Cheap Apartments for Rent in Troy, NY from $860 (126 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
343 Congress St, Unit B
$860

Total Monthly Price

Base Rent$860
Total Monthly Price$860
1 Bedroom Apartment Available Now

343 Congress St, Unit B

343 Congress StTroy, NY 12180
Furnished
  • Smoke Free
close
View Me
36 College Ave, Unit 2W
$1,000

Total Monthly Price

Base Rent$1,000
Total Monthly Price$1,000
Studio Apartment Available Now

36 College Ave, Unit 2W

36 College AveTroy, NY 12180
Cost Per Sq.Ft.
property at 1261 NY-7
$1,025 - $1,050
1 Bedroom Rentals
Available Now
Affordability

1261 NY-7

TroyNY12180

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.

Read Article

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.

Read Article
close
View Me
516 4th St
$1,250 - $2,250

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
$1,250 - $1,325
2 To 3 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

3134 6th Ave

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.

Read Article
close
View Me
164 River St, Unit 1
$1,300

Total Monthly Price

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

164 River St, Unit 1

164 River StTroy, NY 12180
Cost Per Sq.Ft.
  • Smoke Free
close
View Me
159 River St, Unit 166B
$1,300

Total Monthly Price

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

Base Rent$1,300
Total Monthly Price$1,300
2 Bedroom, 1 Bath Condo for Rent
Available Oct 1
Cost Per Sq.Ft.

162 River St, Unit SAGE APARTMENTS

162 River St
TroyNY12180
  • Smoke Free

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.

Read Article
close
View Me
313 4th St, Unit #2
$1,400

Total Monthly Price

Base Rent$1,400
Total Monthly Price$1,400
2 Bedroom Apartment Available Sep 15

313 4th St, Unit #2

313 4th StTroy, NY 12180
  • Smoke Free

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.

Read Article
Showing Results 1-50, Page 1 of 3

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: 09/09/2026

Current apartment rentals in the Troy, NY area range in price from $860 to $3,880 with an overall median price of $1,689. Here is today’s list neighborhoods with the lowest median pricing for Troy Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Troy$1,689$860159

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. Hudson Pointe in the 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
Hudson PointeBeacon StudioStudio,1BA$1,050
City Station SouthFurnished 3 Bed / 1 Bath3BR,1BA$1,065
236 Saratoga Street236 Saratoga Street - 21BR,1BA$1,095
Caldwell ApartmentsStudioStudio,1BA$1,100

Best Value Apartments for Rent in Troy, NY

As of September 09, 2026 the best value apartment in the Troy area is the $0.73 price per square foot 504 19th St Model at 504 19th St, Unit 504 19th st Waterville NY 12189 in the starting from $1,700. The second greatest value Troy apartment is the 552 Congress St Model at 552 Congress St, Unit 3 starting at $1,600 with a $1.23 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.
504 19th St, Unit 504 19th st Waterville NY 12189504 19th St4BR,1BA$0.73
552 Congress St, Unit 3552 Congress St2BR,1BA$1.23
126 4th St, Unit 1126 4th St1BR,1BA$0.68
164 River St, Unit 1164 River St2BR,1BA$1.18
1208 6th Ave, Unit 21208 6th Ave2BR,1BA$1.25
1639 5th Ave, Unit RPI all inclusive1639 5th Ave1BR,1BA$1.20
157 3rd St, Unit 1157 3rd St2BR,1BA$1.20
36 College Ave, Unit 2W36 College AveStudio ,1BA$1.16
343 Congress St, Unit B343 Congress St1BR,1BA$1.08
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.

Read Article
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

decorative image of people examining a giant globe and floating graphs

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

Decorative image of map

See the most popular apartments and homes in Troy, NY

View Map
Troy, NY Apartments Map
View Map
Troy, NY Rental Homes Map

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 $1,100.

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 $1,689.

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 37 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 $359 which is $1,330 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.

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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 Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.