Cheap Homes for Rent in Troy, NY from $500 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in 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

Troy, NY Local Guide

Cheapest Neighborhoods for Apartments in Troy, NY

Pricing Updated: 07/03/2025

Current apartment rentals in the Troy, NY area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Troy Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Troy$2,050$70083

Cheapest Available Troy Apartments for Rent

 

The cheapest available apartment rental in Troy, NY is a 1 Bed unit found at The Valley Green priced from $895. The Delaware has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Valley GreenShared 2 Bed 1 Bath B1BR,1BA$895
The DelawareOne Bedroom1BR,1BA$895
Diamond Rock Terrace Senior Apartments1 Bedroom1BR,1BA$1,100
The Overlook1 Bed/1 Bath Classic1BR,1BA$1,100
Hudson Pointe2BR/1BA Livingston (Midrise)2BR,1BA$1,141

Best Value Apartments for Rent in Troy, NY

As of July 03, 2025 the best value apartment in the Troy area is the $0.76 price per square foot 105 Hudson Ave Model at 105 Hudson Ave, Unit APT 2 in the starting from $1,500. The second greatest value 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 Troy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
105 Hudson Ave, Unit APT 2105 Hudson Ave2BR,1BA$0.76
160 River St, Unit 160160 River St2BR,1BA$0.97
110 Ferry St, Unit #2110 Ferry St2BR,1BA$0.96
627 4th Ave, Unit 2627 4th Ave2BR,1BA$1.22
184 River St, Unit 184 River Street184 River St1BR,1BA$1.18
164 River St, Unit 1164 River St2BR,1BA$1.18
157 3rd St, Unit 1157 3rd St2BR,1BA$1.30
1639 5th Ave, Unit RPI all inclusive1639 5th Ave1BR,1BA$1.20
118 4th St, Unit Brownstone apt top floor118 4th St1BR,1BA$1.28
The DelawareOne Bedroom1BR,1BA$1.19

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Frequently Asked Questions about Troy

What type of rentals are currently available in Troy?

There are currently 535 Apartments for Rent in Troy, NY with pricing that ranges from $700 to $3,980. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Troy ranging from $550 to $2,900.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Troy ranges from $550 to $2,900 with an average monthly rent of $1,588.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Troy range from $975 to $3,980, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,800 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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A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY

Written by: Patrick Ryan

Albany, the capital of New York state, is a renter’s haven.  With ample housing supply, little traffic and a stable economy, Albany is trending upward. I'm Patrick, your ApartmentHomeLiving.

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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.

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

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.