
Cheap Homes for Rent in Troy, MI from $1,000 (33 Rentals)
Search the lowest-cost Homes available for rent right now in Troy.


4200 S Rochester Rd, Unit 106

2969 Devondale Rd

3220 Shenandoah Dr

1820 Axtell Dr

2425 Torquay Ave

1727 E 14 Mile Rd

1723 E 14 Mile Rd, Unit D
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.

508 Parkdale Ave

29270 Tessmer Ct

2420 Parmenter Blvd

3105 Linwood Ave

3284 Coolidge Hwy

4859 Mansfield Ave

1880 Axtell Dr

3282 Coolidge Hwy
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

35300 Woodward Ave

5923 Niles Dr, Unit 11/2022

437 N Eton St, Unit 403

1205 E 14 Mile Rd

928 N Adams Rd, Unit 8

388 E South Blvd

2346 London Bridge Dr

36311 Park Pl Dr
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.

1014 Kelley St

327 Southfield Rd, Unit #3BS

30105 Alger St

1130 Birchwood Ave

102 Nakota St

335 N Eton St, Unit 25B

2111 W 14 Mile Rd

1620 Graefield Rd
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.

29155 Milton Ave
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 | $2,176 | $1,250 | $4,995 |
| Troy 3 Bedroom Homes for Rent | $2,730 | $1,750 | $4,500 |
| Troy 4 Bedroom Homes for Rent | $3,635 | $2,200 | $7,400 |
| Troy 5 Bedroom Homes for Rent | $7,687 | $4,300 | $10,000+ |
Browse Top Homes for Rent in Troy
Explore Troy
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Amber Creek Apartments | Studio (Tahoe/Ventura) | Studio,1BA | $895 |
| Amber's Timber Lodges | Mini Flats | Studio,1BA | $925 |
| Kimberly Club Apartments | 1 Bed Large Lower | 1BR,1BA | $950 |
| amber's Broadacre Apartments | Studio | Studio,1BA | $955 |
| President Madison Apartments | Princeton | 1BR,1BA | $963 |
| Emerald Apartments | summer special - RENOVATED W/STAINLESS, PLANK, ... | 1BR,1BA | $975 |
| Legacy Manor | 1 Bedroom | 1BR,1BA | $995 |
| Philamer | One Bed | 1BR,1BA | $1,000 |
| Sterling Heights Apartments | 1x1 | 1BR,1BA | $1,000 |
| Woodland Gardens | STUDIO | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Putney Townhomes | 2 Bed / 1 Bath Birmingham, Poppleton Park Town... | 2BR,1BA | $1.15 |
| Amber Oak Townhomes | 2 bedroom + den + 2 1/2 bath townhome | 2BR,2.5BA | $1.23 |
| Ashford Apartments | Carriage II | 2BR,2BA | $1.36 |
| Spring Hill | 1 Bed | 1 Bath | 1BR,1BA | $1.04 |
| Residences of Troy | Telegraph - 2 Bed, 1 Bath | 2BR,1BA | $1.30 |
| Parkview Apartments | One Bedroom | 1BR,1BA | $1.17 |
| Sterling Heights Apartments | 1x1 | 1BR,1BA | $1.11 |
| President Madison Apartments | Princeton | 1BR,1BA | $1.17 |
| Sterling Troy Apartments | 1 BD Private Entry | 1BR,1BA | $1.38 |
| Philamer | One Bed | 1BR,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.
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 ArticleReal 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 ArticleQuick 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.
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 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

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.

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.

The Detroit Insider's Renting Guide: A Locals Look Under the Hood of Motown
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 and have witnessed the city and its surrounding metro area undergo a renaissance.

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.
Articles, How-To's, and Tips

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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.