
Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, MI from $300 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Troy area of Troy.


Ranch Apartment Homes in Great Troy Location

The Alcove Troy
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.

Amber Town Center Townhomes & Lofts

Amber Studios and Lofts

Charter Square

Somerset Park

Three Oaks Apartments

Sunnymede Apartments - Troy, MI
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.

1820 Axtell Dr

Amber's Timber Lodges

amber's Broadacre Apartments
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.

Woodland Gardens

2859 E Maple Rd, Unit 20

4915 Briarwood Ave, Unit Apartment 8

Maple Road Townes
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.

4830 Briarwood Ave
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 | $1,371 | $875 | $2,078 |
Downtown Troy 1 Bedroom Apartments | $1,651 | $975 | $2,994 |
Downtown Troy 2 Bedroom Apartments | $1,992 | $1,145 | $4,552 |
Downtown Troy 3 Bedroom Apartments | $2,583 | $1,575 | $4,407 |
Downtown Troy 4 Bedroom Apartments | $3,575 | $3,000 | $4,150 |
Browse Apartments in this Neighborhood
There are currently 27 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's Timber Lodges priced from $875. Amber Creek Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Downtown Troy apartments for rent in Detroit, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Amber's Timber Lodges | Studio | Studio,1BA | $875 |
Amber Creek Apartments | Studio (Tahoe/Ventura) | Studio,1BA | $895 |
amber's Broadacre Apartments | Studio | Studio,1BA | $945 |
The Alcove Troy | S1 | Studio,1BA | $995 |
Woodland Gardens | 1 BEDROOM 1 BATH | 1BR,1BA | $1,000 |
The Gables of Troy | The Asher 1 Bed 1 Bath | 1BR,1BA | $1,074 |
Amber Town Center Townhomes & Lofts | Studio | Studio,1BA | $1,145 |
Amber Studios and Lofts | Studio | Studio,1BA | $1,145 |
Ranch Apartment Homes in Great Troy Location | 2B/1B | 2BR,1BA | $1,200 |
Charter Square | 1 BEDROOM 1 BATH | 1BR,1BA | $1,235 |
Best Value Apartments for Rent in Downtown Troy, MI
As of June 18, 2025 the best value apartment in the Downtown Troy area is the $1.83 price per square foot Somerset LX Model at Somerset Park in the in the Birmingham Villas neighborhood starting from $2,287. The second greatest value Downtown Troy apartment is the 2BR/1.0BA Model at ONE11 COLLECTION - BIRMINGHAM WEST starting at $1,755 with a $1.76 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. |
---|---|---|---|
Somerset Park | Somerset LX | 3BR,2BA | $1.83 |
ONE11 COLLECTION - BIRMINGHAM WEST | 2BR/1.0BA | 2BR,1BA | $1.76 |
Briarwood Park Apartments | 2 BR 1 BATH | 2BR,1BA | $1.79 |
Sunnymede Apartments - Troy, MI | Solstice | 1BR,1BA | $1.53 |
Woodland Gardens | 2 BEDROOM 1 BATH | 2BR,1BA | $1.59 |
Buckingham Square Apts and TH | 1x1 800 | 1BR,1BA | $1.66 |
The Gables of Troy | The Quinn 1 bed 1 bath | 1BR,1BA | $1.50 |
Three Oaks Apartments | 1B | 1BR,1BA | $1.66 |
The Alcove Troy | S1 | Studio ,1BA | $1.84 |
Amber Creek Apartments | Studio (Tahoe/Ventura) | Studio ,1BA | $1.81 |
Getting Around the Downtown Troy Neighborhood in Troy, MI
Walk Score®
53 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
45 / 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 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's Timber Lodges listed at $875.
How much is rent for a Cheap One Bedroom Downtown Troy Apartment?
The lowest price for a Cheap One Bedroom Downtown Troy Apartment is $1,000 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.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.