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405 Apartments under 1000 for rent in Troy, MI

Last updated December 14 at 1:49pm UTC
Results within 1 miles of Troy, MI
4815 Briarwood
Royal Oak
Royal Oak, MI
Updated December 14 at 11:40am UTC
1 Bedroom
$790
31323 Dequindre Road
Madison Heights
Madison Heights, MI
Updated December 14 at 1:23pm UTC
Studio
$850
Results within 5 miles of Troy, MI
Highland Towers
25225 Greenfield Road
Southfield, MI
Updated December 14 at 1:13pm UTC
1 Bedroom
$650
2 Bedrooms
$800
Amber Apartments of Royal Oak
3807 Crooks Road
Royal Oak, MI
Updated December 14 at 1:13pm UTC
Studio
Ask
1 Bedroom
$844
2 Bedrooms
Ask
26425 Coolidge Hwy
Oak Park
Oak Park, MI
Updated December 14 at 10:14am UTC
2 Bedrooms
$900
3656 Bart Ave
Southwest Warren
Warren, MI
Updated December 14 at 10:13am UTC
3 Bedrooms
$950
904 Chestnut Hills Drive
Auburn Hills
Auburn Hills, MI
Updated December 14 at 1:23pm UTC
1 Bedroom
$800
308 W 12 Mile
Royal Oak
Royal Oak, MI
Updated December 14 at 11:40am UTC
2 Bedrooms
$850
3204 Shenandoah #11
Royal Oak
Royal Oak, MI
Updated December 13 at 11:22am UTC
1 Bedroom
$975
48380 VAN DYKE
Macomb County
Macomb County, MI
Updated December 14 at 1:23pm UTC
Studio
$395
43120 Utica
Sterling Heights
Sterling Heights, MI
Updated December 14 at 1:23pm UTC
Studio
$995
24800 Warner #103
Southwest Warren
Warren, MI
Updated December 14 at 1:23pm UTC
Studio
$400
39393 Van Dyke
Sterling Heights
Sterling Heights, MI
Updated December 14 at 1:23pm UTC
Studio
$800
318 SEWARD Street
Pontiac
Pontiac, MI
Updated December 14 at 1:23pm UTC
3 Bedrooms
$900
27307 LENOX Avenue
Madison Heights
Madison Heights, MI
Updated December 14 at 1:23pm UTC
2 Bedrooms
$950
510 MONTROSE Avenue
Royal Oak
Royal Oak, MI
Updated December 14 at 1:23pm UTC
1 Bedroom
$850
2 Bedrooms
Ask
764 Melrose
Pontiac
Pontiac, MI
Updated December 14 at 11:40am UTC
3 Bedrooms
$875

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.