Cheap Homes for Rent in Troy, MI from $1,000 (33 Rentals)

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

property at 4200 S Rochester Rd

$1,010

Total Monthly Price

Total Monthly Price

Base Rent
$1,010

Total Monthly Price
$1,010

1 Bedroom, 1 Bath Condo for Rent

Available Now

4200 S Rochester Rd, Unit 106

4200 S Rochester Rd
Royal OakMI48073
property at 2969 Devondale Rd

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

2969 Devondale Rd

Rochester HillsMI48309
property at 1723 E 14 Mile Rd

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Condo for Rent

Available Now

1723 E 14 Mile Rd, Unit D

1723 E 14 Mile Rd
BirminghamMI48009

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

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Rent According to Income: A Look at Income-Restricted Rentals

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property at 437 N Eton St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

437 N Eton St, Unit 403

437 N Eton St
BirminghamMI48009
property at 928 N Adams Rd

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 2 Bath Condo for Rent

Available Now

928 N Adams Rd, Unit 8

928 N Adams Rd
BirminghamMI48009

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Explore the best residential neighborhoods and apartment options near major employers like GM, Ford, Stellantis, Rocket Companies, and Corewell Health. Find your perfect Motor City home.

property at 327 Southfield Rd

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

327 Southfield Rd, Unit #3BS

327 Southfield Rd
BirminghamMI48009
property at 1130 Birchwood Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1 Bath Home for Rent

Available Now

property at 102 Nakota St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

2 Bedroom, 2 Bath Home for Rent

Available Aug 1

102 Nakota St

ClawsonMI48017
property at 335 N Eton St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

2 Bedroom, 1.5 Bath Condo for Rent

Available Aug 24

335 N Eton St, Unit 25B

335 N Eton St
BirminghamMI48009
property at 1620 Graefield Rd

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 8

1620 Graefield Rd

BirminghamMI48009

The Detroit Insiders Renting Guide: A Local's Look Under the Hood

Moving to Detroit? Get the local breakdown on affordable rental options, easy commutes, and how to navigate the People Mover and Q-Line downtown.

property at 29155 Milton Ave

$1,899

Total Monthly Price

Total Monthly Price

Base Rent
$1,899

Total Monthly Price
$1,899

2 Bedroom, 1 Bath Home for Rent

Available Now

29155 Milton Ave

Madison HeightsMI48071

Troy, MI Local Guide

Cheapest Available Troy Apartments for Rent

 

The cheapest available apartment rental in Troy, MI is a Studio unit found at Amber Creek Apartments in the Troy neighborhood priced from $895. Amber's Timber Lodges in the Clawson neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
Amber's Timber LodgesMini FlatsStudio,1BA$925
Kimberly Club Apartments1 Bed Large Lower1BR,1BA$950
amber's Broadacre ApartmentsStudioStudio,1BA$955
President Madison ApartmentsPrinceton1BR,1BA$963
Emerald Apartmentssummer special - RENOVATED W/STAINLESS, PLANK, ...1BR,1BA$975
Legacy Manor1 Bedroom1BR,1BA$995
PhilamerOne Bed1BR,1BA$1,000
Sterling Heights Apartments1x11BR,1BA$1,000
Woodland GardensSTUDIOStudio,1BA$1,020

Best Value Apartments for Rent in Troy, MI

As of July 26, 2026 the best value apartment in the Troy area is the $1.15 price per square foot 2 Bed / 1 Bath Birmingham, Poppleton Park Town... 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 Royal Oak 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.
Putney Townhomes2 Bed / 1 Bath Birmingham, Poppleton Park Town...2BR,1BA$1.15
Amber Oak Townhomes2 bedroom + den + 2 1/2 bath townhome2BR,2.5BA$1.23
Ashford ApartmentsCarriage II2BR,2BA$1.36
Spring Hill1 Bed | 1 Bath1BR,1BA$1.04
Residences of TroyTelegraph - 2 Bed, 1 Bath2BR,1BA$1.30
Parkview ApartmentsOne Bedroom1BR,1BA$1.17
Sterling Heights Apartments1x11BR,1BA$1.11
President Madison ApartmentsPrinceton1BR,1BA$1.17
Sterling Troy Apartments1 BD Private Entry1BR,1BA$1.38
PhilamerOne Bed1BR,1BA$1.35

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.

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The 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 Article
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
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Troy, MI
Population: 84,272

Ranked #406

in US Census Population by City

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Pet Friendly Lifestyle
Troy, MI

Ranked #5

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Troy, MI Rentals by Map

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Troy, MI Apartments Map
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Frequently Asked Questions about Troy

What type of rentals are currently available in Troy?

There are currently 347 Apartments for Rent in Troy, MI with pricing that ranges from $895 to $6,412. There are also 128 Single Family Homes for rent, Condos, and Townhome rentals currently available in Troy ranging from $1,010 to $11,950.

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 $1,010 to $11,950 with an average monthly rent of $3,590.

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 $1,340 to $6,412, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $4,275.

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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Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.

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Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Written by: Tim Brown

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.

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The Detroit Insider's 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.

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The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

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Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.