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380 Apartments under 900 for rent in Troy, MI

Last updated October 16 at 7:18pm UTC
2891 E Maple
Troy
Troy, MI
Updated October 16 at 4:48pm UTC
Studio
$872
2820 W MAPLE Road
The Transit Center
Troy, MI
Updated October 16 at 4:47pm UTC
Studio
$385
Results within 1 miles of Troy, MI
31323 Dequindre Road
Madison Heights
Madison Heights, MI
Updated October 10 at 3:15am UTC
Studio
$850
4815 Briarwood Ave
Royal Oak
Royal Oak, MI
Updated August 24 at 2:37am UTC
1 Bedroom
$895
Results within 5 miles of Troy, MI
Highland Towers
25225 Greenfield Road
Southfield, MI
Updated October 16 at 7:18pm UTC
1 Bedroom
$650
2 Bedrooms
$800
Amber Apartments of Royal Oak
3807 Crooks Road
Royal Oak, MI
Updated October 16 at 7:18pm UTC
Studio
Ask
1 Bedroom
$715
2 Bedrooms
Ask
7827 Greeley St
Utica
Utica, MI
Updated October 16 at 5:29pm UTC
2 Bedrooms
$725
24800 Warner #450
Southwest Warren
Warren, MI
Updated October 16 at 4:48pm UTC
Studio
$450
2484 Waltz Ave
Southwest Warren
Warren, MI
Updated October 14 at 10:04am UTC
2 Bedrooms
$775
664 Scottwood St
Pontiac
Pontiac, MI
Updated October 12 at 1:13pm UTC
3 Bedrooms
$875
806 BLOOMFIELD VILLAGE Boulevard
Auburn Hills
Auburn Hills, MI
Updated October 11 at 12:58am UTC
1 Bedroom
$850
404 Virginia Ave
Downtown Royal Oak
Royal Oak, MI
Updated October 10 at 9:39am UTC
Studio
$795
89 S Jessie St
Pontiac
Pontiac, MI
Updated October 9 at 6:03pm UTC
2 Bedrooms
$750
23465 Easterling
Hazel Park
Hazel Park, MI
Updated October 6 at 3:18am UTC
2 Bedrooms
$850
7677 Greeley Street
Utica
Utica, MI
Updated October 4 at 10:35am UTC
2 Bedrooms
$825
538 Judson Ct
Pontiac
Pontiac, MI
Updated October 4 at 10:25am UTC
2 Bedrooms
$800
1973 PILGRIM Street
Ferndale
Ferndale, MI
Updated October 4 at 3:03am UTC
2 Bedrooms
$825
7677 Greeley Street
Utica
Utica, MI
Updated October 3 at 10:39am UTC
1 Bedroom
$700
30800 VAN DYKE Avenue
Northeast Warren
Warren, MI
Updated October 1 at 8:28am UTC
Studio
$600
8201 Kennedy Cir
Northeast Warren
Warren, MI
Updated October 5 at 10:51pm UTC
1 Bedroom
$890

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.