Cheap Apartments for Rent in Troy, NY from $600 (78 Rentals)

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

property at 166 2nd Ave

$1,100

Studio Rentals

Available Now

166 2nd Ave

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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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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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.

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 3132 6th Ave

$1,300 - $1,400

2 To 3 Bedroom Rentals

Available Now

3132 6th Ave

TroyNY12180
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444 River Lofts
Studio to 3 Bedroom Apartments

444 River Lofts

444 River StTroy, NY 12180
Student Housing

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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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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: 04/26/2026

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$3,225$750167

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. Parkline Apartments in the Downtown Troy neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The DelawareOne Bedroom1BR,1BA$895
Parkline ApartmentsG4Studio,1BA$1,050
Cedar Park Apartments1 Bedroom1BR,1BA$1,055
Caldwell ApartmentsStudioStudio,1BA$1,175
The FultonStudio, 1 bathStudio,1BA$1,175
Diamond Rock Terrace Senior Apartments1 Bedroom1BR,1BA$1,175

Best Value Apartments for Rent in Troy, NY

As of April 26, 2026 the best value apartment in the Troy area is the $1.02 price per square foot 3227 7th Ave Model at 3227 7th Ave, Unit Apartment 1 (First Floor) in the starting from $1,425. The second greatest value Troy apartment is the 3229 7th Ave Model at 3229 7th Ave, Unit 2 Second Floor Apartment starting at $1,425 with a $1.02 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.
3227 7th Ave, Unit Apartment 1 (First Floor)3227 7th Ave3BR,1BA$1.02
3229 7th Ave, Unit 2 Second Floor Apartment3229 7th Ave4BR,1BA$1.02
126 4th St, Unit 1126 4th St1BR,1BA$0.58
131 Orchard Ave, Unit House for RENT131 Orchard Ave1BR,1BA$0.96
110 Williams Street Aly, Unit RPI HOUSING 2 bed110 Williams Street Aly2BR,1BA$1.08
196 Main St (unit 1)196 Main St (unit 1)2BR,1BA$1.15
221 Stow Ave., Hudson Terrace2B/1B2BR,1BA$1.35
1639 5th Ave, Unit RPI all inclusive1639 5th Ave1BR,1BA$1.20
118 4th St, Unit Brownstone apt top floor118 4th St1BR,1BA$1.28
The DelawareOne Bedroom1BR,1BA$1.19

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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 $1,175.

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 $3,225.

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 109 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 $685 which is $2,540 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 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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.