Cheap Apartments for Rent in Troy, NY from $600 (72 Rentals)

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

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.

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266 8th St, Unit 1
$1,190
Total Monthly Price

Total Monthly Price

Base Rent
$1,190
Total Monthly Price
$1,190
1 Bedroom Apartment Available Now

266 8th St, Unit 1

266 8th StTroy, NY 12180
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516 4th St
$1,250 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $2,250
Total Monthly Price
$1,250 - $2,250
1 to 3 Bedroom Apartment Available Now

516 4th St

516 4th StTroy, NY 12180
Cost Per Sq.Ft.
property at 3134 6th Ave

$1,280 - $1,350

2 To 3 Bedroom Rentals

Available Now

3134 6th Ave

TroyNY12180

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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164 River St, Unit 1
$1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300
2 Bedroom Apartment Available Sep 1

164 River St, Unit 1

164 River StTroy, NY 12180
Cost Per Sq.Ft.
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159 River St, Unit 166B
$1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300
Studio Apartment Available Sep 1

159 River St, Unit 166B

159 River StTroy, NY 12180
Cost Per Sq.Ft.
  • Smoke Free
property at 162 River St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Condo for Rent

Available Sep 1

162 River St, Unit SAGE APARTMENTS

162 River St
TroyNY12180

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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444 River Lofts
Studio to 3 Bedroom Apartments

444 River Lofts

444 River StTroy, NY 12180
Student Housing
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Hudson Arthaus
1 to 3 Bedroom Apartments

Hudson Arthaus

621-623 River StTroy, NY 12180
  • Utilities Included
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O'Neil Apartments
1 Bedroom Apartments

O'Neil Apartments

2121 6th AveTroy, NY 12180
Senior Living
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Hudson Pointe
Studio to 2 Bedroom Apartments

Hudson Pointe

2 Stanton StTroy, NY 12180
Corporate Housing
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213-215 4th St
2 Bedroom Apartments

213-215 4th St

213-215 4th StTroy, NY 12180
  • Utilities Included
property at 516 4th St

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

516 4th St

TroyNY12180

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 130 5th Ave

$1,200 - $1,300

2 Bedroom Rentals

Available Now

130 5th Ave

TroyNY12180
property at 640 3rd Ave

$935 - $1,150

Studio To 2 Bedroom Rentals

Available Now

640 3rd Ave

WatervlietNY12189

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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Troy, NY Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Troy, NY

Pricing Updated: 07/26/2026

Current apartment rentals in the Troy, NY area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Troy Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Troy$3,500$750151

Cheapest Available Troy Apartments for Rent

 

The cheapest available apartment rental in Troy, NY is a 1 Bed unit found at The Delaware priced from $895. 236 Saratoga Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The DelawareOne Bedroom1BR,1BA$895
236 Saratoga Street236 Saratoga Street - 71BR,1BA$995
Parkline Apartments303 W1BR,1BA$1,095
The FultonStudio, 1 bathStudio,1BA$1,175
Diamond Rock Terrace Senior Apartments1 Bedroom1BR,1BA$1,175
Hudson Pointe1BR/1BA Tivoli (Midrise)1BR,1BA$1,192

Best Value Apartments for Rent in Troy, NY

As of July 26, 2026 the best value apartment in the Troy area is the $0.68 price per square foot 31 Sheridan Ave Model at 31 Sheridan Ave, Unit 31 Sheridan Ave #2 in the in the Troy neighborhood starting from $1,490. The second greatest value Troy apartment is the 126 4th St Model at 126 4th St, Unit 1 starting at $750 with a $0.58 price per square foot in the Downtown Troy 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.
31 Sheridan Ave, Unit 31 Sheridan Ave #231 Sheridan Ave3BR,1BA$0.68
126 4th St, Unit 1126 4th St1BR,1BA$0.58
140 6th Ave, Unit 140 6th Avenue, 1, Troy, NY, 12180140 6th Ave3BR,1BA$1.16
381 8th St381 8th St3BR,1BA$1.32
675 2nd Ave, Unit 675 2nd Avenue, Troy, NY, 12182675 2nd Ave3BR,1BA$1.26
125 2nd Ave, Unit 1W125 2nd Ave2BR,2BA$1.36
121 Ontario St, Unit 2nd floor121 Ontario St1BR,1BA$1.30
1639 5th Ave, Unit RPI all inclusive1639 5th Ave1BR,1BA$1.20
62 Lancaster St2Bed/1Bath2BR,1BA$1.37
The DelawareOne Bedroom1BR,1BA$1.19

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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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.

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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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Troy Overview

Located along the scenic Hudson River and just a stone's throw from the New York state capital of Albany, Troy is a historic city just waiting to make an impression. Bustling with working-class pride and home to the acclaimed Rensselaer Polytechnic Institute, this upstate New York hamlet is a fantastic place to discover.

Why live in Troy, NY?

Home to a number of higher educational institutions as well as plenty of public parks and other scenic natural perks, Troy rentals represent some of the best living in the upstate region of the Empire State. Still affectionately referred to as the 'Collar City' thanks to its history of textile production, Troy has much to offer in the way of job opportunities, as well as nearby amenities such as retail shopping.

Troy, NY
Population: 49,374

Ranked #780

in US Census Population by City

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Best Local Schools in
Troy, NY

School data provided by Great Schools

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

Explore Troy, NY Rentals by Map

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See the most popular apartments and homes in Troy, NY

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Frequently Asked Questions about Cheap Troy Apartments

What is a cheap apartment in Troy?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Troy is under $1,192.

What is the price of a cheap apartment in Troy?

The cheapest apartment in Troy is The Delaware which is listed at $895, while the average apartment in Troy costs $3,500.

What types of apartments are the cheapest in Troy?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 54 regular apartments in Troy that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Troy?

Cheap apartments in Troy have an average cost of $522 which is $2,978 cheaper than the average rent for all rentals in Troy.

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.

Articles, How-To's, and Tips

decorative image for The Best Neighborhoods for Renters While Attending College in Albany article

The Best Neighborhoods for Renters While Attending College in Albany

Written by: Patrick Ryan

Albany, the Capital city of New York state, is revered for its unique architecture and storied history.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.