Cheap Apartments for Rent in Troy, AL from $400 (49 Rentals)

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

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University Corners
Rent Specials
$479 - $550
Total Monthly Price

Total Monthly Price

Base Rent
$479 - $550
Total Monthly Price
$479 - $550
1 to 4 Bedroom Apartments Available Now

University Corners

250 University AveTroy, AL 36081
Student Housing
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  • Utilities Included
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Wooddale Apartments
$625 - $740
Total Monthly Price

Total Monthly Price

Base Rent
$625 - $740
Total Monthly Price
$625 - $740
1 Bedroom Apartments Contact Us For Availability

Wooddale Apartments

600 Folmar StTroy, AL 36081
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Oakdale Apartments
1 Bedroom Apartments

Oakdale Apartments

802 Park StTroy, AL 36081
  • Utilities Included
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Forest Acres
3 Bedroom Apartments

Forest Acres

1717 Elba HwyTroy, AL 36079

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Brentwood Estates
$665 - $900
Total Monthly Price

Total Monthly Price

Base Rent
$665 - $900
Total Monthly Price
$665 - $900
1 to 3 Bedroom Apartments Contact Us For Availability

Brentwood Estates

3639 Woodley RdMontgomery, AL 36116
Affordability
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  • Customer Reviewed
  • Utilities Included
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The Eastern
$699 - $1,099
Total Monthly Price

Total Monthly Price

Base Rent
$699 - $1,099
Total Monthly Price
$699 - $1,099
1 to 3 Bedroom Apartments Available Now

The Eastern

4220 Strathmore DrMontgomery, AL 36116
Affordability
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  • Customer Reviewed
  • 3D Tour

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Greenbriar Apartments
$795 - $895
Total Monthly Price

Total Monthly Price

Base Rent
$795 - $895
Total Monthly Price
$795 - $895
1 to 2 Bedroom Apartments Contact Us For Availability

Greenbriar Apartments

4604 Virginia Loop RdMontgomery, AL 36116
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Magnolia Trace
2 Bedroom Apartments

Magnolia Trace

8230 Park CrossingMontgomery, AL 36117
Senior Living

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.

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Showing Results 1-49, Page 1 of 1

Troy, AL Local Guide

Cheapest Available Troy Apartments for Rent

 

The cheapest available apartment rental in Troy, AL is a 4 Beds unit found at University Corners priced from $535. Susanna Ridge has the second lowest priced unit, which is a 3 Beds apartment currently listed from $600. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Corners4 Bedroom 2 Bath Renovated4BR,2BA$535
Susanna RidgeThree Bedrooms3BR,2BA$600
Wooddale ApartmentsWooddale, Oakdale, Shady Oaks1BR,1BA$625
Beaumont Reserve at Eastern1BR1BA1BR,1BA$645
Forest Haven Apartmentsone bedroom1BR,1BA$650
The Eastern1 Bed / 1 Bath1BR,1BA$699
Eastgate Landing Apartments2 Beds2BR,1BA$720
Greenbriar Apartments1 Bed / 1 Bath1BR,1BA$795
Heron Cove1 BEDROOM1BR,1BA$835
Liberty Square1 Bed1BR,1BA$850

Best Value Apartments for Rent in Troy, AL

As of August 05, 2026 the best value apartment in the Troy area is the $1.01 price per square foot 2 Bedroom 1 Bath 1257sf Model at Elevate 5050 in the in the Halcyon Park neighborhood starting from $1,273. The second greatest value Troy apartment is the Three Bedrooms Model at Susanna Ridge starting at $600 with a $0.52 price per square foot . Here is today’s list of the best values for Troy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Elevate 50502 Bedroom 1 Bath 1257sf2BR,1BA$1.01
Susanna RidgeThree Bedrooms3BR,2BA$0.52
Willow Terrace Apartments3 Bed/2 Bath3BR,2BA$1.00
University Corners4 Bedroom 2 Bath Renovated4BR,2BA$0.49
The Grand at Magnolia PointeB2 - PR2BR,2BA$0.94
Eastgate Landing Apartments2 Beds2BR,1BA$0.83
Liberty Square1 Bed1BR,1BA$1.00
Beaumont Reserve at Eastern1BR1BA1BR,1BA$0.81
The Eastern1 Bed / 1 Bath1BR,1BA$1.02
Forest Haven Apartmentsone bedroom1BR,1BA$1.00

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.

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Real 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.

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Troy, AL

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

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Frequently Asked Questions about Cheap Troy Apartments

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

The lowest price for a Cheap One Bedroom Troy Apartment is $625 at Wooddale Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Troy is starting from $698 at Beaumont Reserve at Eastern.

What is the most affordable Troy Three Bedroom Apartment?

The best deal on a cheap Troy Three Bedroom Apartment rental is at Susanna Ridge and starts from $600.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.