Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, NY from $700 (47 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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266 8th St, Unit 3
$1,090
Total Monthly Price

Total Monthly Price

Base Rent
$1,090
Total Monthly Price
$1,090
1 Bedroom Apartment Available Now

266 8th St, Unit 3

266 8th StTroy, NY 12180
Affordability

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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159 River St, Unit 166B
$1,300
Total Monthly Price

Total Monthly Price

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

159 River St, Unit 166B

159 River StTroy, NY 12180
Cost Per Sq.Ft.
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property at 162 River St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Condo for Rent

Available Now

162 River St, Unit SAGE APARTMENTS

162 River St
TroyNY12180
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164 River St, Unit 1
$1,300
Total Monthly Price

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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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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property at 190 1st St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

1 Bedroom, 1 Bath Townhome for Rent

Available Now

190 1st St

TroyNY12180

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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property at 3 Cypress St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

1 Bedroom, 1 Bath Home for Rent

Available Aug 31

3 Cypress St

TroyNY12180
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444 River Lofts
Studio to 3 Bedroom Apartments

444 River Lofts

444 River StTroy, NY 12180
Student Housing

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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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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213-215 4th St
2 Bedroom Apartments

213-215 4th St

213-215 4th StTroy, NY 12180
  • Utilities Included
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2 River
Studio to 3 Bedroom Apartments

2 River

2 River StTroy, NY 12180
  • Utilities Included
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400 River St
1 Bedroom Apartments

400 River St

400 River StTroy, NY 12180
  • Utilities Included
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The Hudson
1 Bedroom Apartments

The Hudson

201 River StTroy, NY 12180
  • Utilities Included
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33 George St, Unit 1
$1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350
2 Bedroom Apartment Available Jun 15

33 George St, Unit 1

33 George StGreen Island, NY 12183
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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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Showing Results 1-47, 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. Cedar Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,132. Here are the most affordable Downtown Troy apartments for rent in Troy, NY:

Apartment ListingModel NameBed/BathPriced From
Parkline ApartmentsG4Studio,1BA$1,050
Cedar Park Apartments1 Bedroom1BR,1BA$1,132
The FultonStudio, 1 bathStudio,1BA$1,175
Caldwell ApartmentsStudioStudio,1BA$1,290

Best Value Apartments for Rent in Downtown Troy, NY

As of June 11, 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
110 Williams Street Aly, Unit RPI HOUSING 2 bed110 Williams Street Aly2BR,1BA$1.08
182 River St, Unit 166 River St apt C182 River St2BR,1BA$1.13
164 River St, Unit 1164 River St2BR,1BA$1.18
184 River St, Unit 184 River Street184 River St1BR,1BA$1.23
1822 Highland Ave, Unit 1822 Highland Ave #21822 Highland Ave3BR,1BA$1.35
1849 Highland Ave, Unit Apt 11849 Highland Ave3BR,1BA$1.40
College Suites at City Station East2 Bedroom 2 Bath2BR,2BA$1.40

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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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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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 $1,290.

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 $2,068.

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 85 regular apartments in Downtown Troy that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.