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 22% 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 $1,565. A 1-bedroom apartment in Troy, MI costs about $1,399 on average, while a 2-bedroom apartment is $1,658. Houses for rent in Troy, MI are more expensive, with an average monthly cost of $2,800.


1 bedroom	$1,399	1%	3%
2 bedroom	$1,992	1%	8%
3 bedroom	$2,600	2%	5%
4 bedroom	$3,149	2%	9%
Studio	$1,980	11%	55%

		Comparables
Automall	$2,246
Downtown Troy	$1,805
Maple Road	$2,500
Northfield	$2,395
Rochester Road	$2,650
The Smart Zone	$1,745
The Transit Center	$2,500


Apartments	$1,565	No Change	No Change
Condos	$2,400	No Change	No Change
Houses	$2,800	2%	No Change

Studio

Average rent

$1,980

Last 30 days

11%

Last year

55%

1 bedroom

Average rent

$1,399

Last 30 days

Last year

2 bedroom

Average rent

$1,992

Last 30 days

Last year

3 bedroom

Average rent

$2,600

Last 30 days

Last year

4 bedroom

Average rent

$3,149

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$2,400

26%

higher than the national median

Median rent price$1,575

17%

lower than the national median

Takeaway

The median rent for all rentals in Troy, MI is 52% 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

$1,575

Last year

Birmingham

$2,985

12%

Last year

Bloomfield Township

$1,500

17%

Last year

Harper Woods

$1,200

Last year

Hazel Park

$1,425

22%

Last year

Livonia

$1,700

Last year

Madison Heights

$1,550

13%

Last year

Mount Clemens

$1,399

Last year

Orchard Lake Village

$2,450

Last year

Rochester Hills

$2,100

Last year

Roseville

$1,325

49%

Last year

Sylvan Lake

$1,592

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.