Cheap Apartments for Rent in Troy, TN from $500 (23 Rentals)

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Search the lowest-cost Apartments 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.

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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.

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Lone Oak Villas
2 Bedroom Apartments

Lone Oak Villas

710 Lone Oak RdPaducah, KY 42003
  • 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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Showing Results 1-23, Page 1 of 1

Troy, TN Local Guide

Cheapest Available Troy Apartments for Rent and Nearby

 

The cheapest available apartment rental in Troy, TN is a 1 Bed unit found at Capri priced from $595. Royal Ridge has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CapriCopper1BR,1BA$595
Royal RidgeRoyal Ridge-0-1-408Studio,1BA$600
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$650
Grove Apartments1 Bedroom1BR,1BA$825
The HermitageThe Senate1BR,1BA$897

Best Value Apartments for Rent in Troy, TN and Nearby

As of May 19, 2026 the best value apartment in the Troy area is the $1.03 price per square foot 4 Bedroom 2 Bathroom Model at PARK VILLAGE OF PARIS in the starting from $1,195. The second greatest value Troy apartment is the 2BR - 2BTH Renovated WD Model at Pointe at Boardwalk starting at $1,249 with a $1.09 price per square foot in the Downtown Jackson 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.
PARK VILLAGE OF PARIS4 Bedroom 2 Bathroom4BR,2BA$1.03
Pointe at Boardwalk2BR - 2BTH Renovated WD2BR,2BA$1.09
Milan Luxury Apartments3BR/2.0BA3BR,2BA$1.05
Pointe at 7311BR - 1BTH Renovated W/D1BR,1BA$1.20
Chapel Ridge of RipleyTwo Bedroom Two Bathroom2BR,1BA$1.11
Post House NorthThe Morgan2BR,1BA$1.24
Pointe at Ridge Cove Apartments1BR - 1BTH Renovated W/D1BR,1BA$1.28
Grove Apartments1 Bedroom1BR,1BA$1.12
The HermitageThe Senate1BR,1BA$1.25
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$0.96

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

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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 Cheap Troy Apartments

What is the Cheapest Studio apartment in Troy?

Currently the most affordable Cheap Studio Apartment in Troy is at Royal Ridge listed at $600.

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

The lowest price for a Cheap One Bedroom Troy Apartment is $595 at Capri.

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 $800 at Bee Creek Crossing (Senior Apartments 55+).

What is the most affordable Troy Three Bedroom Apartment?

The best deal on a cheap Troy Three Bedroom Apartment rental is at Grove Apartments and starts from $1,025.

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

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.