Cheap Apartments for Rent in Troy, MO from $500 (12 Rentals)

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

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.

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.

Troy, MO Local Guide

Cheapest Available Troy Apartments for Rent and Nearby

 

The cheapest available apartment rental in Troy, MO is a 1 Bed unit found at Elm Tree Commons priced from $920. Casalon Parkway Apartments in the Whispering Woods neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,026. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elm Tree Commons1 Bed, 1 bath1BR,1BA$920
Casalon Parkway Apartments1 Bedroom / Phase 41BR,1BA$1,026
Peine LakesThe Adler1BR,1BA$1,082
Cedar Lakes ApartmentsA31BR,1BA$1,095
Vista On The Park: Inspired LivingVista on the Park - Brand New One bedroom Apart...1BR,1BA$1,095

Best Value Apartments for Rent in Troy, MO and Nearby

As of July 24, 2025 the best value apartment in the Troy area is the $1.67 price per square foot Rental Homes Model at Waterways Apartments in the in the Whispering Woods neighborhood starting from $4,000. The second greatest value Troy apartment is the Elevation A Model at Golf Club of Wentzville starting at $2,200 with a $1.60 price per square foot . 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.
Waterways ApartmentsRental Homes4BR,2.5BA$1.67
Golf Club of WentzvilleElevation A2BR,2BA$1.60
Northridge IOak3BR,1.5BA$1.16
The SolsticeTwo Bedroom2BR,2BA$1.46
Vista On The Park: Inspired LivingBrand-New 3-Bedroom, 2-Bath Townhome in Vista o...3BR,2BA$1.52
Aventura at WentzvilleAD2BR,1BA$1.49
Elm Tree Commons2 Beds, 2 baths2BR,2BA$1.32
Westchester VillageCourtland Townhome2BR,1.5BA$1.39
Peine LakesThe Adler1BR,1BA$1.35
Cedar Lakes ApartmentsA21BR,1BA$1.51

Quick Rent Budget Calculator

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Pet Friendly Lifestyle

Ranked #

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

Pet Friendliness Lifestyle Score

Pet Friendly

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

Explore Troy, MO Rentals by Map

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Getting Around Troy, MO

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Troy Apartments

What is the Cheapest Studio apartment in Troy?

Currently the most affordable Cheap Studio Apartment in Troy is at Prairie Encore listed at $1,300.

How much is rent for a Cheap One Bedroom Troy Apartment?

The lowest price for a Cheap One Bedroom Troy Apartment is $920 at Elm Tree Commons.

What is the lowest price for a Cheap Two Bedroom Troy Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Troy is starting from $1,120 at Elm Tree Commons.

What is the most affordable Troy Three Bedroom Apartment?

The best deal on a cheap Troy Three Bedroom Apartment rental is at Elm Tree Commons and starts from $1,100.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.