Cheap Apartments for Rent in Troy, MI from $895 (209 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
$1,255 - $1,624

Total Monthly Price

Base Rent$1,255 - $1,624
Total Monthly Price$1,255 - $1,624
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.

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Buckingham Square
$1,355 - $1,555

Total Monthly Price

Base Rent$1,355 - $1,555
Total Monthly Price$1,355 - $1,555
1 to 2 Bedroom Apartments Available Now

Buckingham Square

3100 Glouchester AveTroy, MI 48084
Corporate Housing
  • Verified
  • 3D Tour
property at 55 Vermont Dr
$1,650

Total Monthly Price

Base Rent$1,650
Total Monthly Price$1,650
2 Bedroom, 1 Bath Home for Rent
Available Now

55 Vermont Dr

TroyMI48083

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.

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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

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.

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property at 1031 Arthur Ave
$1,800

Total Monthly Price

Base Rent$1,800
Total Monthly Price$1,800
3 Bedroom, 1 Bath Home for Rent
Available Now

1031 Arthur Ave

TroyMI48083
property at 1775 Brentwood
$1,850

Total Monthly Price

Base Rent$1,850
Total Monthly Price$1,850
2 Bedroom, 2 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

1775 Brentwood, Unit 344

1775 Brentwood
TroyMI48098

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.

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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.

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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 Creek Apartments in the Troy neighborhood priced from $895. Emerald Apartments in the Madison Heights neighborhood has the second lowest priced unit, which is a 1 Bed 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
Emerald Apartments1/1 Standard1BR, 1BA$925
Charles HamletOne Bedroom1BR, 1BA$925
Amber's Timber LodgesMini FlatsStudio, 1BA$925
Lexington VillageRevere1BR, 1BA$935
Altitude Apartments East1 Bed / 1 Bath1BR, 1BA$950
amber's Broadacre ApartmentsStudioStudio, 1BA$955
PhilamerOne Bed1BR, 1BA$1,000
President Madison ApartmentsPrinceton1BR, 1BA$1,003
Sterling Troy Apartments1 Bedroom HALL ENTRY1BR, 1BA$1,030

Best Value Apartments for Rent in Troy, MI

As of September 19, 2026 the best value apartment in the Troy area is the $1.07 price per square foot Two Bedroom / Two Bathroom Model at Worth Street Residences in the Birmingham Villas neighborhood starting from $1,975. The second greatest value Troy apartment is the Three Bedroom Model at Amberwood Townhomes in the Troy neighborhood starting at $2,295 with a $1.40 price per square foot. 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.
Worth Street ResidencesTwo Bedroom / Two Bathroom2BR, 2BA$1.07
Amberwood TownhomesThree Bedroom3BR, 3.5BA$1.40
Amber Oak Townhomes2 bedroom + den + 2 1/2 bath townhome2BR, 2.5BA$1.23
Ashford ApartmentsArlington II2BR, 2BA$1.36
Emerald ApartmentsBeautifully Renovated Townhome - 13 Mile and Jo...2BR, 1.5BA$1.31
Lake Village of Rochester HillsThe Elmwood Premium (Upper Level) SS2BR, 2BA$1.22
Sterling Heights Apartments2x12BR, 1BA$0.92
Charles HamletTwo Bedroom2BR, 2BA$1.20
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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 $925 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 $1,100 at Sterling Heights 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.

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