Cheap Apartments for Rent in Troy, NY from $600 (59 Rentals)

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

property at 516 4th St

516 4th St

TroyNY12180

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 663 2nd Ave

663 2nd Ave

TroyNY12182

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 3 Andrews Rd

3 Andrews Rd

TroyNY12180
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444 River Lofts
Studio to 3 Bedroom Apartments

444 River Lofts

444 River StTroy, NY 12180

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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Hudson Pointe
Studio to 2 Bedroom Apartments

Hudson Pointe

2 Stanton StTroy, NY 12180
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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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The Hudson
1 Bedroom Apartments

The Hudson

201 River StTroy, NY 12180
  • Utilities Included

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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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: 09/15/2025

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$1,975$96592

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. Diamond Rock Terrace Senior Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The DelawareOne Bedroom1BR,1BA$895
Diamond Rock Terrace Senior Apartments2 Bedroom2BR,1BA$1,100
Village One ApartmentsRenovated StudioStudio,1BA$1,100
The FultonStudio, 1 bathStudio,1BA$1,150
Highland Club Apartments1 Bedroom, 1 Bath1BR,1BA$1,169
Menands GardensStudio AStudio,1BA$1,195
The Valley Green1 Bedroom - B1BR,1BA$1,195
Towers on Hudson0x1S1THStudio,1BA$1,200

Best Value Apartments for Rent in Troy, NY

As of September 16, 2025 the best value apartment in the Troy area is the $0.50 price per square foot 203 5th Ave Model at 203 5th Ave, Unit 203 5th ave front apt in the starting from $1,200. The second greatest value Troy apartment is the 9 Hawthorne Ave Model at 9 Hawthorne Ave, Unit 2nd floor starting at $1,800 with a $1.24 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.
203 5th Ave, Unit 203 5th ave front apt203 5th Ave1BR,1BA$0.50
9 Hawthorne Ave, Unit 2nd floor9 Hawthorne Ave3BR,1BA$1.24
3044 6th Ave, Unit Apt. 33044 6th Ave3BR,1BA$1.15
102 11th St, Unit 2nd Flr102 11th St3BR,1BA$1.41
221 Stow Ave., Hudson Terrace2B/1B2BR,1BA$1.35
658 4th St, Unit 1658 4th St2BR,1BA$1.09
School One2 Bedroom 1 Bath2BR,1BA$1.41
Hudson Pointe2BR/1BA Livingston (Midrise)2BR,1BA$1.41
The DelawareOne Bedroom1BR,1BA$1.19
110 Lancaster St, Unit B110 Lancaster St1BR,1BA$1.33

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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.

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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Getting Around Troy, NY

Walk Score®

66 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,200.

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 $1,975.

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 8 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 $425 which is $1,550 cheaper than the average rent for all rentals in Troy.

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.

decorative image for A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY article

A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY

Written by: Patrick Ryan

Albany, the capital of New York state, is a renter’s haven.  With ample housing supply, little traffic and a stable economy, Albany is trending upward. I'm Patrick, your ApartmentHomeLiving.

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.