How much is the average rent in Troy, MI for 1-bedroom and 2-bedroom apartments?

The average rent for a 1-bedroom apartment in Troy, MI is $1,557, while a 2-bedroom apartment averages $1,925.

Are rents going up or down in Troy, MI?

Rents in Troy, MI have experienced a slight decline in 2024, with the average monthly rent decreasing by 2.3% year-over-year.

When is the best time to look for an apartment in Troy, MI?

The best time to look for an apartment in Troy, MI is during the spring or winter months, as rent prices tend to be lower, although the selection may be limited.

What are the best neighborhoods to rent an apartment in Troy, MI?

Downtown Troy, The Transit Center, The Smart Zone, and Maple Road are some of the best neighborhoods to rent an apartment in Troy, offering vibrant atmospheres and high walk scores.

What areas of Troy, MI are best for budget-conscious renters?

Budget-conscious renters might consider looking in areas outside the most sought-after neighborhoods like Downtown Troy, where prices are typically higher.

Are there pet-friendly apartments in Troy, MI?

Yes, there are pet-friendly apartments in Troy, MI, with 87 listings being pet-friendly, accounting for 56.90% of the market.

Are utilities usually included in rent in Troy, MI?

Utilities are included in only about 6% of the rental listings in Troy, MI.

Are most apartments in Troy, MI largely older buildings or new developments?

Most apartments in Troy, MI are characterized by classic architectural styles, with Colonial homes making up 51% and Ranch-style homes comprising 34% of the market, indicating a prevalence of older buildings.