Average Rent in Troy, MI and Rent Price Trends

Rent price summary for
Troy, MI

As of September 2025, the median rent for all bedroom counts and property types in Troy, MI is $2,500. This is +27% higher than the national average.

$1.78

average price per square foot

Median rent

$2,500

14%

over the previous yearvs previous year

Total rentals

78

for rent on Zumper.com

As of September 2025, the median rent for all bedroom counts and property types in Troy, MI is $2,500. This is +27% higher than the national average.

$1.78

average price per square foot

Rent ranges

17%

58%

20%

$0-$1,500$0 - $1,500

$1,501-$3,000$1,501 - $3,000

$3,001-$4,500$3,001 - $4,500

$4,501-$6,000$4,501 - $6,000

Households

74%

26%

Owner-occupied

Renter-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent comparables in
Troy, MI
The monthly rent for an apartment in Troy, MI is $1,528. A 1-bedroom apartment in Troy, MI costs about $1,399 on average, while a 2-bedroom apartment is $1,649. Houses for rent in Troy, MI are more expensive, with an average monthly cost of $2,900.


1 bedroom	$1,399	2%	2%
2 bedroom	$1,827	2%	13%
3 bedroom	$2,800	1%	1%
4 bedroom	$3,100	2%	2%
Studio	$2,280	41%	81%

		Comparables
Automall	$2,400
Downtown Troy	$1,875
Maple Road	$1,800
Northfield	$2,500
Rochester Road	$2,100
The Smart Zone	$2,100
The Transit Center	$2,600


Apartments	$1,528	3%	No Change
Condos	$2,450	3%	No Change
Houses	$2,900	3%	No Change

Studio

Average rent

$2,280

Last 30 days

41%

Last year

81%

1 bedroom

Average rent

$1,399

Last 30 days

Last year

2 bedroom

Average rent

$1,827

Last 30 days

Last year

13%

3 bedroom

Average rent

$2,800

Last 30 days

Last year

4 bedroom

Average rent

$3,100

Last 30 days

Last year

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$2,500

27%

higher than the national median

Median rent price$1,477

25%

lower than the national median

Takeaway

The median rent for all rentals in Troy, MI is 69% higher than the median rent in Auburn Hills, MI.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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

Average rent in
Nearby cities
Explore rent trends in other markets

Auburn Hills

$1,477

12%

Last year

Birmingham

$2,800

Last year

Bloomfield Township

$1,422

17%

Last year

Harper Woods

$1,324

Last year

Hazel Park

$1,500

32%

Last year

Livonia

$1,925

19%

Last year

Madison Heights

$1,572

19%

Last year

Mount Clemens

$1,350

Last year

Orchard Lake Village

$2,725

11%

Last year

Rochester Hills

$2,100

17%

Last year

Roseville

$1,300

50%

Last year

Sylvan Lake

$1,619

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.