Cheap Apartments for Rent in Troy, MI from $300 (194 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
The Gables of Troy
$1,255 - $1,714
Total Monthly Price

Total Monthly Price

Base Rent
$1,255 - $1,714
Total Monthly Price
$1,255 - $1,714
1 to 2 Bedroom Apartments Available Now

The Gables of Troy

500 Coachman DrTroy, MI 48083
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.

Read Article

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.

Read Article
property at 5131 Buckingham

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

3 Bedroom, 1.5 Bath Condo for Rent

Available Now

5131 Buckingham, Unit 1

5131 Buckingham
TroyMI48098
close
View Me
920 On the Park
1 to 2 Bedroom Apartments

920 On the Park

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

Troy Villa

2100 Stephenson HwyTroy, MI 48083
  • Utilities Included

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Explore the best residential neighborhoods and apartment options near major employers like GM, Ford, Stellantis, Rocket Companies, and Corewell Health. Find your perfect Motor City home.

Read Article
property at 1130 Birchwood Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1 Bath Home for Rent

Available Now

1130 Birchwood Ave

TroyMI48083
property at 3804 Samuel Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

Studio, 1 Bath Home for Rent

Available Now

3804 Samuel Ave, Unit Furnished Studio

3804 Samuel Ave
Rochester HillsMI48309

The Detroit Insiders Renting Guide: A Local's Look Under the Hood

Moving to Detroit? Get the local breakdown on affordable rental options, easy commutes, and how to navigate the People Mover and Q-Line downtown.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 4

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 Creek Apartments in the Troy neighborhood priced from $895. Amber's Timber Lodges in the Clawson neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
Amber's Timber LodgesMini FlatsStudio,1BA$925
Charles HamletOne Bedroom1BR,1BA$950
amber's Broadacre ApartmentsStudioStudio,1BA$955
Lexington VillageRevere1BR,1BA$970
Emerald Apartmentssummer special - RENOVATED W/STAINLESS, PLANK, ...1BR,1BA$975
Amber ApartmentsScandinavian 1- Standard1BR,1BA$984
Woodland Gardens1 BEDROOM 1 BATH1BR,1BA$990
Legacy Manor1 Bedroom1BR,1BA$995
PhilamerOne Bed1BR,1BA$1,000

Best Value Apartments for Rent in Troy, MI

As of August 04, 2026 the best value apartment in the Troy area is the $1.34 price per square foot The Solomon Model at Townhomes of Caswell in the in the Route 59 neighborhood starting from $2,575. The second greatest value Troy apartment is the 2 Bed / 1 Bath Birmingham, Poppleton Park Town... Model at Putney Townhomes starting at $1,890 with a $1.15 price per square foot in the Birmingham Villas 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$1.34
Putney Townhomes2 Bed / 1 Bath Birmingham, Poppleton Park Town...2BR,1BA$1.15
Amber Oak Townhomes2 bedroom + den + 2 1/2 bath townhome2BR,2.5BA$1.23
Sterling Heights Apartments2x12BR,1BA$0.92
Spring Hill2 Beds | 2 Baths2BR,2BA$1.04
Charles HamletTwo Bedroom2BR,2BA$1.20
Residences of TroyTelegraph - 2 Bed, 1 Bath2BR,1BA$1.30
Amber ApartmentsScandinavian 1- Standard1BR,1BA$1.09
Parkview ApartmentsOne Bedroom1BR,1BA$1.17
PhilamerOne Bed1BR,1BA$1.35

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 Article
Decorative image

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Troy, MI
Population: 84,272

Ranked #406

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

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

decorative image of woman handing cat to small boy

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

Explore Troy, MI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Troy, MI

View Map
Troy, MI Apartments Map
View Map
Troy, MI Rental Homes Map

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 Creek Apartments listed at $895.

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

The lowest price for a Cheap One Bedroom Troy Apartment is $950 at Charles Hamlet.

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 $1,023 at Troy Village Apartments.

What is the most affordable Troy Three Bedroom Apartment?

The best deal on a cheap Troy Three Bedroom Apartment rental is at Amber Creek Apartments and starts from $1,575.

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.

Helpful Local Expert Guides

decorative image for Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide article

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.

decorative image for Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers article

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Written by: Tim Brown

The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.

decorative image for The Detroit Insider's Renting Guide: A Locals Look Under the Hood of Motown article

The Detroit Insider's Renting Guide: A Locals Look Under the Hood of Motown

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 and have witnessed the city and its surrounding metro area undergo a renaissance.

decorative image for The Best Detroit Area Neighborhoods for Off-Campus Housing Renters article

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

Written by: Tim Brown

Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.