
Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, NY from $700 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Troy area of Troy.


Parkline Apartments

4 Irving Pl

280 4th St

118 4th St, Unit Brownstone apt top floor

58 Jefferson St

The Fulton

1639 5th Ave, Unit RPI all inclusive

110 Williams Street Aly, Unit RPI HOUSING 2 bed
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.

Towers on Hudson

36 13th St

Cedar Park Apartments

66 Jefferson St

1038 6th Ave

Troy Gardens

Caldwell Apartments

Total Monthly Price
164 River St, Unit 1

Total Monthly Price
159 River St, Unit 166B
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.

66 Jefferson St

2309 17th St, Unit 1

Flanigan Square Lofts

Total Monthly Price
184 River St, Unit 184 River Street

Total Monthly Price
182 River St, Unit 166 River St apt C

40 River St

The Rise Collar City

444 River Lofts

Hudson Arthaus
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.

O'Neil Apartments

213-215 4th St

The Hudson

2 River

400 River St

Total Monthly Price
307 25th St, Unit 307

1826 3rd Ave

Total Monthly Price
2127 2nd Ave

Cornerstone Senior Apartments Apartments
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.
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 | $1,474 | $1,050 | $1,900 |
| Downtown Troy 1 Bedroom Apartments | $1,642 | $750 | $2,500 |
| Downtown Troy 2 Bedroom Apartments | $1,817 | $915 | $3,880 |
| Downtown Troy 3 Bedroom Apartments | $1,484 | $775 | $3,237 |
| Downtown Troy 4 Bedroom Apartments | $1,744 | $775 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 36 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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- Local Counties
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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 Hudson Arthaus priced from $1,012. Parkline Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Downtown Troy apartments for rent in Troy, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hudson Arthaus | One Bedroom | 1BR,1BA | $1,012 |
| Parkline Apartments | G4 | Studio,1BA | $1,050 |
| The Fulton | Studio, 1 bath | Studio,1BA | $1,175 |
| Cedar Park Apartments | Large 2 Bedroom | 2BR,1BA | $1,238 |
| Caldwell Apartments | Studio | Studio,1BA | $1,290 |
Best Value Apartments for Rent in Downtown Troy, NY
As of March 11, 2026 the best value apartment in the Downtown Troy area is the $1.60 price per square foot 1216 Jacob St Model at 1216 Jacob St, Unit Unit #1 in the in the Downtown Troy neighborhood starting from $2,400. The second greatest value Downtown Troy apartment is the 2127 2nd Ave Model at 2127 2nd Ave starting at $1,650 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. |
|---|---|---|---|
| 1216 Jacob St, Unit Unit #1 | 1216 Jacob St | 3BR,1BA | $1.60 |
| 2127 2nd Ave | 2127 2nd Ave | 3BR,1BA | $1.23 |
| 126 4th St, Unit 1 | 126 4th St | 1BR,1BA | $0.58 |
| 110 Williams Street Aly, Unit RPI HOUSING 2 bed | 110 Williams Street Aly | 2BR,1BA | $1.00 |
| Hendrick Hudson | B1-2 | 2 Bed/ 1 Bath | 2BR,1BA | $1.84 |
| 1639 5th Ave, Unit RPI all inclusive | 1639 5th Ave | 1BR,1BA | $1.20 |
| 118 4th St, Unit Brownstone apt top floor | 118 4th St | 1BR,1BA | $1.28 |
| Towers on Hudson | 1x1A1TH | 1BR,1BA | $1.75 |
| Hudson Arthaus | One Bedroom | 1BR,1BA | $1.37 |
| Incite at Troy | B3 | 2BR,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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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 $1,290.
What is the price of a cheap apartment in Downtown Troy?
The cheapest apartment in Downtown Troy is Hudson Arthaus which is listed at $1,012, while the average apartment in Downtown Troy costs $3,225.
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 97 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 $566 which is $2,659 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.

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.