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 20% 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 $1,560. A 1-bedroom apartment in Troy, MI costs about $1,443 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 $2,675.


1 bedroom	$1,443	1%	3%
2 bedroom	$2,005	2%	10%
3 bedroom	$2,575	No Change	7%
4 bedroom	$3,200	1%	10%
Studio	$1,875	42%	27%

		Comparables
Automall	$1,900
Downtown Troy	$1,800
Maple Road	$1,999
Northfield	$2,400
Rochester Road	$2,850
The Smart Zone	$2,000
The Transit Center	$2,750


Apartments	$1,560	1%	No Change
Condos	$2,600	1%	No Change
Houses	$2,675	2%	No Change

Studio

Average rent

$1,875

Last 30 days

42%

Last year

27%

1 bedroom

Average rent

$1,443

Last 30 days

Last year

2 bedroom

Average rent

$2,005

Last 30 days

Last year

10%

3 bedroom

Average rent

$2,575

Last 30 days

No Change

Last year

4 bedroom

Average rent

$3,200

Last 30 days

Last year

10%

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$2,450

29%

higher than the national median

Median rent price$1,527

20%

lower than the national median

Takeaway

The median rent for all rentals in Troy, MI is 60% 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

$1,527

Last year

Birmingham

$2,700

Last year

Bloomfield Township

$1,357

32%

Last year

Harper Woods

$1,337

Last year

Hazel Park

$1,375

Last year

Livonia

$1,800

Last year

Madison Heights

$1,537

Last year

Mount Clemens

$1,399

17%

Last year

Orchard Lake Village

$2,625

Last year

Rochester Hills

$1,999

Last year

Roseville

$1,349

12%

Last year

Sylvan Lake

$1,750

Flat

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.