy, MI
Updated November 17 at 1:55am UTC
2 Bedrooms
$1,899
3042 Camden
The Transit Center
Troy, MI
Updated November 16 at 1:42am UTC
2 Bedrooms
$2,000
1089 Foxboro
The Smart Zone
Troy, MI
Updated November 15 at 11:59am UTC
2 Bedrooms
$1,550
1534 DEVON Lane
The Transit Center
Troy, MI
Updated November 14 at 2:14am UTC
2 Bedrooms
$1,950
1377 ASHFORD Court
The Transit Center
Troy, MI
Updated November 14 at 2:14am UTC
2 Bedrooms
$1,950
2826 ROUNDTREE Drive
Troy
Troy, MI
Updated November 13 at 1:35am UTC
2 Bedrooms
$1,275
3268 NEWBURY PL
The Transit Center
Troy, MI
Updated November 12 at 11:02pm UTC
2 Bedrooms
$2,200
1392 RALIEGH PL
The Transit Center
Troy, MI
Updated November 7 at 9:33pm UTC
2 Bedrooms
$1,900
Results within 1 miles of Troy, MI
411 S OLD WOODWARD Avenue
Downtown Birmingham
Birmingham, MI
Updated November 21 at 2:16am UTC
2 Bedrooms
$3,500
649 West Maple Road
Clawson
Clawson, MI
Updated November 21 at 1:51am UTC
2 Bedrooms
$1,200
946 N ADAMS Road
Birmingham
Birmingham, MI
Updated November 20 at 2:08pm UTC
2 Bedrooms
$1,900
36610 PARK PLACE Drive
Sterling Heights
Sterling Heights, MI
Updated November 20 at 2:07pm UTC
2 Bedrooms
$1,129
36420 Park Place Dr
Sterling Heights
Sterling Heights, MI
Updated November 20 at 8:41am UTC
2 Bedrooms
$1,275
1752 Haynes St
Birmingham
Birmingham, MI
Updated November 15 at 11:58am UTC
2 Bedrooms
$1,699
2440 PARMENTER Boulevard
Royal Oak
Royal Oak, MI
Updated November 10 at 9:37pm UTC
2 Bedrooms
$1,325
748 GRAEFIELD Court
Birmingham
Birmingham, MI
Updated November 7 at 9:35pm UTC
2 Bedrooms
$1,400
868 N Adams Road
Birmingham
Birmingham, MI
Updated November 7 at 9:35pm UTC
2 Bedrooms
$1,200
534 GRATEN Street
Birmingham
Birmingham, MI
Updated November 7 at 9:34pm UTC
2 Bedrooms
$3,000
36520 Park Place Dr
Sterling Heights
Sterling Heights, MI
Updated November 15 at 12:02pm UTC
2 Bedrooms
$1,150
1109 Chrysler Road
Troy
Troy, MI
Updated November 20 at 9:40am UTC
2 Bedrooms
$7,680

November 2018 Troy Rent Report

Welcome to the November 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

November 2018 Troy Rent Report

Welcome to the November 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 moderately over the past month

Troy rents have increased 0.3% 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. This is the fourth 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 0.9%, as well as the national average of 1.1%.

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 seen rents fall by 0.5% over the past year, the biggest drop in the metro. It also has the least expensive rents in the Detroit metro, with a two-bedroom median of $880.
  • Livonia has seen the fastest rent growth in the metro, with a year-over-year increase of 3.0%. The median two-bedroom there costs $1,220, while one-bedrooms go for $940.
  • Troy has the most expensive rents of the largest cities in the Detroit metro, with a two-bedroom median of $1,330; rents grew 0.3% over the past month and 1.7% over the past 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 0.9% over the past year. For example, rents have grown by 1.4% in Lansing and 0.8% 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 1.1% 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 (-1.6%) and El Paso (-0.8%).
  • 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 0.3% 0.8%
Warren $770 $1,010 1.2% 2.7%
Sterling Heights $820 $1,070 0.6% 2.1%
Dearborn $1,020 $1,330 0.7% 2.5%
Livonia $940 $1,220 3.0%
Westland $740 $970 0.3% 1.3%
Troy $1,020 $1,330 0.3% 1.7%
Southfield $900 $1,170 0.3% 1.5%
Taylor $680 $880 0.9% -0.5%
Pontiac $730 $950 -0.1% 0.7%
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.