Cheap Apartments for Rent in Troy, MI from $300 (133 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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920 On the Park
1 to 2 Bedroom Apartments

920 On the Park

920 John R RdTroy, MI 48083
Senior Living
  • Utilities Included
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Troy Villa
2 to 3 Bedroom Apartments

Troy Villa

2100 Stephenson HwyTroy, MI 48083
  • Utilities Included

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Troy, MI Local Guide

Cheapest Available Troy Apartments for Rent

 

The cheapest available apartment rental in Troy, MI is a Studio unit found at Amber's Timber Lodges in the Nordwood Estates neighborhood priced from $875. Amber Creek Apartments in the Downtown Troy neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amber's Timber LodgesStudioStudio,1BA$875
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$900
Emerald ApartmentsOne Bedroom1BR,1BA$900
President Madison ApartmentsPrinceton1BR,1BA$912
Woodland Gardens1 BEDROOM 1 BATH1BR,1BA$915
Charles HamletOne Bedroom1BR,1BA$920
amber's Broadacre ApartmentsStudioStudio,1BA$945
Warren Club1 bed 1 bath1BR,1BA$960
Georgian ManorThe Trafalgar1BR,1BA$975

Best Value Apartments for Rent in Troy, MI

As of September 09, 2025 the best value apartment in the Troy area is the $1.30 price per square foot The Solomon Model at Townhomes of Caswell in the in the Route 59 neighborhood starting from $2,500. The second greatest value Troy apartment is the 2 bedroom + den + 2 1/2 bath townhome Model at Amber Oak Townhomes starting at $1,895 with a $1.23 price per square foot in the Downtown Birmingham neighborhood. 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.
Townhomes of CaswellThe Solomon3BR,3BA$1.30
Amber Oak Townhomes2 bedroom + den + 2 1/2 bath townhome2BR,2.5BA$1.23
Ashford ApartmentsArlington II2BR,2BA$1.34
Westbury Village TownhomesAtlantic 3 bed 2.5 bath3BR,2.5BA$1.30
Rochester Villas3 Bed3BR,1.5BA$1.21
Bloomfield VillasHackenbush2BR,2BA$1.26
Rochester House ApartmentsTwo Bedroom2BR,1BA$1.17
Charles HamletOne Bedroom1BR,1BA$1.15
The Gables of TroyThe Quinn 1 bed 1 bath1BR,1BA$1.33
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$1.20

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Troy, MI

Ranked #4

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Troy, MI Rentals by Map

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See the most popular apartments and homes in Troy, MI

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Getting Around Troy, MI

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Troy Apartments

What is the Cheapest Studio apartment in Troy?

Currently the most affordable Cheap Studio Apartment in Troy is at Amber's Timber Lodges listed at $875.

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

The lowest price for a Cheap One Bedroom Troy Apartment is $900 at Devon Park 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 $1,050 at Rochester House Apartments.

What is the most affordable Troy Three Bedroom Apartment?

The best deal on a cheap Troy Three Bedroom Apartment rental is at Rochester Villas and starts from $1,455.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent article

A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.