
Cheap Homes for Rent in Downtown Troy Neighborhood of Troy, MI from $1,300 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Troy area of Troy.


2655 E Maple Rd

2420 Parmenter Blvd

5065 N Crooks Rd

487 N Eton St

137 Birchwood Ave
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2425 Torquay Ave

487 N Eton St

655 N Eton St

1014 Kelley St

357 Columbia St

1702 Graefield Rd
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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 | $2,287 | $1,300 | $4,600 |
| Downtown Troy 3 Bedroom Homes for Rent | $2,575 | $1,600 | $5,800 |
| Downtown Troy 4 Bedroom Homes for Rent | $2,936 | $2,325 | $3,500 |
| Downtown Troy 5 Bedroom Homes for Rent | $7,900 | $7,900 | $7,900 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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 |
| amber's Broadacre Apartments | Studio | Studio,1BA | $945 |
| The Gables of Troy | The Asher (1BR / 1BA) | 1BR,1BA | $979 |
| Woodland Gardens | 1 BEDROOM 1 BATH | 1BR,1BA | $1,020 |
Best Value Apartments for Rent in Downtown Troy, MI
As of December 19, 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 1-Bedroom Model at Courtview Garden Apartments starting at $1,250 with a $1.14 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. |
|---|---|---|---|
| Briggs Park of Troy | Abbott II | 4BR,3BA | $1.54 |
| Courtview Garden Apartments | 1-Bedroom | 1BR,1.5BA | $1.14 |
| Buckingham Square | 2 bedroom 2 bath 2nd floor w/ W/D | 2BR,2BA | $1.60 |
| ONE11 BIRMINGHAM WEST | 2BR/1.0BA | 2BR,1BA | $1.25 |
| Sunnymede Apartments - Troy, MI | Solstice | 1BR,1BA | $1.53 |
| Charter Square | 1 BED 1 BATH DELUXE | 1BR,1BA | $1.57 |
| The Gables of Troy | The Brooks (1BR / 1BA) | 1BR,1BA | $1.29 |
| Somerset Park | Dorchester | 1BR,1BA | $1.66 |
| Medford Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.61 |
| Woodland Gardens | 1 BEDROOM 1 BATH | 1BR,1BA | $1.58 |
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 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Troy ranging from $1,300 to $7,900.
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 $7,900 with an average monthly rent of $3,427.
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 $1,600 to $5,800. Four Bedroom Single-Family rentals are also available starting from $2,325 and Four Bedroom Apartments start at $2,800.
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.
Helpful Local Expert Guides

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Articles, How-To's, and Tips

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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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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Everything is a negotiation in real estate!

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