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 decreased by 1% in the last month and have increased by 11% 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 $1,449. A 1-bedroom apartment in Troy, MI costs about $1,350 on average, while a 2-bedroom apartment is $1,752. Houses for rent in Troy, MI are more expensive, with an average monthly cost of $2,795.


1 bedroom	$1,395	No Change	23%
2 bedroom	$1,996	1%	4%
3 bedroom	$2,500	No Change	2%
4 bedroom	$3,200	No Change	7%
Studio	-	6%	65%

		Comparables
Automall	$2,500
Downtown Troy	$1,840
Maple Road	$1,750
Northfield	$2,795
Rochester Road	$2,500
The Smart Zone	$2,200
The Transit Center	$2,500


Apartments	$1,449	1%	No Change
Condos	$2,400	4%	No Change
Houses	$2,795	1%	No Change

Studio

Last 30 days

Last year

65%

1 bedroom

Average rent

$1,395

Last 30 days

No Change

Last year

23%

2 bedroom

Average rent

$1,996

Last 30 days

Last year

3 bedroom

Average rent

$2,500

Last 30 days

No Change

Last year

4 bedroom

Average rent

$3,200

Last 30 days

No Change

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$2,200

15%

higher than the national median

Median rent price$1,530

20%

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.

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

$1,530

Last year

Birmingham

$2,700

Last year

Bloomfield Township

$1,319

44%

Last year

Harper Woods

$1,450

18%

Last year

Hazel Park

$1,400

16%

Last year

Livonia

$1,850

Last year

Madison Heights

$1,550

Last year

Mount Clemens

$1,330

24%

Last year

Orchard Lake Village

$2,600

24%

Last year

Rochester Hills

$1,981

Last year

Roseville

$1,425

18%

Last year

Sylvan Lake

$1,365

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.