Cheap Apartments for Rent in Troy, OH from $500 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 38 S Norwich Rd

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 1 Bath Townhome for Rent

Available Now

38 S Norwich Rd

TroyOH45373

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
close
View Me
Terrace Ridge Apartments
Studio to 2 Bedroom Apartments

Terrace Ridge Apartments

1312 McKaig AveTroy, OH 45373
Senior Living
  • Utilities Included
close
View Me
Troy Village Apartments
Studio to 2 Bedroom Apartments

Troy Village Apartments

1415-1425 Henley RdTroy, OH 45373
  • Utilities Included
close
View Me
Heritage Apartments
1 to 2 Bedroom Apartments

Heritage Apartments

1428-1470 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.

Read Article
close
View Me
1325 Trade Sq
2 Bedroom Apartments

1325 Trade Sq

1325 Trade Sq WTroy, OH 45373
  • Utilities Included
close
View Me
1401 Wayne St
2 Bedroom Apartments

1401 Wayne St

1401 Wayne StTroy, OH 45373
  • Utilities Included
  • Smoke Free
close
View Me
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.

Read Article

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.

Read Article
Showing Results 1-28, Page 1 of 1

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. 1268 Todd Lane has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McKaig Court Apartments1 Bedroom1BR,1BA$800
1268 Todd LaneTodd 1 Bed / 1 Bath1BR,1BA$875
Graceview ApartmentsGraceview: 1 BD / 1 BA1BR,1BA$995
Traditions ApartmentsTwo Bedroom Garden Style2BR,1BA$1,050
North Troy Apartments & Townhomes2 BD / 1 BA: North Troy Apartments & Townhomes2BR,1BA$1,095
Redwood Troy Arthur RoadForestwood2BR,2BA$1,774

Best Value Apartments for Rent in Troy, OH

As of June 11, 2026 the best value apartment in the Troy area is the $1.00 price per square foot 2 N Market St Model at 2 N Market St, Unit C in the in the Stanfield Place neighborhood starting from $2,000. The second greatest value Troy apartment is the Forestwood Model at Redwood Troy Arthur Road starting at $1,774 with a $1.37 price per square foot in the Stanfield Place 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.
2 N Market St, Unit C2 N Market St3BR,1BA$1.00
Redwood Troy Arthur RoadForestwood2BR,2BA$1.37
Traditions ApartmentsTwo Bedroom Garden Style2BR,1BA$1.24
North Troy Apartments & Townhomes2 BD / 1 BA: North Troy Apartments & Townhomes2BR,1BA$1.42
McKaig Court Apartments2 Bedroom2BR,1BA$1.17
Graceview ApartmentsGraceview: 1 BD / 1 BA1BR,1BA$1.33
1268 Todd LaneTodd 1 Bed / 1 Bath1BR,1BA$1.25

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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

Explore Troy, OH Rentals by Map

Decorative image of map

See the most popular apartments and homes in Troy, OH

View Map
Troy, OH Apartments Map
View Map
Troy, OH Rental Homes Map

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.

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

decorative image for Learn About the Top Affordable Neighborhoods to Rent in Dayton, OH article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.