Cheap Homes for Rent in Troy, MI from $1,000 (28 Rentals)

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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.

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property at 3288 Coolidge Hwy

3288 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.

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property at 3222 Coolidge Hwy

3222 Coolidge Hwy

Royal OakMI48073

Cash 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.

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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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Showing Results 1-28, Page 1 of 1

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's Timber Lodges in the Nordwood Estates neighborhood priced from $875. Woodland Gardens in the Nordwood Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amber's Timber LodgesStudioStudio,1BA$875
Woodland Gardens1 BEDROOM 1 BATH1BR,1BA$880
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
Bloomfield OrchardOne Bedroom1BR,1BA$900
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$900
Emerald ApartmentsOne Bedroom1BR,1BA$900
President Madison ApartmentsPrinceton1BR,1BA$912
amber's Broadacre ApartmentsStudioStudio,1BA$945
Altitude Apartments EastAltitude Apartments - One Bedroom (Renovated) *...1BR,1BA$950
Charles HamletOne Bedroom1BR,1BA$950

Best Value Apartments for Rent in Troy, MI

As of October 21, 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 Downtown Birmingham neighborhood starting from $1,895. The second greatest value Troy apartment is the Arlington II Model at Ashford Apartments starting at $1,950 with a $1.34 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 II2BR,2BA$1.34
Westbury Village TownhomesAtlantic 3 bed 2.5 bath3BR,2.5BA$1.30
Rochester Villas3 Bed3BR,1.5BA$1.20
ONE11 BIRMINGHAM WEST2BR/1.0BA2BR,1BA$1.30
Rochester House ApartmentsTwo Bedroom2BR,1BA$1.17
Oakwood Villa Apartments2 Bedroom2BR,1BA$1.35
Charles HamletOne Bedroom1BR,1BA$1.19
The Gables of TroyThe Quinn 1 bed 1 bath1BR,1BA$1.27
Devon Park Apartments1 Bedroom 750 Sq Ft1BR,1BA$1.20

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 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.

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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

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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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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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See the most popular apartments and homes in Troy, MI

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Troy, MI Apartments Map
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Troy, MI Rental Homes Map

Frequently Asked Questions about Troy

What type of rentals are currently available in Troy?

There are currently 352 Apartments for Rent in Troy, MI with pricing that ranges from $875 to $13,000. There are also 133 Single Family Homes for rent, Condos, and Townhome rentals currently available in Troy ranging from $1,050 to $7,500.

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 $1,050 to $7,500 with an average monthly rent of $2,746.

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 $1,420 to $12,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $6,500. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $3,000.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.