Cheap Apartments for Rent in Troy, MI from $300 (131 Rentals)

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

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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
Showing Results 1-50, Page 1 of 3

Troy, MI Local Guide

Cheapest Available Troy Apartments for Rent

 

The cheapest available apartment rental in Troy, MI is a 1 Bed unit found at President Madison Apartments in the Mystic Forest at the Park neighborhood priced from $827. Amber's Timber Lodges in the Nordwood Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
President Madison ApartmentsPrinceton1BR,1BA$827
Amber's Timber LodgesStudioStudio,1BA$875
Woodland Gardens1 BEDROOM 1 BATH1BR,1BA$880
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
Emerald ApartmentsOne Bedroom1BR,1BA$900
Bloomfield OrchardOne Bedroom1BR,1BA$900
Lexington VillageRevere1BR,1BA$930
Charles HamletOne Bedroom1BR,1BA$940
amber's Broadacre ApartmentsStudioStudio,1BA$945
Altitude Apartments EastAltitude Apartments - One Bedroom (Renovated) *...1BR,1BA$950

Best Value Apartments for Rent in Troy, MI

As of October 26, 2025 the best value apartment in the Troy area is the $1.23 price per square foot 2 bedroom + den + 2 1/2 bath townhome Model at Amber Oak Townhomes in the in the Downtown Birmingham neighborhood starting from $1,895. The second greatest value Troy apartment is the Arlington II Model at Ashford Apartments starting at $1,950 with a $1.34 price per square foot in the McGregor 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.
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$1.23
ONE11 BIRMINGHAM WEST2BR/1.0BA2BR,1BA$1.30
Rochester House ApartmentsTwo Bedroom2BR,1BA$1.17
Oakwood Villa Apartments2 Bedroom2BR,1BA$1.35
Charles HamletOne Bedroom1BR,1BA$1.18
The Gables of TroyThe Quinn 1 bed 1 bath1BR,1BA$1.27
PhilamerOne Bed1BR,1BA$1.35

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Pet Friendly Lifestyle
Troy, MI

Ranked #6

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 $827 at President Madison 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 $1,049 at Warren Club.

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 $1,475.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.