
Cheap Homes for Rent in Troy, IN from $800 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Troy.


606 Main St

1409 Vine St

920 Sycamore St

1044 N Eskew Rd

100 Orchard Hill Dr
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.

506 Hall St

532 Orchard St

439 7th St

1710 13th St

2127 Village Run

2513 Strickland Dr
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.
Troy, IN Local Guide

How much does it cost to rent a home in Troy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Troy 2 Bedroom Homes for Rent | $1,117 | $850 | $1,425 |
| Troy 3 Bedroom Homes for Rent | $1,792 | $900 | $3,500 |
| Troy 4 Bedroom Homes for Rent | $1,665 | $1,395 | $2,200 |
Browse Top Homes for Rent in Troy
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Troy, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shannon Glenn | McConnell | 2BR,1BA | $710 |
| Legion Park & Heartwood Court Apartments | Legion 1 Bed | 1BR,1BA | $750 |
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $750 |
| Devonshire Gardens I & II | II 1 Bed 1 Bath B | 1BR,1BA | $770 |
| The Timbers Apartments | The Oak 1 BR 1 BA | 1BR,1BA | $773 |
Best Value Apartments for Rent in Troy, IN and Nearby
As of June 22, 2026 the best value apartment in the Troy area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Royal Arms of Owensboro in the starting from $1,330. The second greatest value Troy apartment is the 3 Bed, 2 Bath Model at The Westcott starting at $1,499 with a $1.15 price per square foot in the Fielding Court neighborhood. 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. |
|---|---|---|---|
| Royal Arms of Owensboro | 3 Bedroom 2 Bath | 3BR,2BA | $0.95 |
| The Westcott | 3 Bed, 2 Bath | 3BR,2BA | $1.15 |
| Indian Woods | The Oak | 2BR,1BA | $0.95 |
| Andrea Court North | 2BR/1.0BA | 2BR,1BA | $1.03 |
| River Club | Columbia - Renovated | 1BR,1BA | $1.14 |
| Kimber Green Apartments | The Maple (Up) | 1BR,1BA | $1.15 |
| Abbey Court Apartments | Cambridge | 1BR,1BA | $1.15 |
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $1.07 |
| Devonshire Gardens I & II | II 1 Bed 1 Bath B | 1BR,1BA | $1.15 |
| Legion Park & Heartwood Court Apartments | Legion 1 Bed | 1BR,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.
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 Troy
What type of rentals are currently available in Troy?
There are currently 39 Apartments for Rent in Troy, IN with pricing that ranges from $600 to $4,449. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Troy ranging from $800 to $3,500.
What is the current price range for Rental Homes in Troy?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Troy ranges from $800 to $3,500 with an average monthly rent of $1,309.
How much are larger Three and Four Bedroom Rentals in Troy?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Troy range from $1,285 to $3,605, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,849.
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.