
Cheap Homes for Rent in Downtown Troy Neighborhood of Troy, MI from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Troy area of Troy.


2655 E Maple Rd, Unit 19

25 E Elmwood Ave
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.

2655 E Maple Rd

2440 Parmenter Blvd

2065 E Maple Rd, Unit 2065
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.

357 Columbia St
Downtown Troy, Troy, MI Local Guide

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 | $2,063 | $1,350 | $2,650 |
| Downtown Troy 3 Bedroom Homes for Rent | $2,477 | $1,875 | $3,200 |
| Downtown Troy 4 Bedroom Homes for Rent | $2,948 | $2,550 | $3,700 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Downtown Troy Neighborhood of Troy, MI.
Explore 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 |
| The Gables of Troy | The Quinn 1 bed 1 bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Briggs Park of Troy | Abbott II | 4BR,3BA | $1.54 |
| Regents Club of Troy | A1 | 1BR,1BA | $1.60 |
| ONE11 BIRMINGHAM WEST | 2BR/1.0BA | 2BR,1BA | $1.30 |
| Sunnymede Apartments - Troy, MI | Solstice | 1BR,1BA | $1.53 |
| Buckingham Square | 1 bedroom Patio & Balcony | 1BR,1BA | $1.64 |
| The Gables of Troy | The Quinn 1 bed 1 bath | 1BR,1BA | $1.14 |
| Somerset Park | Dorchester | 1BR,1BA | $1.61 |
| Three Oaks Apartments | 1B | 1BR,1BA | $1.51 |
| Charter Square | 1 BEDROOM 1 BATH | 1BR,1BA | $1.49 |
| Woodland Gardens | 1 BEDROOM 1 BATH | 1BR,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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.