Average Rent in Troy, MI and Rent Price Trends

Rent trends in Troy, MI

Average rent prices in Troy have increased by 4% over the last month and have remained the same since last year.

Rent trends

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

Compare rent prices in
Troy, MI

Rent prices in Troy vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Troy is $1,611, whereas a house costs $2,800. 1-bedroom apartments in Troy run $1,410 on average, while 2-bedroom apartments are $1,849.


Studio	$2,019	1%	50%
1 bedroom	$1,404	1%	2%
2 bedroom	$2,000	1%	5%
3 bedroom	$2,750	1%	1%
4 bedroom	$3,200	4%	8%

		Listings
Automall	$2,000
Downtown Troy	$2,850
Maple Road	$1,745
Northfield	$2,291
Rochester Road	$2,275
The Smart Zone	$1,772
The Transit Center	$2,600


Apartments	$1,611	2%	No Change
Condos	$2,500	3%	No Change
Houses	$2,800	1%	No Change

Studio

Average rent

$2,019

Last 30 days

Last year

50%

1 bedroom

Average rent

$1,404

Last 30 days

Last year

2 bedroom

Average rent

$2,000

Last 30 days

Last year

3 bedroom

Average rent

$2,750

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.

How does rent in Troy, MI compare to other cities?

Compare median rent prices in Troy and Auburn Hills by all bedroom counts and property types.

Troy

Median rent price$2,500

32%

higher than the national median

Median rent price$1,675

12%

lower than the national median

Takeaway

The median rent for all rentals in Troy, MI is 49% higher than the median rent in Auburn Hills, MI.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,675

$2,840

$2,900

$1,325

$1,500

$1,997

$1,400

$1,395

$2,700

$2,300

$1,272

$1,327

Cost of living in Troy, MI

Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.

Expenses accrued by most renters	Average cost compared to national average
Goods & Services	9% higher
Groceries	1% higher
Health	11% higher
Housing	8% higher
Transportation	3% higher
Utilities	4% lower

Discover rentals in Troy, MI

5d+ ago

Condo for rent in Troy

Condominium, 1 Story, Troy, MI

1975 Axtell Dr, Troy, MI 48084

2 beds

2 baths

$1,299

5d+ ago

Condo for rent in Troy

Residential Lease, Troy, MI

1968 Axtell Dr #1, Troy, MI 48084

2 beds

1 bath

$1,350

5d+ ago

Condo for rent in Troy

Condominium, 1 Story, Troy, MI

1880 Axtell Dr #2, Troy, MI 48084

2 beds

1 bath

$1,400

5d+ ago

House for rent in Troy

2118 Milverton Dr, Troy, MI 48083

3 beds

1 bath

$1,550

5d+ ago

House for rent in Troy

Residential, 1 Story, Troy, MI

146 Olympia Dr, Troy, MI 48084

2 beds

1 bath

$1,750

$1,650

Price drop

5d+ ago

House for rent in Troy

$1,650 - 2 Bedroom 1 Bathroom House In Troy With Great Amenities

55 Vermont Dr #NA, Troy, MI 48083

2 beds

1 bath

$1,650

5d+ ago

House for rent in Troy

Residential, 1 Story, Troy, MI

1014 Kelley St, Troy, MI 48083

2 beds

1.5 baths

$1,775

5d+ ago

Condo for rent in Troy

Condominium, 2 Story, Troy, MI

1775 Brentwood Dr, Troy, MI 48098

2 beds

1.5 baths

$1,900

$1,800

Price drop

Stay up to date with rental market insights

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.

Frequently asked questions for Troy, MI

Quick answers to common questions about the Troy rental market.

How much is rent in Troy?

The average rent in Troy is $2,500 per month as of September 26, 2026.

Is rent up or down in Troy?

Average rent prices in Troy have increased by 4% over the last month and have remained the same since last year.

How does Troy rent compare to the national average?

Rent in Troy is 32% above the national average, which means renters are paying approximately $600 more per month.

Which neighborhoods are most affordable in Troy?

The most affordable neighborhoods in Troy are Maple Road ($1,745/mo), The Smart Zone ($1,772/mo), and Automall ($2,000/mo).

What salary do I need to afford rent in Troy?

To comfortably afford rent in Troy, you'd need to earn approximately $100,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Troy?

March offers the best rental deals in Troy, with rents running about 13.6% lower than September's peak prices. December is the least competitive month for apartment hunting, while June sees the highest demand relative to available inventory.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).