1177 Chapin Ave
BirminghamMI48009
Cheap Homes for Rent in Troy, MI from $800 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Troy.
816 Bloomfield Village Blvd
Auburn HillsMI48326
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2859 E Maple Rd, Unit 20
2859 E Maple Rd
BirminghamMI48009
1860 Axtell Dr, Unit 8
1860 Axtell Dr
TroyMI48084
832 Bloomfield Village Blvd
Auburn HillsMI48326
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.
4830 Briarwood Ave
Royal OakMI48073
832 Bloomfield Village Blvd, Unit F
832 Bloomfield Village Blvd
Auburn HillsMI48326
150 Bird Ave, Unit 21
150 Bird Ave
BirminghamMI48009
1840 Axtell Dr, Unit 4
1840 Axtell Dr
TroyMI48084
25 E Elmwood Ave
ClawsonMI48017
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
1954 Axtell Dr, Unit 1
1954 Axtell Dr
TroyMI48084
2803 Normandy Rd
Royal OakMI48073
1980 Axtell Dr, Unit 2
1980 Axtell Dr
TroyMI48084
1727 E 14 Mile Rd
BirminghamMI48009
4103 Benjamin Ave
Royal OakMI48073
475 S Adams Rd
BirminghamMI48009
2354 W 14 Mile Rd
Royal OakMI48073
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.
27361 Delton St
Madison HeightsMI48071
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Troy, MI Local Guide
How much does it cost to rent a home in Troy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Troy 2 Bedroom Homes for Rent | $2,354 | $1,250 | $6,000 |
| Troy 3 Bedroom Homes for Rent | $2,878 | $1,699 | $10,000+ |
| Troy 4 Bedroom Homes for Rent | $3,963 | $2,250 | $8,999 |
Browse Top Homes for Rent in Troy
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Troy, MI Local Guide
- Troy Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Available Troy Apartments for Rent
The cheapest available apartment rental in Troy, MI is a Studio unit found at Amber's Timber Lodges in the Nordwood Estates neighborhood priced from $875. Amber Creek Apartments in the Downtown Troy neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Troy apartments for rent:
| 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 |
| Philamer | 1 Bed, 1 bath | 1BR,1BA | $975 |
| Woodland Gardens | 1 BEDROOM 1 BATH | 1BR,1BA | $980 |
Best Value Apartments for Rent in Troy, MI
As of July 22, 2025 the best value apartment in the Troy area is the $1.40 price per square foot Three Bedroom Model at Amberwood Townhomes in the in the Route 59 neighborhood starting from $2,295. The second greatest value Troy apartment is the 2 bedroom + den + 2 1/2 bath townhome Model at Amber Oak Townhomes starting at $1,895 with a $1.23 price per square foot in the Downtown Birmingham neighborhood. Here is today’s list of the best values for Troy apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Amberwood Townhomes | Three Bedroom | 3BR,3.5BA | $1.40 |
| Amber Oak Townhomes | 2 bedroom + den + 2 1/2 bath townhome | 2BR,2.5BA | $1.23 |
| Rochester Villas | 3 Bed | 3BR,1.5BA | $1.24 |
| Bloomfield Square Apartments - Auburn Hills, MI | 2 Bedroom, 1.5 Bathroom - Newly Renovated | 2BR,1.5BA | $1.39 |
| Bloomfield Villas | Dumont | 2BR,2BA | $1.18 |
| Charles Hamlet | Two Bedroom | 2BR,2BA | $1.02 |
| Rochester House Apartments | Two Bedroom | 2BR,1BA | $1.17 |
| Oakwood Villa Apartments | 2 Bedroom | 2BR,1BA | $1.30 |
| Sterling Troy Apartments | 2 Bedroom | 2BR,1BA | $1.34 |
| Philamer | 1 Bed, 1 bath | 1BR,1BA | $1.32 |
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Frequently Asked Questions about Troy
What type of rentals are currently available in Troy?
There are currently 346 Apartments for Rent in Troy, MI with pricing that ranges from $875 to $13,000. There are also 107 Single Family Homes for rent, Condos, and Townhome rentals currently available in Troy ranging from $825 to $12,000.
What is the current price range for Rental Homes in Troy?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Troy ranges from $825 to $12,000 with an average monthly rent of $2,289.
How much are larger Three and Four Bedroom Rentals in Troy?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Troy range from $1,434 to $12,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,699 to $12,000. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $4,150.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.