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158 Studio Apartments for rent in Troy, MI

Last updated November 14 at 2:16am UTC
2891 E Maple
Troy
Troy, MI
Updated November 14 at 2:15am UTC
Studio
$872
2820 W MAPLE Road
The Transit Center
Troy, MI
Updated November 14 at 2:13am UTC
Studio
$450
120 W Maple
Maple Road
Troy, MI
Updated November 5 at 2:33pm UTC
Studio
$2,342
1175 E FOURTEEN MILE Road
Troy
Troy, MI
Updated October 20 at 6:34am UTC
Studio
$3,500
1910 LARCHWOOD Drive
The Smart Zone
Troy, MI
Updated October 10 at 3:14am UTC
Studio
$1,995
1565 W BIG BEAVER Road
Downtown Troy
Troy, MI
Updated July 13 at 10:44pm UTC
Studio
$2,500
2298 Auburn
, MI
Updated November 5 at 2:33pm UTC
Studio
$6,490
Results within 1 miles of Troy, MI
31323 Dequindre Road
Madison Heights
Madison Heights, MI
Updated November 5 at 2:31pm UTC
Studio
$850
2266 Auburn Rd
, MI
Updated August 17 at 10:06am UTC
Studio
$1,550
32044 WOODWARD Avenue
Royal Oak
Royal Oak, MI
Updated July 14 at 10:19am UTC
Studio
$5,900
Amber Apartments of Royal Oak
3807 Crooks Road
Royal Oak, MI
Updated November 14 at 1:18am UTC
Studio
$690
39393 Van Dyke
Sterling Heights
Sterling Heights, MI
Updated November 14 at 2:16am UTC
Studio
$1,275
3282 AUBURN RD
Utica
Utica, MI
Updated November 14 at 2:15am UTC
Studio
$1,600
Results within 5 miles of Troy, MI
24800 Warner #200
Southwest Warren
Warren, MI
Updated November 14 at 2:15am UTC
Studio
$1,000
2545 N OPYDKE Road
Auburn Hills
Auburn Hills, MI
Updated November 13 at 1:56pm UTC
Studio
$4,238
307 Park
Downtown Royal Oak
Royal Oak, MI
Updated November 13 at 9:36am UTC
Studio
$1,475
42560 Van Dyke
Sterling Heights
Sterling Heights, MI
Updated November 12 at 11:03pm UTC
Studio
$2,000
35957 Mound
Sterling Heights
Sterling Heights, MI
Updated November 12 at 11:03pm UTC
Studio
$2,800
920 E Long Lake
Rochester Road
Troy, MI
Updated September 25 at 5:00am UTC
Studio
$1,329
166 W Maple
Maple Road
Troy, MI
Updated July 26 at 7:01am UTC
Studio
$7,207
43184 Dequindre
Sterling Heights
Sterling Heights, MI
Updated November 5 at 2:32pm UTC
Studio
$2,501
141 W 13 Mile
Madison Heights
Madison Heights, MI
Updated October 5 at 10:51pm UTC
Studio
$1,300

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.