Average Rent in Troy, MI and Rent Price Trends

Rent price trends in
Troy, MI

Rent price trends

Rent prices for all bedroom counts and property types in Troy, MI have remained the same in the last month and have increased by 13% in the last year.

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

Rent comparables in
Troy, MI
The monthly rent for an apartment in Troy, MI is $1,566. A 1-bedroom apartment in Troy, MI costs about $1,425 on average, while a 2-bedroom apartment is $1,612. Houses for rent in Troy, MI are more expensive, with an average monthly cost of $2,800.


1 bedroom	$1,426	2%	6%
2 bedroom	$1,793	2%	1%
3 bedroom	$2,650	No Change	2%
4 bedroom	$3,000	2%	No Change
Studio	$3,985	4%	176%

		Comparables
Automall	$2,000
Downtown Troy	$1,900
Maple Road	$1,701
Northfield	$2,550
Rochester Road	$2,300
The Smart Zone	$1,725
The Transit Center	$2,500


Apartments	$1,566	No Change	No Change
Condos	$2,475	3%	No Change
Houses	$2,800	No Change	No Change

Studio

Average rent

$3,985

Last 30 days

Last year

176%

1 bedroom

Average rent

$1,426

Last 30 days

Last year

2 bedroom

Average rent

$1,793

Last 30 days

Last year

3 bedroom

Average rent

$2,650

Last 30 days

No Change

Last year

4 bedroom

Average rent

$3,000

Last 30 days

Last year

No Change

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.

Compare rent prices in Troy, MI to other cities

Median rent prices in Troy, MI for all bedroom counts and property types compared to Auburn Hills, MI.

Troy

Median rent price$2,497

29%

higher than the national median

Median rent price$1,599

17%

lower than the national median

Takeaway

The median rent for all rentals in Troy, MI is 56% higher than the median rent in Auburn Hills, MI.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Auburn Hills

$1,599

10%

Last year

Birmingham

$2,750

Last year

Bloomfield Township

$1,087

38%

Last year

Harper Woods

$1,275

Last year

Hazel Park

$1,500

19%

Last year

Livonia

$1,850

Last year

Madison Heights

$1,600

14%

Last year

Mount Clemens

$1,399

Last year

Orchard Lake Village

$2,625

Last year

Rochester Hills

$1,999

Last year

Roseville

$1,372

42%

Last year

Sylvan Lake

$1,662

Flat

Last year

Cost of living in
Troy, MI

The overall cost of living in Troy, MI is 6% higher than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.