Last updated on November 2, 2026

Average rent in
Detroit Business Institute Southfield, MI

Median rent

Median rent in Troy

$1,450/mo

increased by36%

vs previous year

The average rent in Troy is $1,450 per month as of October 2026. This is 24% below the national average rent, or $450 less per month.

$1.28

average price per square foot

Total rentals

Available rentals in Troy

984

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Troy rentals at each price point

55%41%28%14%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Detroit Business Institute Southfield, MI

Average rent prices in Troy have increased by 36% since last year. At this time, we don't have enough information to generate yearly trends. Please see below for more rent price details.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Detroit Business Institute Southfield, MI

Rent prices in Troy vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Troy is $1,220, whereas a house costs $1,650. 1-bedroom apartments in Troy run $897 on average, while 2-bedroom apartments are $1,395.

Listings

Studio

$1,195

-

No Change

1 bedroom

$950

-

19%

2 bedroom

$1,440

-

15%

3 bedroom

$1,797

-

No Change

4 bedroom

$2,850

-

11%

Studio

Average rent

$1,195

Last year

No Change

1 bedroom

Average rent

$950

Last year

19%

2 bedroom

Average rent

$1,440

Last year

15%

3 bedroom

Average rent

$1,797

Last year

No Change

4 bedroom

Average rent

$2,850

Last year

11%

The table above reflects average rent prices in Detroit Business Institute Southfield, MI, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Discover rentals in Detroit Business Institute Southfield, MI

Coolidge Place - Photo 1 of 1

2d ago

8.9

Very good

Our team has verified this company

Verified

Coolidge Place

21301 Coolidge Hwy, Oak Park, MI 48237

1–3 beds

1–2 baths

$1,271

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Call

Renaissance Village - Photo 1 of 1

5d+ ago

9.9

Excellent

Our team has verified this company

Verified

Renaissance Village

19311 Votrobeck Dr, Detroit, MI 48219

2–3 beds

1–3 baths

$665

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.

Call

3831 Waverly St #3 - Photo 1 of 1

5d+ ago

Winter Halter apartment for rent in Detroit

1 bed

1 bath

$650

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
19060 Chapel St. - Photo 1 of 1

4h ago

7.9

Very good

19060 Chapel St.

19060 Chapel St Apt 5, Detroit, MI 48219

2 beds

1 bath

$675

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Detroit Business Institute Southfield, MI

Quick answers to common questions about the Troy rental market.

How much is rent in Troy?

The average rent in Troy is $1,450 per month as of October 31, 2026.

Is rent up or down in Troy?

Average rent prices in Troy have increased by 36% since last year.

How does Troy rent compare to the national average?

Rent in Troy is 24% below the national average, which means renters are paying approximately $450 less per month.

What salary do I need to afford rent in Troy?

To comfortably afford rent in Troy, you'd need to earn approximately $58,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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