
Cheap Homes for Rent near Troy, IN from $800 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Troy.


5054 IN-56

606 Main St

506 E 20th St

499 Hornback Farms Ln
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.

5492 Red Mile Loop

1106 Red Roof Dr

1107 Red Roof Dr

37 Cedar Ln

31 W 1st 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.

1102 Red Roof Dr

439 7th St

435 7th St

4152 Bell Rd

693 Chuck Gray Ct
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.

1012 Holly Ave
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 | $1,250 | $930 | $1,800 |
| Troy 3 Bedroom Homes for Rent | $1,809 | $850 | $3,500 |
| Troy 4 Bedroom Homes for Rent | $1,850 | $1,400 | $2,300 |
Browse Top Homes for Rent in Troy
Explore Troy
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. Meadowood in the Warrick County neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $720. 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 |
| Meadowood | Studio Reno | Studio,1BA | $720 |
| 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 A | 1BR,1BA | $785 |
Best Value Apartments for Rent in Troy, IN and Nearby
As of August 08, 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 The Willow Townhome Model at Kimber Green Apartments starting at $1,149 with a $1.10 price per square foot in the Lant Manor 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 |
| Kimber Green Apartments | The Willow Townhome | 2BR,1.5BA | $1.10 |
| East Meadows Apartment Homes | East Meadows - 2/2 - 2nd Floor | 2BR,2BA | $1.25 |
| River Club | Delaware - Renovated | 2BR,1BA | $1.16 |
| Indian Woods | The Oak | 2BR,1BA | $0.95 |
| Andrea Court North | Andrea Court North | 2BR,1BA | $1.03 |
| Abbey Court Apartments | Cambridge | 1BR,1BA | $1.08 |
| Pavilion Lakes Apartments | The Michigan | 1BR,1BA | $1.25 |
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $1.07 |
| 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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See the most popular apartments and homes in Troy, IN
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 39 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 $1,466.
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 $1,249 to $2,866, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,400 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

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.

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.

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.

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.