
Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, MI from $300 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Troy area of Troy.


Total Monthly Price
The Gables of Troy

Charter Square

Ranch Apartment Homes in Great Troy Location

Amber Studios and Lofts

Amber Town Center Townhomes & Lofts

Residences of Troy

Sunnymede Apartments - Troy, MI
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Somerset Park

Buckingham Square

Three Oaks Apartments

Zen City Center

The Alcove Troy

Regents Club of Troy

1840 Axtell Dr, Unit 1

Uptown Square Apartments
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Churchill Square Apartments

1820 Axtell Dr

Courtview Garden Apartments

1064 Woodslee Ave

Amber's Timber Lodges

amber's Broadacre Apartments

694 Lincoln Ave

Elliott Park Apartments
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.

Woodland Gardens

Elmwood Manor Apartments

Medford Place Apartments

Maplecrest Apartments - Birmingham Apartments

Maple Road Townes

2425 Torquay Ave, Unit 108

516 North Main Apartments

487 N Eton St
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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.

The Clawsonian

Clawson Manor Co-op

Elmwood Oaks

Elmwood Apartments

540 W 14 Mile Rd

RMSA - MAPLESIDE APARTMENTS

One Bedroom Apartment in Clawson

Amber's Maple Apartments
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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.

2425 Torquay Ave

Briarwood Park Apartments
Downtown Troy, Troy, MI Local Guide

How much does it cost to rent an apartment in Downtown Troy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Troy Studio Apartments | $1,376 | $895 | $1,725 |
| Downtown Troy 1 Bedroom Apartments | $1,592 | $1,025 | $2,514 |
| Downtown Troy 2 Bedroom Apartments | $1,932 | $1,125 | $2,986 |
| Downtown Troy 3 Bedroom Apartments | $2,479 | $1,575 | $3,915 |
| Downtown Troy 4 Bedroom Apartments | $4,275 | $4,275 | $4,275 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 2 mile radius of the Downtown Troy Neighborhood of Troy, MI.
See all Apartments in TroyExplore Troy
Cheapest Available Downtown Troy Apartments for Rent
 The cheapest available apartment rental in the Downtown Troy area of Detroit, MI is a Studio unit found at Amber Creek Apartments priced from $895. Amber's Timber Lodges has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Downtown Troy apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Amber Creek Apartments | Studio (Tahoe/Ventura) | Studio,1BA | $895 |
| Amber's Timber Lodges | Mini Flats | Studio,1BA | $925 |
| amber's Broadacre Apartments | Studio | Studio,1BA | $955 |
| The Gables of Troy | The Quinn (1BR / 1BA) | 1BR,1BA | $1,040 |
| Elliott Park Apartments | The Roslyn | 1BR,1BA | $1,115 |
| Ranch Apartment Homes in Great Troy Location | 2B/1B | 2BR,1BA | $1,125 |
| Amber Studios and Lofts | Studio | Studio,1BA | $1,145 |
| Woodland Gardens | 1 BEDROOM 1 BATH | 1BR,1BA | $1,150 |
| Charter Square | 1 BEDROOM 1 BATH | 1BR,1BA | $1,195 |
| Amber Town Center Townhomes & Lofts | Studio | Studio,1BA | $1,205 |
Best Value Apartments for Rent in Downtown Troy, MI
As of May 31, 2026 the best value apartment in the Downtown Troy area is the $1.42 price per square foot 2 Bed Model at The Cloisters Townhouses in the in the Nordwood Estates neighborhood starting from $1,850. The second greatest value Downtown Troy apartment is the Lancaster II Model at Somerset Park starting at $1,718 with a $1.62 price per square foot in the Birmingham Villas neighborhood. Here is today’s list of the best values for Downtown Troy apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Cloisters Townhouses | 2 Bed | 2BR,1.5BA | $1.42 |
| Somerset Park | Lancaster II | 2BR,2BA | $1.62 |
| Buckingham Square | 2 bedroom 2 bath 2nd floor w/ W/D | 2BR,2BA | $1.60 |
| Sunnymede Apartments - Troy, MI | Solstice With Washer/Dryer | 1BR,1BA | $1.65 |
| The Alcove Troy | Loft Plus | 1BR,2BA | $1.78 |
| The Gables of Troy | The Quinn (1BR / 1BA) | 1BR,1BA | $1.30 |
| Medford Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.61 |
| Maplecrest Apartments - Birmingham Apartments | 1BR/1.0BA | 1BR,1BA | $1.76 |
| Elmwood Manor Apartments | One Bedroom | 1BR,1BA | $1.75 |
| Woodland Gardens | 1 BEDROOM 1 BATH | 1BR,1BA | $1.78 |
Frequently Asked Questions about Cheap Downtown Troy Apartments
What is the Cheapest Studio apartment in Downtown Troy?
Currently the most affordable Cheap Studio Apartment in Downtown Troy is at Amber Creek Apartments listed at $895.
How much is rent for a Cheap One Bedroom Downtown Troy Apartment?
The lowest price for a Cheap One Bedroom Downtown Troy Apartment is $1,025 at Amber's Timber Lodges.
What is the lowest price for a Cheap Two Bedroom Downtown Troy Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Troy is starting from $1,125 at Ranch Apartment Homes in Great Troy Location.
What is the most affordable Downtown Troy Three Bedroom Apartment?
The best deal on a cheap Downtown 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

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Articles, How-To's, and Tips

Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.