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 4% 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 $1,675. A 1-bedroom apartment in Troy, MI costs about $1,481 on average, while a 2-bedroom apartment is $1,805. Houses for rent in Troy, MI are more expensive, with an average monthly cost of $2,895.


1 bedroom	$1,443	3%	20%
2 bedroom	$2,122	No Change	6%
3 bedroom	$2,800	1%	6%
4 bedroom	$3,200	3%	4%
Studio	$1,700	1%	34%

		Comparables
Automall	$2,246
Downtown Troy	$2,250
Maple Road	$1,700
Northfield	$2,250
Rochester Road	$2,550
The Smart Zone	$1,350
The Transit Center	$2,500


Apartments	$1,675	1%	No Change
Condos	$2,450	1%	No Change
Houses	$2,895	1%	No Change

Studio

Average rent

$1,700

Last 30 days

Last year

34%

1 bedroom

Average rent

$1,443

Last 30 days

Last year

20%

2 bedroom

Average rent

$2,122

Last 30 days

No Change

Last year

3 bedroom

Average rent

$2,800

Last 30 days

Last year

4 bedroom

Average rent

$3,200

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$2,350

21%

higher than the national median

Median rent price$1,610

17%

lower than the national median

Takeaway

The median rent for all rentals in Troy, MI is 46% 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

$1,610

11%

Last year

Birmingham

$2,762

Last year

Bloomfield Township

$1,600

59%

Last year

Harper Woods

$1,450

15%

Last year

Hazel Park

$1,462

21%

Last year

Livonia

$1,750

Last year

Madison Heights

$1,500

Last year

Mount Clemens

$1,399

17%

Last year

Orchard Lake Village

$2,500

Last year

Rochester Hills

$1,925

Flat

Last year

Roseville

$1,500

18%

Last year

Sylvan Lake

$1,400

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.