Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, NY from $700 (40 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 1
$1,190
Total Monthly Price

Total Monthly Price

Base Rent
$1,190
Total Monthly Price
$1,190
1 Bedroom Apartment Available Now

266 8th St, Unit 1

266 8th StTroy, NY 12180

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.

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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 Sep 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

Total Monthly Price

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

2 Bedroom, 1 Bath Condo for Rent

Available Sep 1

162 River St, Unit SAGE APARTMENTS

162 River St
TroyNY12180

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.

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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 Sep 1

164 River St, Unit 1

164 River StTroy, NY 12180
Cost Per Sq.Ft.
  • Smoke Free
property at 3 Cypress St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

3 Cypress St

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.

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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
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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

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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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

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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Showing Results 1-40, 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 1 Bed unit found at Parkline Apartments priced from $1,095. 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 Apartments303 W1BR,1BA$1,095
The FultonStudio, 1 bathStudio,1BA$1,175
Caldwell ApartmentsStudioStudio,1BA$1,290
Flanigan Square Lofts0 bed 1 BathStudio,1BA$1,350
Towers on Hudson1x1A1TH1BR,1BA$1,375

Best Value Apartments for Rent in Downtown Troy, NY

As of July 26, 2026 the best value apartment in the Downtown Troy area is the $1.71 price per square foot 2214 12th St Model at 2214 12th St, Unit 1 in the in the Downtown Troy neighborhood starting from $2,600. 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.
2214 12th St, Unit 12214 12th St4BR,1BA$1.71
126 4th St, Unit 1126 4th St1BR,1BA$0.58
183 4th St, Unit 3rd Floor183 4th St1BR,1BA$1.41
381 8th St381 8th St3BR,1BA$1.32
167 2nd St, Unit 167 2nd St #1 Troy, NY 12180167 2nd St1BR,1BA$1.79
1639 5th Ave, Unit RPI all inclusive1639 5th Ave1BR,1BA$1.20
60 George St60 George St2BR,1BA$1.40
2309 17th St, Unit 12309 17th St1BR,1BA$1.44
Towers on Hudson1x1A1TH1BR,1BA$1.75
Incite at TroyB32BR,1BA$1.84

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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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 $1,375.

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 $3,500.

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.

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 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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.