Cheap Apartments for Rent in Troy, MI from $300 (166 Rentals)

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

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The Gables of Troy
Rent Specials
$1,235 - $1,594
Total Monthly Price

Total Monthly Price

Base Rent
$1,235 - $1,594
Total Monthly Price
$1,235 - $1,594
1 to 2 Bedroom Apartments Available Now

The Gables of Troy

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

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.

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property at 1840 Axtell Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1 Bath Condo for Rent

Available Now

1840 Axtell Dr, Unit 1

1840 Axtell Dr
TroyMI48084

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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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
property at 3804 Samuel Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

Studio, 1 Bath Home for Rent

Available Jul 1

3804 Samuel Ave, Unit Furnished Studio

3804 Samuel Ave
Rochester HillsMI48309

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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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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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.

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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 Fries Park neighborhood priced from $895. Sterling Troy Apartments in the Warren Con neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. 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
Sterling Troy Apartments1 Bedroom HALL ENTRY1BR,1BA$899
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$900
Amber's Timber LodgesMini FlatsStudio,1BA$925
Emerald Apartments1 Bedroom Apartment in Convenient Madison Heigh...1BR,1BA$925
Lexington VillageRevere1BR,1BA$935
Altitude Apartments East1 Bed / 1 Bath1BR,1BA$950
amber's Broadacre ApartmentsStudioStudio,1BA$955
Amber ApartmentsMediterranean 1- Standard1BR,1BA$959
PhilamerOne Bed1BR,1BA$1,000

Best Value Apartments for Rent in Troy, MI

As of June 20, 2026 the best value apartment in the Troy area is the $1.15 price per square foot **TWO MONTHS FREE!!** 2 Bed / 1 Bath Birmingha... Model at Putney Townhomes in the in the Birmingham Villas 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.
Putney Townhomes**TWO MONTHS FREE!!** 2 Bed / 1 Bath Birmingha...2BR,1BA$1.15
Amber Oak Townhomes2 bedroom + den + 2 1/2 bath townhome2BR,2.5BA$1.23
Lake Village of Rochester HillsThe Elmwood Premium (Upper Level) SS2BR,2BA$1.22
Rochester Villas3 Bed3BR,1.5BA$1.26
Spring Hill2 Beds | 2 Baths2BR,2BA$1.01
Parkview ApartmentsOne Bedroom1BR,1BA$1.17
Sterling Heights Apartments1x11BR,1BA$1.11
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$1.20
Sterling Troy Apartments1 BD Private Entry1BR,1BA$1.27
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.

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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

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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.

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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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Troy, MI
Population: 84,272

Ranked #406

in US Census Population by City

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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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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 $899 at Sterling Troy 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 $1,010 at Devon Park 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 $1,520.

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

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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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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.

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The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown

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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.

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

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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.

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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.

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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.

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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.

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.