2425 Torquay Ave
Royal OakMI48073
Cheap Homes for Rent in the Downtown Troy Neighborhood of Troy, MI from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Troy area of Troy.
1820 Axtell Dr
TroyMI48084
2420 Parmenter Blvd
Royal OakMI48073
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
4859 Mansfield Ave
Royal OakMI48073
1880 Axtell Dr
TroyMI48084
437 N Eton St, Unit 403
437 N Eton St
BirminghamMI48009
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Downtown Troy, Troy, MI Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Downtown Troy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Troy 2 Bedroom Homes for Rent | $2,208 | $1,300 | $3,900 |
| Downtown Troy 3 Bedroom Homes for Rent | $2,704 | $2,200 | $4,200 |
| Downtown Troy 4 Bedroom Homes for Rent | $3,550 | $2,200 | $5,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Downtown Troy Neighborhood of Troy, MI.
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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 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 |
Best Value Apartments for Rent in Downtown Troy, MI
As of July 24, 2026 the best value apartment in the Downtown Troy area is the $1.66 price per square foot Clarendon Model at Somerset Park in the in the Troy neighborhood starting from $2,240. The second greatest value Downtown Troy apartment is the 2 BED, 1.5 BATH TOWNHOUSE Model at The Cloisters Townhouses starting at $1,750 with a $1.52 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Somerset Park | Clarendon | 3BR,2BA | $1.66 |
| The Cloisters Townhouses | 2 BED, 1.5 BATH TOWNHOUSE | 2BR,1.5BA | $1.52 |
| Buckingham Square | 2 bedroom 2 bath 1st floor | 2BR,2BA | $1.55 |
| ONE11 BIRMINGHAM WEST | 2BR/1.0BA | 2BR,1BA | $1.70 |
| Residences of Troy | Telegraph - 2 Bed, 1 Bath | 2BR,1BA | $1.30 |
| Charter Square | 2 BED 1.5 BATH LARGE | 2BR,1.5BA | $1.64 |
| Three Oaks Apartments | 1BD | 1BR,1BA | $1.57 |
| The Gables of Troy | The Brooks (1BR / 1BA) | 1BR,1BA | $1.70 |
| Medford Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.61 |
| Troy Village Apartments | Cozy Ranch-Style Living with Patio, Trash Inclu... | 2BR,1BA | $1.71 |
Frequently Asked Questions about Downtown Troy
What type of rentals are currently available in Downtown Troy?
There are currently 79 Apartments for Rent in Downtown Troy, MI with pricing that ranges from $895 to $4,275. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Troy ranging from $1,300 to $12,000.
What is the current price range for Rental Homes in Downtown Troy?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Troy ranges from $1,300 to $12,000 with an average monthly rent of $4,352.
How much are larger Three and Four Bedroom Rentals in Downtown Troy?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Troy range from $1,575 to $3,915, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $4,275.
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.
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