Cheap Apartments for Rent in Troy, OH from $500 (27 Rentals)

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Troy Village Apartments
Studio to 2 Bedroom Apartments

Troy Village Apartments

1415-1425 Henley RdTroy, OH 45373
  • Utilities Included

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.

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1401 Wayne St
2 Bedroom Apartments

1401 Wayne St

1401 Wayne StTroy, OH 45373
  • Utilities Included
  • Smoke Free
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1268 Todd Lane
1 to 3 Bedroom Apartments

1268 Todd Lane

1238 Todd LnTroy, OH 45373
  • Utilities Included

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.

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1525 Hawk Cir
Studio Apartments

1525 Hawk Cir

1525 Hawk CirTroy, OH 45373
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Terrace Ridge Apartments
Studio to 2 Bedroom Apartments

Terrace Ridge Apartments

1312 McKaig AveTroy, OH 45373
Senior Living
  • Utilities Included
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Heritage Apartments
1 to 2 Bedroom Apartments

Heritage Apartments

1428-1470 Henley RdTroy, OH 45373
  • Utilities Included
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Stouder Center
Studio to 3 Bedroom Apartments

Stouder Center

1100 Wayne StTroy, OH 45373
  • Utilities Included

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.

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1535 Hawk Cir
2 Bedroom Apartments

1535 Hawk Cir

1535 Hawk CirTroy, OH 45373
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1361 W Trade Sq
1 Bedroom Apartments

1361 W Trade Sq

1361 W Trade SqTroy, OH 45373
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1403 Wayne St
2 Bedroom Apartments

1403 Wayne St

1403 Wayne StTroy, OH 45373
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304 S Cherry St
2 Bedroom Apartments

304 S Cherry St

304 S Cherry StTroy, OH 45373

Dayton's Best Affordable Neighborhoods

Learn about Dayton and the best places to live with original content written by our Local Expert Kim Mooneyham

Troy, OH Local Guide

Cheapest Available Troy Apartments for Rent

 

The cheapest available apartment rental in Troy, OH is a 1 Bed unit found at McKaig Court Apartments in the Stanfield Place neighborhood priced from $800. Towne Park in the Stanfield Place neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,277. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McKaig Court ApartmentsApartment11BR,1BA$800
Towne ParkAshford1BR,1BA$1,277
Redwood Troy Arthur RoadCapewood2BR,2BA$2,199

Best Value Apartments for Rent in Troy, OH

As of October 26, 2025 the best value apartment in the Troy area is the $1.36 price per square foot Capewood Model at Redwood Troy Arthur Road in the in the Stanfield Place neighborhood starting from $2,199. The second greatest value Troy apartment is the 1299 Hilltop Cir Model at 1299 Hilltop Cir, Unit 101 starting at $1,250 with a $1.09 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.
Redwood Troy Arthur RoadCapewood2BR,2BA$1.36
1299 Hilltop Cir, Unit 1011299 Hilltop Cir3BR,1BA$1.09
Towne ParkAshford1BR,1BA$1.62
McKaig Court ApartmentsApartment22BR,1BA$1.17

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Getting Around Troy, OH

Walk Score®

47 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Troy Apartments

How much is rent for a Cheap One Bedroom Troy Apartment?

The lowest price for a Cheap One Bedroom Troy Apartment is $800 at McKaig Court Apartments.

What is the lowest price for a Cheap Two Bedroom Troy Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Troy is starting from $900 at McKaig Court Apartments.

What is the most affordable Troy Three Bedroom Apartment?

The best deal on a cheap Troy Three Bedroom Apartment rental is at Towne Park and starts from $1,627.

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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Learn About the Top Affordable Neighborhoods to Rent in Dayton, OH

Written by: Kim Mooneyham

Once an industrial powerhouse in southwest Ohio, Dayton is gradually changing from a strictly blue-collar city to a light blue-collar/white-collar city with education, tech, and urban development opportunities.

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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.