Rental GuideTroy, MI

Troy rent data for:

Apartments for rent

Average Rent

$2,550

Year Over Year Change

19%

$415

Rentals available, last 30 days

Rent ranges for Troy apartments

$6,001 - $50,000

$4,501 - $6,000

$3,001 - $4,500

$1,501 - $3,000

$0 - $1,500

$6,001 - $50,000

$4,501 - $6,000

$3,001 - $4,500

24%

$1,501 - $3,000

61%

$0 - $1,500

12%

24%

61%

12%

How has rent in Troy, MI changed in the last two years?

The average rent in Troy, MI, for rentals of all sizes and types, is $2,550, which is a 18.89% increase year-over-year.

The monthly rent for 1-bedroom apartments in Troy, MI is about $1,503. The average rent for 2-bedroom apartments in Troy, MI is $1,802, and studios are about $3,985 per month.

See more Troy, MI rent data on our rent research page.

What are the K-12 schools in Troy, MI?

schools

12,660

students

About Niche: Niche compiles and analyzes the latest data from public sources like the US Census Bureau and the Department of Education to generate rankings for schools and neighborhoods across the US.

Disclaimer: School ratings from Niche are intended for informational purposes only. Check with the nearby schools to verify eligibility and zoning criteria before using this data to decide on your next home.

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Who lives in Troy, MI?

Gender

51% Male

49% Female

Age Range

0-19

23%

20-34

18%

35-44

12%

45-64

28%

65+

17%

Language

English

66%

Spanish

Indo Euro

12%

Asia Pac

14%

Other

Education

No HS

High School

26%

Bachelor's

40%

Master's

21%

Prof Degree

Doctorate

What is the household breakdown in Troy, MI?

Families

60% Families

40% Single

Property

26% Renters

74% Owners

Household Income

0-25k

10%

25-50k

10%

50-75k

13%

75-100k

13%

100-150k

21%

150k+

30%

How do residents get around Troy, MI?

Troy locals spend about 25 minutes commuting, and most drive to get to work. The best way to fly in or out of Troy is through Detroit Metropolitan Wayne County Airport, 26.27 miles away.

Walking

3/10

Fewer daily needs are within walking distance (unless you’re up for a challenge).

Cycling

2/10

Heads up, bike lanes and cyclist-friendly streets aren’t common.

Driving

10/10

Commuting is easy with multiple accessible routes and plenty of parking.

Scores for Troy are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.

What is the cost of living in Troy, MI?

The overall cost of living in Troy, MI is 6% higher than the national average, according to the Cost of Living Index published by the Council for Community and Economic Research. This is calculated by comparing several expenses, including food and basic necessities like energy and healthcare. When it comes to comparing these expenses to the rest of the country, in Troy you can expect groceries to cost more than the national average, and healthcare to cost more. Eggs run about $5.20 per carton, and milk $4.54. Regarding healthcare costs, a doctor’s visit could amount to $188 on average—but this will likely vary depending on several factors, including insurance and medical specialty.

CATEGORY	AVERAGE COST COMPARED TO NATIONAL AVERAGE
Goods & Services	8% higher
Groceries	1% higher
Utilities	4% lower
Transportation	1% lower
Health	11% higher

CATEGORY

Goods & Services