
Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, NY from $775 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Troy area of Troy.


Total Monthly Price
126 4th St, Unit 1

261-1S 3rd St, Unit 2613rd.St.Apt.#2

78 Hill St, Unit 1 Front

Total Monthly Price
36 College Ave, Unit 2W

City Station South

Total Monthly Price
167 2nd St, Unit 167 2nd St #3

Total Monthly Price
266 8th St, Unit 1
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.

Caldwell Apartments

118 4th St, Unit Brownstone apt top floor

Total Monthly Price
120 Jefferson St, Unit 3

Cedar Park Apartments

The Fulton

Total Monthly Price
346 2nd St, Unit 346 2nd St #2

1639 5th Ave, Unit RPI all inclusive

Towers on Hudson
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.

Sol Apartments

162 River St, Unit SAGE APARTMENTS

Total Monthly Price
164 River St, Unit 1

Total Monthly Price
159 River St, Unit 166B

444 River Lofts

2208 12th St

Hudson Arthaus

O'Neil Apartments
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.

16 2nd St

3 Ashland Pl

1167 5th Ave

213-215 4th St

1210 5th Ave

114 Ida St

5 Marshall St

Cornerstone Senior Apartments Apartments
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.
Downtown Troy, Troy, NY Local Guide

How much does it cost to rent an apartment in Downtown Troy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Troy Studio Apartments | $1,476 | $1,000 | $1,990 |
| Downtown Troy 1 Bedroom Apartments | $1,666 | $860 | $2,102 |
| Downtown Troy 2 Bedroom Apartments | $2,161 | $1,134 | $3,880 |
| Downtown Troy 3 Bedroom Apartments | $1,659 | $999 | $2,799 |
| Downtown Troy 4 Bedroom Apartments | $1,791 | $984 | $3,635 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Downtown Troy Neighborhood of Troy, NY.
See all Apartments in TroyExplore Troy
Downtown Troy, Troy, NY Local Guide
- Nearby Troy neighborhoods
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- ZIP codes
- Local Counties
Cheapest Available Downtown Troy Apartments for Rent
 The cheapest available apartment rental in the Downtown Troy area of Troy, NY is a 3 Beds unit found at City Station South priced from $1,065. Caldwell Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Downtown Troy apartments for rent in Troy, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| City Station South | Furnished 3 Bed / 1 Bath | 3BR,1BA | $1,065 |
| Caldwell Apartments | Studio | Studio,1BA | $1,100 |
| The Fulton | Studio, 1 bath | Studio,1BA | $1,175 |
Best Value Apartments for Rent in Downtown Troy, NY
As of September 09, 2026 the best value apartment in the Downtown Troy area is the $0.68 price per square foot 126 4th St Model at 126 4th St, Unit 1 in the in the Downtown Troy neighborhood starting from $890. The second greatest value Downtown 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 Downtown Troy apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 126 4th St, Unit 1 | 126 4th St | 1BR,1BA | $0.68 |
| 552 Congress St, Unit 3 | 552 Congress St | 2BR,1BA | $1.23 |
| 164 River St, Unit 1 | 164 River St | 2BR,1BA | $1.18 |
| 1639 5th Ave, Unit RPI all inclusive | 1639 5th Ave | 1BR,1BA | $1.20 |
| 60 George St, Unit 1 | 60 George St | 2BR,1BA | $1.45 |
| 1815 Highland Ave, Unit 1815 Highland Ave #2 | 1815 Highland Ave | 3BR,1BA | $1.49 |
| College Suites at City Station East | 2 Bedroom 2 Bath | 2BR,2BA | $1.46 |
| 118 4th St, Unit Brownstone apt top floor | 118 4th St | 1BR,1BA | $1.28 |
| 36 College Ave, Unit 2W | 36 College Ave | Studio ,1BA | $1.16 |
| 343 Congress St, Unit B | 343 Congress St | 1BR,1BA | $1.08 |
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 ArticleNavigating 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 ArticleReal 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 ArticleQuick 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.
Pet Friendly LifestyleDowntown Troy, Troy, NY
Ranked #1
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Troy Apartments
What is a cheap apartment in Downtown Troy?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Troy is under $1,175.
What is the price of a cheap apartment in Downtown Troy?
The cheapest apartment in Downtown Troy is Towers on Hudson which is listed at $1,375, while the average apartment in Downtown Troy costs $1,689.
What types of apartments are the cheapest in Downtown 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 Downtown 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 Downtown Troy?
Cheap apartments in Downtown Troy have an average cost of $359 which is $1,330 cheaper than the average rent for all rentals in Downtown 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

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.

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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.