Bedroom count
Property type
Last updated on November 14, 2026
Average rent in
Troy, MI
Average rent in
Last updated on November 14, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Troy, MI rent slipped 9.8% year over year, with a current median of $2,299/month. Renters today are paying $251 less per month on average than last year, reflecting a cooldown from the recent peak of $2,500/month in September 2026. Month-to-month rent is essentially unchanged.
Compared to national trends
Troy runs 21.0% more expensive than the $1,900/month national median, placing it among pricier markets with limited total rentals, as the city offers just 73 total rentals.
Rent ranges by bedroom
Studios in Troy rent for about $1,500/month, 1-bedrooms for $1,524/month, and 2-bedrooms for $1,890/month, while 3-bedrooms reach $2,600/month and 4+ bedrooms $3,050/month. These bedroom tiers reflect a broad range of rental options across the city.
Neighborhood spotlight
Downtown Troy rents rose 41.6% year over year to $2,550/month across 18 rentals, contrasting with the citywide decline of 9.8%. This neighborhood is a focal point of rent increases while other areas like The Smart Zone cooled by 11.9%.
Median rent
Median rent in Troy
$2,299/mo
10%vs previous year
The average rent in Troy is $2,299 per month as of November 2026. This is 21% above the national average rent, or $399 more per month.
average price per square foot
Total rentals
Available rentals in Troy
73
for rent on Zumper.com as of November 2026
Rent price distribution
Share of Troy rentals at each price point
Rent trends in Troy, MI
Average rent prices in Troy have remained the same over the last month and have decreased by 10% since last year.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Troy, MI
Rent prices in Troy vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Troy is $1,620, whereas a house costs $2,700. 1-bedroom apartments in Troy run $1,470 on average, while 2-bedroom apartments are $1,782.
Listings | ||||
|---|---|---|---|---|
Studio | $1,500 |  4% | 62% | |
1 bedroom | $1,524 | No Change | 1% | |
2 bedroom | $1,890 | 6% | 5% | |
3 bedroom | $2,600 | No Change | 2% | |
4 bedroom | $3,050 | 6% | 2% |
Listings | ||
|---|---|---|
Automall | $2,300 | |
Downtown Troy | $2,549 | |
Maple Road | $1,887 | |
Northfield | $2,200 | |
Rochester Road | $2,217 | |
The Smart Zone | $1,630 | |
The Transit Center | $2,600 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,620 | 1% | 3% | |
Condos | $2,299 | 4% | 7% | |
Houses | $2,700 | 2% | 5% |
Studio
Average rent
$1,500
Last 30 days
4%
Last year
62%
1 bedroom
Average rent
$1,524
Last year
1%
2 bedroom
Average rent
$1,890
Last 30 days
6%
Last year
5%
3 bedroom
Average rent
$2,600
Last year
2%
4 bedroom
Average rent
$3,050
Last 30 days
6%
Last year
2%
Downtown Troy
Average rent
$2,549
The Transit Center
Average rent
$2,600
Rochester Road
Average rent
$2,217
Maple Road
Average rent
$1,887
Automall
Average rent
$2,300
Northfield
Average rent
$2,200
The Smart Zone
Average rent
$1,630
Apartments
Average rent
$1,620
Last 30 days
1%
Last year
3%
Condos
Average rent
$2,299
Last 30 days
4%
Last year
7%
Houses
Average rent
$2,700
Last 30 days
2%
Last year
5%
The table above reflects average rent prices in Troy, 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.
How does rent in Troy, MI compare to other cities?
Compare median rent prices in Troy and Auburn Hills by all bedroom counts and property types.
Troy
21%higher than the national median
16%lower than the national median
Takeaway
The median rent for all rentals in Troy, MI is 44% higher than the median rent in Auburn Hills, MI.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,600
$3,000
11%$2,499
14%$1,300
$1,545
3%$1,992
5%$1,387
13%$1,399
$2,800
7%$2,220
11%$1,250
11%$1,369
17%Cost of living in Troy, MI
Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.
Expenses accrued by most renters | Average cost compared to national average |
|---|---|
| Goods & Services | 9% higher |
| Groceries | 1% higher |
| Health | 11% higher |
| Housing | 8% higher |
| Transportation | 3% higher |
| Utilities | 4% lower |
Discover rentals in Troy, MI
5d+ ago
Condo for rent in Troy
1968 Axtell Dr #1, Troy, MI 48084
2 beds
1 bath
$1,250
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.Condo for rent
4d ago
1071 Rochester Rd, Troy, MI 48083
2 beds
1 bath
$1,275
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.Apartment for rent
5d+ ago
House for rent in Troy
146 Olympia Dr, Troy, MI 48084
2 beds
1 bath
$1,500
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.House for rent
5d+ ago
House for rent in Troy
3 beds
1 bath
$1,550
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.House for rent
4d ago
House for rent in Troy
1431 Provincial Dr, Troy, MI 48084
4 beds
4 baths
$4,900
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.House for rent
1d ago
House for rent in Troy
2790 Lanergan Dr, Troy, MI 48084
3 beds
2.5 baths
$4,295
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.House for rent
12h ago
2751 Melcombe Cir, Troy, MI 48084
1–3 beds
1–2 baths
$1,696–$3,758
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.Apartment for rent
5d+ ago
Downtown Troy condo for rent in Troy
3 beds
2.5 baths
$3,500
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.Condo for rent
4d ago
1071 Rochester Rd, Troy, MI 48083
2 beds
1 bath
$1,275
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.Apartment for rent
5d+ ago
House for rent in Troy
4 beds
2.5 baths
$2,950
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.House for rent
6h ago
2151 E Big Beaver Rd, Troy, MI 48083
Studio–3 beds
1–2 baths
$205–$2,530
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.Apartment for rent
23h ago
2600 Livernois Rd, Troy, MI 48083
Studio–1 bed
1–2 baths
$1,045–$1,499
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.Apartment for rent
1d ago
Verified
4154 3 Oaks Dr, Troy, MI 48098
1–2 beds
1 bath
$1,305–$1,665
Total Monthly Price. The price shown reflects an 11-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Apartment for rent
23h ago
2600 Livernois Rd, Troy, MI 48083
Studio–1 bed
1–2 baths
$1,045–$1,499
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.Apartment for rent
5d+ ago
Condo for rent in Troy
5191 Buckingham, Troy, MI 48098
2 beds
1.5 baths
$1,800
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.Condo for rent
5d+ ago
House for rent in Troy
878 Brooklawn Dr, Troy, MI 48084
3 beds
1.5 baths
$2,850
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.House for rent
Available Sep 18
1d ago
Verified
4154 3 Oaks Dr, Troy, MI 48098
1–2 beds
1 bath
$1,305–$1,665
Total Monthly Price. The price shown reflects an 11-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Apartment for rent
6h ago
2151 E Big Beaver Rd, Troy, MI 48083
Studio–3 beds
1–2 baths
$205–$2,530
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.Apartment for rent
3d ago
Rochester Road house for rent in Troy
3513 Millay Dr, Troy, MI 48083
3 beds
2.5 baths
$2,650
Price dropped $100Fees 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.House for rent
5d+ ago
House for rent in Troy
4 beds
2 baths
$2,700
Price dropped $250Fees 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.House for rent
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Frequently asked questions for Troy, MI
Quick answers to common questions about the Troy rental market.
How much is rent in Troy?
The average rent in Troy is $2,299 per month as of November 7, 2026.
Is rent up or down in Troy?
Average rent prices in Troy have remained the same over the last month and have decreased by 10% since last year.
How does Troy rent compare to the national average?
Rent in Troy is 21% above the national average, which means renters are paying approximately $399 more per month.
Which neighborhoods are most affordable in Troy?
The most affordable neighborhoods in Troy are The Smart Zone ($1,630/mo), Maple Road ($1,887/mo), and Northfield ($2,200/mo).
What salary do I need to afford rent in Troy?
To comfortably afford rent in Troy, you'd need to earn approximately $92,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Troy?
March offers the best rental deals in Troy, with rents running about 13.6% lower than September's peak prices. December is the least competitive month for apartment hunting, while June sees the highest demand relative to available inventory.
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).