Cheap Homes for Rent in Troy, OH from $700 (17 Rentals)

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

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.

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

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.

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.

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
GraceviewGraceview: 1 BD / 1 BA1BR,1BA$995
Convenient Living at North Troy Apartments & Townhomes, Troy2 BD / 1 BA: North Troy Apartments & Townhomes2BR,1BA$1,095
Troy Crossing2BR/1.5BA2BR,1BA$1,149

Best Value Apartments for Rent in Troy, OH

As of May 27, 2026 the best value apartment in the Troy area is the $1.36 price per square foot Willowood Model at Redwood Troy Arthur Road in the in the Stanfield Place neighborhood starting from $1,874. The second greatest value Troy apartment is the 2720 Fairview Ct Model at 2720 Fairview Ct, Unit C starting at $1,095 with a $1.10 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.
Redwood Troy Arthur RoadWillowood2BR,2BA$1.36
2720 Fairview Ct, Unit C2720 Fairview Ct2BR,1BA$1.10
Troy Crossing2BR/1.5BA2BR,1.5BA$1.28
Towne ParkAshford1BR,1BA$1.71
Convenient Living at North Troy Apartments & Townhomes, Troy2 BD / 1 BA: North Troy Apartments & Townhomes2BR,1BA$1.42
McKaig Court Apartments2 Bedroom2BR,1BA$1.17
GraceviewGraceview: 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.

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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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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.

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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 63 Apartments for Rent in Troy, OH with pricing that ranges from $800 to $1,999. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Troy ranging from $750 to $2,950.

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 $750 to $2,950 with an average monthly rent of $1,573.

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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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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.