Cheap Homes for Rent in Troy, NY from $700 (18 Rentals)

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

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.

property at 516 4th St

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

516 4th St

TroyNY12180
property at 130 5th Ave

$1,200 - $1,300

2 Bedroom Rentals

Available Now

130 5th Ave

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.

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

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.

Troy, NY Local Guide

Cheapest Neighborhoods for Apartments in Troy, NY

Pricing Updated: 07/29/2026

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$3,500$750151

Cheapest Available Troy Apartments for Rent

 

The cheapest available apartment rental in Troy, NY is a 1 Bed unit found at The Delaware priced from $895. 236 Saratoga Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The DelawareOne Bedroom1BR,1BA$895
236 Saratoga Street236 Saratoga Street - 71BR,1BA$995
Parkline Apartments303 W1BR,1BA$1,095
The FultonStudio, 1 bathStudio,1BA$1,175
Diamond Rock Terrace Senior Apartments1 Bedroom1BR,1BA$1,175

Best Value Apartments for Rent in Troy, NY

As of July 29, 2026 the best value apartment in the Troy area is the $0.68 price per square foot 31 Sheridan Ave Model at 31 Sheridan Ave, Unit 31 Sheridan Ave #2 in the in the Troy neighborhood starting from $1,490. The second greatest value 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 Troy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
31 Sheridan Ave, Unit 31 Sheridan Ave #231 Sheridan Ave3BR,1BA$0.68
126 4th St, Unit 1126 4th St1BR,1BA$0.58
140 6th Ave, Unit 140 6th Avenue, 1, Troy, NY, 12180140 6th Ave3BR,1BA$1.16
381 8th St381 8th St3BR,1BA$1.32
675 2nd Ave, Unit 675 2nd Avenue, Troy, NY, 12182675 2nd Ave3BR,1BA$1.26
121 Brunswick Rd, Unit APT 6121 Brunswick Rd1BR,1BA$1.32
125 2nd Ave, Unit 1W125 2nd Ave2BR,2BA$1.36
121 Ontario St, Unit 2nd floor121 Ontario St1BR,1BA$1.30
1639 5th Ave, Unit RPI all inclusive1639 5th Ave1BR,1BA$1.20
The DelawareOne Bedroom1BR,1BA$1.19

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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Troy, NY
Population: 49,374

Ranked #780

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Troy

What type of rentals are currently available in Troy?

There are currently 569 Apartments for Rent in Troy, NY with pricing that ranges from $750 to $3,880. There are also 79 Single Family Homes for rent, Condos, and Townhome rentals currently available in Troy ranging from $730 to $3,200.

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 $730 to $3,200 with an average monthly rent of $1,602.

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 $999 to $3,035, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $984.

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

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The Best Neighborhoods for Renters While Attending College in Albany

Written by: Patrick Ryan

Albany, the Capital city of New York state, is revered for its unique architecture and storied history.

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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.