Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, MI from $389 (61 Rentals)

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

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The Gables of Troy
Rent Specials
$1,255 - $1,609
Total Monthly Price

Total Monthly Price

Base Rent
$1,255 - $1,609
Total Monthly Price
$1,255 - $1,609
1 to 2 Bedroom Apartments Available Now

The Gables of Troy

500 Coachman DrTroy, MI 48083
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
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Buckingham Square
$1,305 - $1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,305 - $1,800
Total Monthly Price
$1,305 - $1,800
1 to 2 Bedroom Apartments Available Sep 9

Buckingham Square

3100 Glouchester AveTroy, MI 48084
Corporate Housing
  • Verified
  • 3D Tour

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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 55 Vermont Dr

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

2 Bedroom, 1 Bath Home for Rent

Available Sep 1

55 Vermont Dr

TroyMI48083

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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property at 1968 Axtell Dr

$1,400 - $1,480

2 Bedroom Rentals

Available Now

1968 Axtell Dr

TroyMI48084

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Maple Road Townes
Rent Specials
$1,585
Total Monthly Price

Total Monthly Price

Base Rent
$1,585
Total Monthly Price
$1,585
2 Bedroom Apartments Available Now

Maple Road Townes

1802-1898 E Maple RdBirmingham, MI 48009
Family Friendly
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  • Customer Reviewed
  • Smoke Free
property at 437 N Eton St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

437 N Eton St, Unit 403

437 N Eton St
BirminghamMI48009

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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property at 323 N Eton St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1.5 Bath Condo for Rent

Available Sep 5

323 N Eton St, Unit G

323 N Eton St
BirminghamMI48009
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Clawson Manor Co-op
Studio to 1 Bedroom Apartments

Clawson Manor Co-op

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

Elmwood Oaks

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

Elmwood Apartments

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

540 W 14 Mile Rd

540 W 14 Mile RdClawson, MI 48017
  • Utilities Included
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4905 Briarwood LLC
1 to 2 Bedroom Apartments

4905 Briarwood LLC

4905-4909 Briarwood AveRoyal Oak, MI 48073

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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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 LodgesMini FlatsStudio,1BA$925
amber's Broadacre ApartmentsStudioStudio,1BA$955
Woodland Gardens1 BEDROOM 1 BATH1BR,1BA$1,025
The Alcove TroyStudio1BR,1BA$1,045
Amber Studios and LoftsStudioStudio,1BA$1,145
4905 Briarwood LLC1BR/1.0BA1BR,1BA$1,195
Amber Town Center Townhomes & LoftsStudioStudio,1BA$1,205
Elmwood Manor ApartmentsOne Bedroom1BR,1BA$1,225
The Gables of TroyThe Quinn (1BR / 1BA)1BR,1BA$1,255

Best Value Apartments for Rent in Downtown Troy, MI

As of August 29, 2026 the best value apartment in the Downtown Troy area is the $1.56 price per square foot 3BR/1.0BA Model at ONE11 BIRMINGHAM WEST in the in the Birmingham Villas neighborhood starting from $2,500. The second greatest value Downtown Troy apartment is the Stanton Model at 516 North Main Apartments starting at $2,226 with a $1.75 price per square foot in the Clawson 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.
ONE11 BIRMINGHAM WEST3BR/1.0BA3BR,1BA$1.56
516 North Main ApartmentsStanton2BR,2BA$1.75
Sunnymede Apartments - Troy, MILumen Elite with Washer/Dryer2BR,1.5BA$1.73
Charter Square3 BED 1.5 BATH TOWNH3BR,1.5BA$1.63
Somerset ParkLancaster II2BR,2BA$1.58
The Gables of TroyThe Quinn (1BR / 1BA)1BR,1BA$1.57
Medford Place Apartments1BR/1.0BA1BR,1BA$1.80
4905 Briarwood LLC1BR/1.0BA1BR,1BA$1.71
Elmwood Manor ApartmentsOne Bedroom1BR,1BA$1.75
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio ,1BA$1.81

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 Woodland Gardens.

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 $1,145 at amber's Broadacre Apartments.

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.

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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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