Cheap Homes for Rent in Troy, MI from $1,000 (16 Rentals)

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

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.

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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.

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property at 1407 E 14 Mile Rd

1407 E 14 Mile Rd

BirminghamMI48009

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-16, Page 1 of 1

Troy, MI Local Guide

Cheapest Available Troy Apartments for Rent

 

The cheapest available apartment rental in Troy, MI is a 1 Bed unit found at Devon Park Apartments in the Nordwood Estates neighborhood priced from $850. Amber's Timber Lodges in the Nordwood Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$850
Amber's Timber LodgesStudioStudio,1BA$875
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
Edgewood Court NorthStudioStudio,1BA$925
President Madison ApartmentsPrinceton1BR,1BA$938

Best Value Apartments for Rent in Troy, MI

As of May 31, 2025 the best value apartment in the Troy area is the $1.23 price per square foot 2 bedroom + den + 2 1/2 bath townhome Model at Amber Oak Townhomes in the in the Birmingham Villas neighborhood starting from $1,895. The second greatest value Troy apartment is the Arlington II - 1st Floor Unit with Private Entr... Model at Ashford Apartments starting at $1,920 with a $1.32 price per square foot in the McGregor neighborhood. Here is today’s list of the best values for Troy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Amber Oak Townhomes2 bedroom + den + 2 1/2 bath townhome2BR,2.5BA$1.23
Ashford ApartmentsArlington II - 1st Floor Unit with Private Entr...2BR,2BA$1.32
Spring Hill3 Beds | 2 Baths3BR,2BA$1.13
Rochester Villas3 Bed3BR,1.5BA$1.33
Bloomfield VillasDumont2BR,2BA$1.20
Charles HamletTwo Bedroom2BR,2BA$1.02
Sterling Heights1x11BR,1BA$1.17
Oakwood Villa Apartments2 Bedroom2BR,1BA$1.30
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$1.13
Philamer1 Bed, 1 bath1BR,1BA$1.32

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Troy

What type of rentals are currently available in Troy?

There are currently 341 Apartments for Rent in Troy, MI with pricing that ranges from $850 to $13,000. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Troy ranging from $1,000 to $8,999.

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 $1,000 to $8,999 with an average monthly rent of $2,356.

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 $1,280 to $12,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $8,999. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $2,000.

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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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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.