Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, NY from $700 (39 Rentals)

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

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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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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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

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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O'Neil Apartments
1 Bedroom Apartments

O'Neil Apartments

2121 6th AveTroy, NY 12180
Senior Living
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213-215 4th St
2 Bedroom Apartments

213-215 4th St

213-215 4th StTroy, NY 12180
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The Hudson
1 Bedroom Apartments

The Hudson

201 River StTroy, NY 12180
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2 River
Studio to 3 Bedroom Apartments

2 River

2 River StTroy, NY 12180
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400 River St
1 Bedroom Apartments

400 River St

400 River StTroy, NY 12180
  • Utilities Included

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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property at 318 27th St

$1,400

2 Bedroom Rentals

Available Now

318 27th St

WatervlietNY12189
Showing Results 1-39, Page 1 of 1

Downtown Troy, Troy, NY Local Guide

Cheapest Available Downtown Troy Apartments for Rent

 

The cheapest available apartment rental in the Downtown Troy area of Troy, NY is a Studio unit found at Parkline Apartments priced from $1,050. The Fulton has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here are the most affordable Downtown Troy apartments for rent in Troy, NY:

Apartment ListingModel NameBed/BathPriced From
Parkline ApartmentsG4Studio,1BA$1,050
The FultonStudio, 1 bathStudio,1BA$1,175
Flanigan Square Lofts0 bed 1 BathStudio,1BA$1,200
Cedar Park ApartmentsLarge 2 Bedroom2BR,1BA$1,273

Best Value Apartments for Rent in Downtown Troy, NY

As of January 19, 2026 the best value apartment in the Downtown Troy area is the $1.03 price per square foot 160 River St Model at 160 River St, Unit 160 in the in the Downtown Troy neighborhood starting from $1,550. The second greatest value Downtown 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 Downtown Troy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
160 River St, Unit 160160 River St2BR,1BA$1.03
126 4th St, Unit 1126 4th St1BR,1BA$0.58
159 River St, Unit 166B159 River StStudio ,1BA$1.06
182 River St, Unit 166 River St apt C182 River St2BR,1BA$1.08
164 River St, Unit 1164 River St2BR,1BA$1.18
184 River St, Unit 184 River Street184 River St1BR,1BA$1.18
2636 5th Ave, Unit 22636 5th Ave3BR,1BA$1.45
116 9th St, Unit Floor 2116 9th St2BR,1BA$1.35
Cedar Park ApartmentsLarge 2 Bedroom2BR,1BA$1.50
Towers on Hudson1x1A1TH1BR,1BA$1.75

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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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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Pet Friendly Lifestyle
Downtown Troy, Troy, NY

Ranked #1

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,273.

What is the price of a cheap apartment in Downtown Troy?

The cheapest apartment in Downtown Troy is Parkline Apartments which is listed at $1,095, while the average apartment in Downtown Troy costs $1,943.

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 54 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 $486 which is $1,457 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

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!