Cheap Homes for Rent in Troy, NY from $600 (16 Rentals)

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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.

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.

property at 516 4th St

516 4th St

TroyNY12180

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 539 Congress St

539 Congress St

TroyNY12180

Troy, NY Local Guide

Cheapest Neighborhoods for Apartments in Troy, NY

Pricing Updated: 12/04/2025

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$1,896$750148

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. The Peabody Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The DelawareOne Bedroom1BR,1BA$895
The Peabody Apartments1331BR,1BA$1,025
Diamond Rock Terrace Senior Apartments2 Bedroom2BR,1BA$1,100
The Valley Green1 Bedroom - B1BR,1BA$1,125
Highland Club Apartments1 Bedroom, 1 Bath1BR,1BA$1,125

Best Value Apartments for Rent in Troy, NY

As of December 04, 2025 the best value apartment in the Troy area is the $0.82 price per square foot 541 5th Ave Model at 541 5th Ave, Unit 2 in the starting from $1,850. The second greatest value Troy apartment is the 2 Front St Model at 2 Front St, Unit Floor 2 starting at $1,800 with a $1.17 price per square foot . 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.
541 5th Ave, Unit 2541 5th Ave3BR,1BA$0.82
2 Front St, Unit Floor 22 Front St4BR,1.5BA$1.17
160 River St, Unit 160160 River St2BR,1BA$1.03
126 4th St, Unit 1126 4th St1BR,1BA$0.58
159 River St, Unit 166B159 River StStudio ,1BA$1.06
3044 6th Ave, Unit Apt. 13044 6th Ave2BR,1BA$1.08
182 River St, Unit 166 River St apt C182 River St2BR,1BA$1.08
184 River St, Unit 184 River Street184 River St1BR,1BA$1.18
164 River St, Unit 1164 River St2BR,1BA$1.18
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

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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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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 557 Apartments for Rent in Troy, NY with pricing that ranges from $750 to $3,880. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Troy ranging from $695 to $3,600.

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 $695 to $3,600 with an average monthly rent of $1,927.

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 $775 to $3,840, while Three Bedroom Homes, Condos, and Townhomes for rent range from $695 to $2,300. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $775.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!