
Cheap Homes for Rent in New Troy, MI from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in New Troy.


2014 Lathrop St

4414 Huron Cir

618 Superior St

1106 Portage Ave

1083 IN-2
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

729 N Elmer St

3220 Vermont Pl

1621 N Adams St

1513 Wilber St

1329 N Johnson St

1013 W Bryan St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
New Troy, MI Local Guide

How much does it cost to rent a home in New Troy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Troy 2 Bedroom Homes for Rent | $1,283 | $880 | $1,700 |
| New Troy 3 Bedroom Homes for Rent | $1,676 | $1,075 | $2,950 |
| New Troy 4 Bedroom Homes for Rent | $2,074 | $1,532 | $3,000 |
Browse Top Homes for Rent in New Troy
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New Troy, MI Local Guide
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Cheapest Available New Troy Apartments for Rent and Nearby
 The cheapest available apartment rental in New Troy, MI is a 2 Beds unit found at Robertson's Senior Apartments in the Keller Park neighborhood priced from $750. Lakecrest Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here is today’s list of the most affordable New Troy apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Robertson's Senior Apartments | 2 Bedroom | 2BR,1BA | $750 |
| Lakecrest Apartments | Dinghy | Studio,1BA | $790 |
| Midway Apartments | One Bedroom | 1BR,1BA | $800 |
| Castle Point | Balmoral | 1BR,1BA | $905 |
| Briarwood Apartments | One Bedroom | 1BR,1BA | $959 |
Best Value Apartments for Rent in New Troy, MI and Nearby
As of June 21, 2026 the best value apartment in the New Troy area is the $1.18 price per square foot 3 Bedroom/2 Bath Model at Long Beach Cove Villa Apartments in the in the Trail Creek neighborhood starting from $1,735. The second greatest value New Troy apartment is the The Manor Model at The Residences at Belleville Park I and II starting at $1,800 with a $1.32 price per square foot in the Rum Village neighborhood. Here is today’s list of the best values for New Troy apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Long Beach Cove Villa Apartments | 3 Bedroom/2 Bath | 3BR,2BA | $1.18 |
| The Residences at Belleville Park I and II | The Manor | 4BR,2BA | $1.32 |
| The Courts and Royal Oaks Apartments LLC | Courts two bedroom upgraded | 2BR,2BA | $1.04 |
| University Edge | 2x2 | 2BR,2BA | $0.90 |
| Rumely Senior Apartments | 2 BR / 1 Bath (Annex) | 2BR,1BA | $1.11 |
| Robertson's Senior Apartments | 2 Bedroom | 2BR,1BA | $0.85 |
| Coolspring Estates Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1.24 |
| Irish Row | 2X2 | 2BR,2BA | $1.09 |
| The Square | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.33 |
| Midway Apartments | One Bedroom | 1BR,1BA | $1.33 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about New Troy
What type of rentals are currently available in New Troy?
There are currently 50 Apartments for Rent in New Troy, MI with pricing that ranges from $725 to $4,377. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Troy ranging from $700 to $3,000.
What is the current price range for Rental Homes in New Troy?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Troy ranges from $700 to $3,000 with an average monthly rent of $1,427.
How much are larger Three and Four Bedroom Rentals in New Troy?
For those who are looking for larger living arrangements, Three Bedroom Apartments in New Troy range from $780 to $4,377, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,532 and Four Bedroom Apartments start at $777.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.