Cheap Apartments for Rent in Troy, MI from $300 (126 Rentals)

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

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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920 John R Rd
1 to 2 Bedroom Apartments

920 John R Rd

920 John R RdTroy, MI 48083
Senior Living
  • Utilities Included

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 Villa
2 to 3 Bedroom Apartments

Troy Villa

2100 Stephenson HwyTroy, MI 48083
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Check Out Detroit’s Best Affordable Neighborhoods

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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 Fries Park neighborhood priced from $875. Amber Creek Apartments in the Fries Park 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
amber's Broadacre ApartmentsStudioStudio,1BA$945
Rochester House ApartmentsOne Bedroom1BR,1BA$950
Warren Club1 bed 1 bath1BR,1BA$970
Philamer1 Bed, 1 bath1BR,1BA$975
Lexington VillageRevere1BR,1BA$990
Altitude Apartments East ( Ferndale 28 LLC)Altitude Apartments - One Bedroom (Renovated) *...1BR,1BA$995
The Gables of TroyThe Quinn 1 bed 1 bath1BR,1BA$1,000

Best Value Apartments for Rent in Troy, MI

As of June 26, 2025 the best value apartment in the Troy area is the $1.21 price per square foot Bloomfield II - Balcony Unit with Private Entry... Model at Ashford Apartments in the in the McGregor neighborhood starting from $1,890. 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.
Ashford ApartmentsBloomfield II - Balcony Unit with Private Entry...2BR,2BA$1.21
Amber Oak Townhomes2 bedroom + den + 2 1/2 bath townhome2BR,2.5BA$1.23
Spring Hill3 Beds | 2 Baths3BR,2BA$1.13
Rochester Villas3 Bed3BR,1.5BA$1.30
Charles HamletTwo Bedroom2BR,2BA$1.02
Bloomfield VillasHackenbush2BR,2BA$1.28
Oakwood Villa Apartments2 Bedroom2BR,1BA$1.30
The Gables of TroyThe Quinn 1 bed 1 bath1BR,1BA$1.25
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$1.20
Philamer1 Bed, 1 bath1BR,1BA$1.32

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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Pet Friendly Lifestyle
Troy, MI

Ranked #5

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 $1,020 at Charles Hamlet.

What is the most affordable Troy Three Bedroom Apartment?

The best deal on a cheap Troy Three Bedroom Apartment rental is at Spring Hill and starts from $1,358.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.