250 E Thirteen Mile Rd
Madison HeightsMI48071
Cheap Homes for Rent in Troy, MI from $1,000 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Troy.
2808 W 13 Mile Rd
Royal OakMI48073
910 Chestnut Hill Dr
Auburn HillsMI48326
1820 Axtell Dr
TroyMI48084
3206 Shenandoah Dr
Royal OakMI48073
3220 Shenandoah Dr
Royal OakMI48073
2817 W 13 Mile Rd
Royal OakMI48073
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
4190 S Rochester Rd, Unit 112, Unit 112
4190 S Rochester Rd
Royal OakMI48073
150 Bird Ave
BirminghamMI48009
29264 Tessmer Ct
Madison HeightsMI48071
29270 Tessmer Ct
Madison HeightsMI48071
156 N Worth St
BirminghamMI48009
2420 Parmenter Blvd
Royal OakMI48073
1629 Emerson Cir, Unit 95, Unit 95
1629 Emerson Cir
Rochester HillsMI48307
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.
2445 Torquay Ave
Royal OakMI48073
2445 Torquay Ave, Unit 107, Unit 107
2445 Torquay Ave
Royal OakMI48073
2336 Orchard Crest St
Shelby TownshipMI48317
1717 Nakota Rd
Royal OakMI48073
3302 Greenfield Rd
Royal OakMI48073
29156 Tessmer Ct
Madison HeightsMI48071
3324 Coolidge Hwy, Unit 48, Unit 48
3324 Coolidge Hwy
Royal OakMI48073
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.
Showing Results 1-21, Page 1 of 1
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 | $2,150 | $1,250 | $6,500 |
| Troy 3 Bedroom Homes for Rent | $2,588 | $1,595 | $6,500 |
| Troy 4 Bedroom Homes for Rent | $4,207 | $2,100 | $10,000+ |
| Troy 5 Bedroom Homes for Rent | $12,066 | $4,300 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Troy, MI Local Guide
- Troy Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Troy Apartments for Rent
The cheapest available apartment rental in Troy, MI is a 1 Bed unit found at Lexington Village in the Mystic Forest at the Park neighborhood priced from $895. 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 |
|---|---|---|---|
| Lexington Village | Revere | 1BR,1BA | $895 |
| Amber Creek Apartments | Studio (Tahoe/Ventura) | Studio,1BA | $895 |
| Devon Park Apartments | 1 Bedroom 750 Sq Ft | 1BR,1BA | $900 |
| Amber's Timber Lodges | Studio | Studio,1BA | $925 |
| The Reserve at Warren | The Aspen | 1BR,1BA | $945 |
Best Value Apartments for Rent in Troy, MI
As of April 27, 2026 the best value apartment in the Troy area is the $1.15 price per square foot 2/1 townhome Model at Putney Townhomes in the in the Birmingham Villas neighborhood starting from $1,890. 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. |
|---|---|---|---|
| Putney Townhomes | 2/1 townhome | 2BR,1BA | $1.15 |
| Amber Oak Townhomes | 2 bedroom + den + 2 1/2 bath townhome | 2BR,2.5BA | $1.23 |
| Rochester Villas | 3 Bed | 3BR,1.5BA | $1.33 |
| Charles Hamlet | Two Bedroom | 2BR,2BA | $1.20 |
| Sterling Heights Apartments | 1x1 | 1BR,1BA | $1.11 |
| Parkview Apartments | One Bedroom | 1BR,1BA | $1.17 |
| Oakwood Villa Apartments | 2 Bedroom | 2BR,1BA | $1.35 |
| Devon Park Apartments | 1 Bedroom 750 Sq Ft | 1BR,1BA | $1.20 |
| Sterling Troy Apartments | 1 BD Private Entry | 1BR,1BA | $1.27 |
| The Reserve at Warren | The Aspen | 1BR,1BA | $1.35 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleThe Best Detroit Area Neighborhoods for Off-Campus Housing Renters
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
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Troy, MIPopulation: 84,272
Ranked #406
in US Census Population by City
Pet Friendly LifestyleTroy, MI
Ranked #5
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Troy, MI Rentals by Map
See the most popular apartments and homes in Troy, MI
Frequently Asked Questions about Troy
What type of rentals are currently available in Troy?
There are currently 348 Apartments for Rent in Troy, MI with pricing that ranges from $895 to $12,000. There are also 122 Single Family Homes for rent, Condos, and Townhome rentals currently available in Troy ranging from $1,025 to $25,000.
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 $1,025 to $25,000 with an average monthly rent of $4,562.
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
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.
The Best Detroit Area Neighborhoods for Off-Campus Housing Renters
Written by: Tim Brown
Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.
The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown
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I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s and have witnessed the city and its surrounding metro area undergo a renaissance.
Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers
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The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.
Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.