Cheap Apartments for Rent near Troy, IN from $500 (49 Rentals)

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

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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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
  • Utilities Included
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Fairmont Apartments
Studio to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
  • Utilities Included

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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Andrea Court North
2 Bedroom Apartments

Andrea Court North

8955 Andrea CtNewburgh, IN 47630
Senior Living
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Legacy Commons
1 to 2 Bedroom Apartments

Legacy Commons

630 Chuck Gray CtOwensboro, KY 42303
  • Utilities Included
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RNA RENTAL
1 to 3 Bedroom Apartments

RNA RENTAL

1811 Carter RdOwensboro, KY 42301

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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Showing Results 1-49, Page 1 of 1

Troy, IN Local Guide

Cheapest Available Troy Apartments for Rent and Nearby

 

The cheapest available apartment rental in Troy, IN is a 2 Beds unit found at Shannon Glenn in the Lant Manor neighborhood priced from $710. Legion Park & Heartwood Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shannon GlennMcConnell2BR,1BA$710
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Ambassador VillasAmbassador 1 BD1BR,1BA$750
Abbey Court ApartmentsCambridge1BR,1BA$840
Devonshire Gardens I & IIII 1 Bed 1 Bath C1BR,1BA$860
The Timbers ApartmentsThe Walnut 1 BR 1 BA1BR,1BA$877
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$895
Kimber Green ApartmentsThe Maple (Up)1BR,1BA$899
Pavilion Lakes ApartmentsThe Michigan1BR,1BA$899
Andrea Court NorthAndrea Court North2BR,1BA$925

Best Value Apartments for Rent in Troy, IN and Nearby

As of July 14, 2026 the best value apartment in the Troy area is the $1.17 price per square foot Yukon Model at River Club in the in the Lant Manor neighborhood starting from $2,046. The second greatest value Troy apartment is the 3 Bedroom 2 Bath Model at Royal Arms of Owensboro starting at $1,330 with a $0.95 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.
River ClubYukon3BR,3.5BA$1.17
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
The Westcott3 Bed, 2 Bath3BR,2BA$1.15
Indian WoodsThe Oak2BR,1BA$1.05
Andrea Court NorthAndrea Court North2BR,1BA$1.03
Kimber Green ApartmentsThe Maple (Up)1BR,1BA$1.15
Abbey Court ApartmentsCambridge1BR,1BA$1.13
Ambassador VillasAmbassador 1 BD1BR,1BA$1.07
Devonshire Gardens I & IIII 1 Bed 1 Bath C1BR,1BA$1.24
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$1.25

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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Quick 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.

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

Explore Troy, IN Rentals by Map

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See the most popular apartments and homes in Troy, IN

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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 $750 at Legion Park & Heartwood Court 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 $710 at Shannon Glenn.

What is the most affordable Troy Three Bedroom Apartment?

The best deal on a cheap Troy Three Bedroom Apartment rental is at Royal Arms of Owensboro and starts from $1,330.

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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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.

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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.

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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.