Cheap Homes for Rent in New Troy, MI from $600 (10 Rentals)

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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.

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.

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 Bed1BR,1BA$785
Legacy on MainStudioStudio,1BA$800

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

As of May 30, 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 Brinkmans 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
Central High & Stephenson Mills ApartmentsA21BR,1BA$1.18
Legacy on MainTwo Bedroom2BR,1BA$1.33
Emerald Pointe ApartmentsTwo Bedroom2BR,1.5BA$1.24
Coolspring Estates Apartments1 Bedroom/1 Bath1BR,1BA$1.10
Irish Row2X22BR,2BA$1.01
The Square1 Bedroom 1 Bathroom1BR,1BA$1.26
Indian Springs ApartmentsTHE OSCEOLA1BR,1BA$1.31
Midway ApartmentsOne Bed1BR,1BA$1.31

Quick Rent Budget Calculator

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Frequently Asked Questions about New Troy

What type of rentals are currently available in New Troy?

There are currently 43 Apartments for Rent in New Troy, MI with pricing that ranges from $509 to $4,230. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Troy ranging from $675 to $3,500.

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 $675 to $3,500 with an average monthly rent of $1,606.

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 $725 to $4,230, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $949.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.