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28 Furnished Apartments for rent in Troy, MI

Last updated September 21 at 7:49am UTC
4626 LUISA Drive
Troy
Troy, MI
Updated August 31 at 3:21am UTC
4 Bedrooms
$3,700
Results within 1 miles of Troy, MI
411 S OLD WOODWARD Avenue
Downtown Birmingham
Birmingham, MI
Updated September 21 at 6:30am UTC
1 Bedroom
$2,000
24800 Warner #450
Southwest Warren
Warren, MI
Updated September 21 at 6:31am UTC
Studio
$450
100 W 5th Street
Downtown Royal Oak
Royal Oak, MI
Updated September 21 at 6:31am UTC
2 Bedrooms
$2,995
Results within 5 miles of Troy, MI
422 FOX HILLS Drive N
Bloomfield Hills
Bloomfield Hills, MI
Updated September 20 at 11:48am UTC
1 Bedroom
$975
3602 Benjamin Ave
Royal Oak
Royal Oak, MI
Updated September 19 at 12:34pm UTC
3 Bedrooms
$1,699
1057 N OLD WOODWARD Avenue
Birmingham
Birmingham, MI
Updated September 19 at 5:24am UTC
2 Bedrooms
$3,500
4464 Berkshire Dr
Sterling Heights
Sterling Heights, MI
Updated September 13 at 3:28pm UTC
2 Bedrooms
$2,400
707 W 13 Mile Road
Royal Oak
Royal Oak, MI
Updated September 10 at 2:41am UTC
1 Bedroom
$1,300
2545 N OPDYKE Road
Auburn Hills
Auburn Hills, MI
Updated August 12 at 10:12am UTC
Studio
$994
2603 Manchester Road
Birmingham
Birmingham, MI
Updated September 7 at 2:56am UTC
2 Bedrooms
$1,675
Results within 10 miles of Troy, MI
35300 WOODWARD Avenue
Birmingham
Birmingham, MI
Updated August 27 at 11:01pm UTC
2 Bedrooms
$2,500
804 N MAIN Street
Downtown Rochester
Rochester, MI
Updated September 17 at 2:58am UTC
1 Bedroom
$2,699
756 E FOX HILLS Drive
Bloomfield Hills
Bloomfield Hills, MI
Updated September 10 at 10:28pm UTC
1 Bedroom
$1,150
307 PARK Avenue
Downtown Royal Oak
Royal Oak, MI
Updated September 7 at 10:42pm UTC
2 Bedrooms
$2,175
301 PARK Avenue
Royal Oak
Royal Oak, MI
Updated September 3 at 2:29am UTC
2 Bedrooms
$2,075
2741 Patrick Henry St
Oakland Valley
Auburn Hills, MI
Updated August 18 at 9:38am UTC
1 Bedroom
$1,560

September 2018 Troy Rent Report

Welcome to the September 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

September 2018 Troy Rent Report

Welcome to the September 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 1.2% in comparison to the same time last year. Currently, median rents in Troy stand at $1,010 for a one-bedroom apartment and $1,320 for a two-bedroom. This is the second 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 1.1%, as well as the national average of 1.0%.

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, 8 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 $880; the city has also seen rents fall by 1.6% 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 $1,320; 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 1.1% over the past year. For example, rents have grown by 1.6% in Lansing and 1.6% in Grand Rapids.
  • Troy's median two-bedroom rent of $1,320 is above the national average of $1,180. Nationwide, rents have grown by 1.0% over the past year compared to the 1.2% rise in Troy.
  • While Troy's rents rose slightly over the past year, many cities nationwide saw decreases, including Baltimore (-2.1%), Chicago (-1.6%), and El Paso (-1.2%).
  • 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 -0.1% 0.6%
Warren $770 $1,000 -0.5% 6.3%
Sterling Heights $820 $1,070 -0.3% 1.1%
Dearborn $1,010 $1,320 0.4% 1.8%
Westland $740 $960 -0.1% 1.3%
Troy $1,010 $1,320 0.5% 1.2%
Southfield $900 $1,170 -0.0% 1.1%
Taylor $670 $880 -0.6% -1.6%
Pontiac $730 $940 0.2% 1.2%
Royal Oak $830 $1,080 -0.2% -0.1%
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.