Cheap Apartments for Rent in New Troy, MI from $500 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in New Troy.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The Belfry
2 to 4 Bedroom Apartments

The Belfry

744 N Notre Dame AveSouth Bend, IN 46617
Student Housing

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-32, Page 1 of 1

New Troy, MI Local Guide

Cheapest Available New Troy Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Troy, MI is a Studio unit found at Lakecrest Apartments priced from $765. Midway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here is today’s list of the most affordable New Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakecrest ApartmentsDinghyStudio,1BA$765
Midway ApartmentsOne Bedroom1BR,1BA$785
Briarwood ApartmentsOne Bedroom1BR,1BA$799
Legacy on MainStudioStudio,1BA$800
Park Manor ApartmentsOne Bedroom1BR,1BA$820
Indian Springs ApartmentsTHE CARLISLE1BR,1BA$829
Castle PointBalmoral1BR,1BA$900
Coolspring Estates Apartments1 Bedroom/1 Bath1BR,1BA$925
Harter Heights PlaceScotsmanStudio,1BA$1,000
The Courts and Royal Oaks Apartments LLCRoyal Oaks one bedroom1BR,1BA$1,015

Best Value Apartments for Rent in New Troy, MI and Nearby

As of June 25, 2025 the best value apartment in the New Troy area is the $0.58 price per square foot 3x3 Model at University Edge in the in the Council Oak neighborhood starting from $725. The second greatest value New Troy apartment is the Courts two bedroom upgraded Model at The Courts and Royal Oaks Apartments LLC starting at $1,125 with a $1.04 price per square foot in the Trail Creek neighborhood. Here is today’s list of the best values for New Troy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Edge3x33BR,3BA$0.58
The Courts and Royal Oaks Apartments LLCCourts two bedroom upgraded2BR,2BA$1.04
Griffin Estates ApartmentsTwo Bedroom2BR,1BA$1.27
Legacy on MainTwo Bedroom2BR,1BA$1.33
Golden Oak Village2 Bedroom Renovated2BR,1BA$1.24
Coolspring Estates Apartments1 Bedroom/1 Bath1BR,1BA$1.10
Long Beach Cove Villa ApartmentsWAITLIST APPLICATION - 1 BEDROOM1BR,1BA$1.36
Indian Springs ApartmentsTHE OSCEOLA1BR,1BA$1.33
Midway ApartmentsOne Bedroom1BR,1BA$1.31
Briarwood ApartmentsOne Bedroom1BR,1BA$1.42

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore New Troy, MI Rentals by Map

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See the most popular apartments and homes in New Troy, MI

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Getting Around New Troy, MI

Walk Score®

14 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

34 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap New Troy Apartments

What is the Cheapest Studio apartment in New Troy?

Currently the most affordable Cheap Studio Apartment in New Troy is at Lakecrest Apartments listed at $765.

How much is rent for a Cheap One Bedroom New Troy Apartment?

The lowest price for a Cheap One Bedroom New Troy Apartment is $785 at Midway Apartments.

What is the lowest price for a Cheap Two Bedroom New Troy Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Troy is starting from $920 at Park Manor Apartments.

What is the most affordable New Troy Three Bedroom Apartment?

The best deal on a cheap New Troy Three Bedroom Apartment rental is at Indian Springs Apartments and starts from $1,204.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.