Cheap Homes for Rent in Downtown Troy Neighborhood of Troy, NY from $500 (7 Rentals)

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

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.

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.

property at 260 Madison St

260 Madison St

TroyNY12180

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 The Fulton priced from $1,150. Cedar Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,230. Here are the most affordable Downtown Troy apartments for rent in Troy, NY:

Apartment ListingModel NameBed/BathPriced From
The FultonStudio, 1 bathStudio,1BA$1,150
Cedar Park Apartments1 Bedroom1BR,1BA$1,230
Towers on Hudson1x1A1TH1BR,1BA$1,375

Best Value Apartments for Rent in Downtown Troy, NY

As of June 24, 2025 the best value apartment in the Downtown Troy area is the $1.35 price per square foot Three Bedroom Model at Caldwell Apartments in the in the Downtown Troy neighborhood starting from $2,190. The second greatest value Downtown Troy apartment is the 160 River St Model at 160 River St, Unit 160 starting at $1,450 with a $0.97 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.
Caldwell ApartmentsThree Bedroom3BR,1.5BA$1.35
160 River St, Unit 160160 River St2BR,1BA$0.97
110 Ferry St, Unit #2110 Ferry St2BR,1BA$0.96
183 4th St, Unit 3rd Floor183 4th St1BR,1BA$1.42
164 River St, Unit 1164 River St2BR,1BA$1.18
184 River St, Unit 184 River Street184 River St1BR,1BA$1.18
G Properties at Park Place, LLC1 Bed w/ Loft and Solarium2BR,1BA$1.55
1639 5th Ave, Unit RPI all inclusive1639 5th Ave1BR,1BA$1.20
2309 17th St, Unit 12309 17th St1BR,1BA$1.33
118 4th St, Unit Brownstone apt top floor118 4th St1BR,1BA$1.28

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Frequently Asked Questions about Downtown Troy

What type of rentals are currently available in Downtown Troy?

There are currently 204 Apartments for Rent in Downtown Troy, NY with pricing that ranges from $700 to $3,800. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Troy ranging from $550 to $2,400.

What is the current price range for Rental Homes in Downtown Troy?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Troy ranges from $550 to $2,400 with an average monthly rent of $1,332.

How much are larger Three and Four Bedroom Rentals in Downtown Troy?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Troy range from $975 to $3,207, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $1,995. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $700.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.