
Cheap Apartments for Rent in Troy, IL from $700 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Troy.


523 Lone Robin St

Meadow Drive Apartments

309 S Ash St

Rocwood Apartments

Flax Meadow Townhomes

Broadway Place

Cedar Point Apartments
St. Louis Living: Your Local Expert's Guide to Neighborhoods and Renting
Moving to St. Louis? Get the ultimate insider's guide to the city's neighborhoods, from the historic CWE to residential Shaw. Find your perfect apartment and settle in like a local.

The Georgetown Apartments

Wilson Apartments

2121 N Center St

Shiloh Commons Holdings

Metro Apartments at Wood River

Metro Apartments at Granite City

Chouteau Bay Apartments

Metro Apartments At Collinsville
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.

Green Door Apartments

Storyboard on Park Terrace

Parkview

Winchester Place Apartments

Storyboard on Lancashire

1118 E 3rd St

Storyboard on Park Entrance

Storyboard on Hayden
From Arch to Apartment: The St. Louis Insider's Guide to Renting Near the Area's Top Employers
The St. Louis Insider's Guide to renting near BJC, WashU, Boeing, SSM Health, and Anheuser-Busch. Find your perfect neighborhood to balance commute, lifestyle, and budget.

Villas At Crystal Lake

Falcon Place Townhomes

Fairfield Place

Cedars of Lebanon Apartments

605 Walnut St. Apartments

Highland Villas Apartments - 55+ Senior

Lakewood Estates

2705 College
St. Louis's Best Affordable Neighborhoods
Learn about St. Louis and the best places to live with original content written by our St. Louis, MO Local Expert Taryn Shorr-Mckee

Village Court

20 Coachlight Trailer Park

104 Lee Dr

1104 Arrowhead Dr

101 Sandridge Dr

1 Coachlight Trailer Park

Linwood Apartments

11 W Perry St
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.

Crown Pointe Townhomes - Shiloh

403 W Hwy 50

932 Mace's Grove St
Troy, IL Local Guide

How much does it cost to rent an apartment in Troy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Troy Studio Apartments | $775 | $775 | $775 |
| Cheap Troy 1 Bedroom Apartments | $1,548 | $700 | $2,240 |
| Cheap Troy 2 Bedroom Apartments | $1,628 | $715 | $2,829 |
| Cheap Troy 3 Bedroom Apartments | $1,898 | $859 | $2,869 |
| Cheap Troy 4 Bedroom Apartments | $1,871 | $809 | $3,206 |
Browse Top Apartments in Troy
See all Apartments in TroyExplore Troy
Troy, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Troy Apartments for Rent
 The cheapest available apartment rental in Troy, IL is a 1 Bed unit found at Rocwood Apartments in the Wood River neighborhood priced from $700. Broadway Place in the South Roxana neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $752. Here is today’s list of the most affordable Troy apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rocwood Apartments | 1BR Units | 1BR, 1BA | $700 |
| Broadway Place | Two Bedroom Apartment | 2BR, 1BA | $752 |
| The Georgetown Apartments | 1 BEDROOM | 1BR, 1BA | $825 |
| Cedar Point Apartments | One Bedroom Garden | 1BR, 1BA | $950 |
| Metro Apartments at Wood River | 1BR/1B Thompson | 1BR, 1BA | $1,000 |
| Green Door Apartments | 1BR/1B B | 1BR, 1BA | $1,050 |
| Storyboard on Park Terrace | Park Terrace B1 | 2BR, 1BA | $1,150 |
| Metro Apartments At Collinsville | 2BR/1B Upgraded | 2BR, 1BA | $1,150 |
| Shiloh Commons Holdings | B2 2 Bed | 1 Bath | 2BR, 1BA | $1,159 |
| Metro Apartments at Granite City | 2BR/1B TH | 2BR, 1BA | $1,200 |
Best Value Apartments for Rent in Troy, IL
As of September 22, 2026 the best value apartment in the Troy area is the $0.92 price per square foot 4 Bd Townhouse Model at BSB Apartments in the Metro East neighborhood starting from $1,600. The second greatest value Troy apartment is the Hayden B1 Model at Storyboard on Hayden in the Metro East neighborhood starting at $1,350 with a $1.08 price per square foot. Here is today’s list of the best values for Troy apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| BSB Apartments | 4 Bd Townhouse | 4BR, 2BA | $0.92 |
| Storyboard on Hayden | Hayden B1 | 2BR, 2.5BA | $1.08 |
| Statewood Manor | Duplex | 2BR, 1BA | $1.32 |
| 1118 E 3rd St | 2 Beds, 1 bath | 2BR, 1BA | $1.18 |
| Storyboard on Lancashire | Lancashire B1 | 2BR, 1BA | $1.18 |
| Metro Apartments at Granite City | 2BR/1B TH | 2BR, 1BA | $1.20 |
| Green Door Apartments | Save up to $500 off Move In Costs with your EXC... | 2BR, 1BA | $1.28 |
| Metro Apartments At Collinsville | 2BR/1B Upgraded | 2BR, 1BA | $1.28 |
| Broadway Place | Two Bedroom Apartment | 2BR, 1BA | $1.03 |
| Rocwood Apartments | 1BR Units | 1BR, 1BA | $1.13 |
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 ArticleLocal Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the St. Louis, MO metro area for affordable living. Find your perfect Student apartment, condo, or rental home today at apartmenthomeliving.com
Read ArticleNavigating 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.
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!
Explore Troy, IL Rentals by Map
See the most popular apartments and homes in Troy, IL
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 $700 at Rocwood 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 $752 at Broadway Place.
What is the most affordable Troy Three Bedroom Apartment?
The best deal on a cheap Troy Three Bedroom Apartment rental is at Broadway Place and starts from $859.
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.
Helpful Local Expert Guides

St. Louis Living: Your Local Expert's Guide to Neighborhoods and Renting
Written by: Taryn Shorr-Mckee
St. Louis is a historic city of neighborhoods — nearly 80 of them — each with its own personality, rhythm, and everyday comforts.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in St. Louis
Written by: Taryn Shorr-Mckee
Finding the right neighborhood to rent near your St. Louis college or university isn’t just about convenience.

A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in St. Louis
Written by: Taryn Shorr-Mckee
I’m Taryn, your ApartmentHomeLiving.com team Local Expert for St. Louis, Missouri. Nicknamed “a city of neighborhoods,” St. Louis has nearly 80 distinct communities, each with unique characteristics setting it apart from others.
Articles, How-To's, and Tips

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.