Apartments for Rent in the Downtown Troy Neighborhood of Troy, MI Under $500 (1 Rental)
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.
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 | $1,380 | $875 | $2,046 |
Downtown Troy 1 Bedroom Apartments | $1,644 | $1,025 | $3,164 |
Downtown Troy 2 Bedroom Apartments | $1,927 | $1,145 | $4,566 |
Downtown Troy 3 Bedroom Apartments | $2,582 | $1,575 | $4,844 |
Downtown Troy 4 Bedroom Apartments | $4,150 | $4,150 | $4,150 |
Explore Troy
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 Downtown Troy
How much are Studio apartments in Downtown Troy?
There are currently 15 Studio Apartments in Downtown Troy with rent ranges from $875 to $2,046 with an average price of $1,380.
What is the current price range for One Bedroom Downtown Troy Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown Troy ranges from $1,025 to $3,164 with an average monthly rent of $1,644.
What does renting a Two Bedroom Apartment in Downtown Troy cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown Troy range from $1,145 to $4,566. Today's average rental price for Two Bedrooms here is $1,927.
How expensive are Downtown Troy Three Bedroom Apartments?
There are currently 25 Three Bedroom Apartments listings available in Downtown Troy on ApartmentHomeLiving.com. The pricing ranges from $1,575 to $4,844 - averaging $2,582 for the location.
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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