Cheap Homes for Rent in Downtown Troy Neighborhood of Troy, MI from $1,100 (7 Rentals)

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

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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'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 ListingModel NameBed/BathPriced From
Amber's Timber LodgesStudioStudio,1BA$875
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
The Gables of TroyThe Quinn 1 bed 1 bath1BR,1BA$915

Best Value Apartments for Rent in Downtown Troy, MI

As of November 01, 2025 the best value apartment in the Downtown Troy area is the $1.54 price per square foot Abbott II Model at Briggs Park of Troy in the in the Mystic Forest at the Park neighborhood starting from $4,150. The second greatest value Downtown Troy apartment is the A1 Model at Regents Club of Troy starting at $1,620 with a $1.60 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.
Briggs Park of TroyAbbott II4BR,3BA$1.54
Regents Club of TroyA11BR,1BA$1.60
ONE11 BIRMINGHAM WEST2BR/1.0BA2BR,1BA$1.30
Sunnymede Apartments - Troy, MISolstice1BR,1BA$1.53
Buckingham Square1 bedroom Patio & Balcony1BR,1BA$1.64
The Gables of TroyThe Quinn 1 bed 1 bath1BR,1BA$1.14
Somerset ParkDorchester1BR,1BA$1.61
Three Oaks Apartments1B1BR,1BA$1.51
Charter Square1 BEDROOM 1 BATH1BR,1BA$1.49
Woodland Gardens1 BEDROOM 1 BATH1BR,1BA$1.43

Frequently Asked Questions about Downtown Troy

What type of rentals are currently available in Downtown Troy?

There are currently 81 Apartments for Rent in Downtown Troy, MI with pricing that ranges from $875 to $4,150. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Troy ranging from $1,195 to $3,700.

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 $1,195 to $3,700 with an average monthly rent of $2,198.

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 $3,301, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,875 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,550 and Four Bedroom Apartments start at $3,000.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

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Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.