Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, MI from $300 (29 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 the Downtown Troy area of Troy.

close
View Me
Three Oaks Apartments
Rent Specials
$1,160 - $1,618
Total Monthly Price

Total Monthly Price

Base Rent
$1,110 - $1,568
Required Monthly Fees
$50
Total Monthly Price
$1,160 - $1,618
1 to 2 Bedroom Apartments Available Now

Three Oaks Apartments

4154 Three Oaks BlvdTroy, MI 48098
Active Lifestyle
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
close
View Me
Charter Square
Rent Specials
$1,210 - $2,025
Total Monthly Price

Total Monthly Price

Base Rent
$1,205 - $2,020
Required Monthly Fees
$5
Total Monthly Price
$1,210 - $2,025
1 to 3 Bedroom Apartments Available Now

Charter Square

2860 Charter BlvdTroy, MI 48083
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1860 Axtell Dr

$1,250 - $1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,350
Total Monthly Price
$1,250 - $1,350

1 Bedroom, 1 Bath Condo for Rent

Available Now

1860 Axtell Dr

TroyMI48084

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.

Read Article
close
View Me
Woodland Gardens
$1,030 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$1,025 - $1,340
Required Monthly Fees
$5
Total Monthly Price
$1,030 - $1,345
Studio to 2 Bedroom Apartments Available Now

Woodland Gardens

4805 Woodland AveRoyal Oak, MI 48073
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

The Art of the Rental Viewing: What to look for during a property tour

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.

Read Article
close
View Me
Clawson Manor Co-op
Studio to 1 Bedroom Apartments

Clawson Manor Co-op

255 W 14 Mile RdClawson, MI 48017
Senior Living
  • Utilities Included
close
View Me
Elmwood Oaks
1 Bedroom Apartments

Elmwood Oaks

590-610 E Elmwood AveClawson, MI 48017
  • Utilities Included
close
View Me
Elmwood Apartments
1 Bedroom Apartments

Elmwood Apartments

328-348 Elmwood DrClawson, MI 48017
  • Utilities Included
close
View Me
540 W 14 Mile Rd
1 Bedroom Apartments

540 W 14 Mile Rd

540 W 14 Mile RdClawson, MI 48017
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-29, Page 1 of 1

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 ListingModel NameBed/BathPriced From
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
Amber's Timber LodgesStudioStudio,1BA$925
amber's Broadacre ApartmentsStudioStudio,1BA$955
The Gables of TroyThe Quinn (1BR / 1BA)1BR,1BA$985
Woodland Gardens1 BEDROOM 1 BATH1BR,1BA$1,030
Troy Village Apartments2B/1B2BR,1BA$1,125
Amber Studios and LoftsStudioStudio,1BA$1,145
Three Oaks Apartments1B1BR,1BA$1,160
Amber Town Center Townhomes & LoftsStudioStudio,1BA$1,205
Elmwood Manor ApartmentsOne Bedroom1BR,1BA$1,225

Best Value Apartments for Rent in Downtown Troy, MI

As of March 22, 2026 the best value apartment in the Downtown Troy area is the $1.69 price per square foot HW-Marlowe Model at The Westington in the in the Downtown Troy neighborhood starting from $2,150. The second greatest value Downtown Troy apartment is the 3 BED 1.5 BATH TOWNH Model at Charter Square starting at $1,770 with a $1.61 price per square foot in the Downtown Troy neighborhood. Here is today’s list of the best values for Downtown Troy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The WestingtonHW-Marlowe2BR,2BA$1.69
Charter Square3 BED 1.5 BATH TOWNH3BR,1.5BA$1.61
Courtview Garden Apartments1 Bedroom/1.5 Bath1BR,1.5BA$1.14
Regents Club of TroyA11BR,1BA$1.70
ONE11 Birmingham2BR/1.0BA2BR,1BA$1.65
Sunnymede Apartments - Troy, MISolstice1BR,1BA$1.53
The Gables of TroyThe Quinn (1BR / 1BA)1BR,1BA$1.23
Buckingham Square1 Bedroom Patio/Balcony or W/D1BR,1BA$1.70
Medford Place Apartments1 Bed, 1 bath1BR,1BA$1.61
Woodland Gardens1 BEDROOM 1 BATH1BR,1BA$1.60

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 $985 at The Gables of Troy.

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 $1,110 at The Gables of Troy.

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

decorative image for A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent article

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.

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.

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

The Detroit Insiders 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 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.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.