Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, NY from $775 (32 Rentals)

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

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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
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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.

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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
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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.
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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.
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444 River Lofts
Studio to 3 Bedroom Apartments

444 River Lofts

444 River StTroy, NY 12180
Student Housing
property at 2208 12th St
$850

Total Monthly Price

Base Rent$850

Total Monthly Price$850
5 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2208 12th St

TroyNY12180
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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

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.

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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 1210 5th Ave
$1,245
2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

1210 5th Ave

TroyNY12180
property at 114 Ida St
$1,295
3 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

114 Ida St

TroyNY12180

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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 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 ListingModel NameBed/BathPriced From
City Station SouthFurnished 3 Bed / 1 Bath3BR,1BA$1,065
Caldwell ApartmentsStudioStudio,1BA$1,100
The FultonStudio, 1 bathStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
126 4th St, Unit 1126 4th St1BR,1BA$0.68
552 Congress St, Unit 3552 Congress St2BR,1BA$1.23
164 River St, Unit 1164 River St2BR,1BA$1.18
1639 5th Ave, Unit RPI all inclusive1639 5th Ave1BR,1BA$1.20
60 George St, Unit 160 George St2BR,1BA$1.45
1815 Highland Ave, Unit 1815 Highland Ave #21815 Highland Ave3BR,1BA$1.49
College Suites at City Station East2 Bedroom 2 Bath2BR,2BA$1.46
118 4th St, Unit Brownstone apt top floor118 4th St1BR,1BA$1.28
36 College Ave, Unit 2W36 College AveStudio ,1BA$1.16
343 Congress St, Unit B343 Congress St1BR,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.

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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.

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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.

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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 $1,175.

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

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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.

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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.

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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.

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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.