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  29. 1 BED
    $1,195+
    2 BEDS
    $1,455+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,195 - $2,485
    Required Monthly FeesNone
    Total Monthly Price$1,195 - $2,485

    Laurel Valley Apartments

    36200 Dequindre Rd, Sterling Heights, MI 48310
    (947) 218-7793
  30. STUDIO
    $1,416+
    1 BED
    $1,557+
    2 BEDS
    $1,614+
    3 BEDS
    $2,312+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,370 - $2,431
    Required Monthly Fees$45
    Utilities & EssentialsVaries
    Total Monthly Price$1,415 - $2,476

    The Graham

    1901 Village Green Blvd, Rochester Hills, MI 48307
    (947) 500-2276
  31. 1 BED
    $1,317+
    2 BEDS
    $1,536+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,317 - $4,408
    Required Monthly FeesNone
    Total Monthly Price$1,317 - $4,408

    Pine Ridge Apartments

    2800 Overlook Dr, Rochester Hills, MI 48307
    (947) 208-4998
  42. 1 BED
    $1,815+
    2 BEDS
    $1,735+
    3 BEDS
    $2,515+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,495 - $2,575
    Required Monthly Fees$240
    Total Monthly Price$1,735 - $2,815

    Eton Square Apartments & Townhomes

    1997 Villa Rd, Birmingham, MI 48009
    (586) 488-2751
Showing 42 of 198 results, Page 1 of 5

Living & Renting in Troy

Troy at a Glance

Average Rent

$1,396
(All bedrooms and property types)
Learn more about
Average Rent in Troy
9

School Rating

out of 10 Rating
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Schools in Troy

Troy, MI Apartments for Rent

Troy is the largest community in Oakland County and serves as a major business hub for automotive and financial companies in the Detroit metropolitan area. Renters will find a range of housing options in this northern suburb, from modern apartment communities along the Big Beaver corridor to residences near the historic Troy Corners district. With a median household income of over $114,000, the city offers a stable rental market with average rents around $1,421 for one-bedroom apartments and $1,671 for two-bedroom units.

Renting in Troy provides convenient access to both employment centers and entertainment. The Somerset Collection, an upscale shopping destination featuring over 180 retailers connected by a glass-enclosed skywalk, offers extensive retail and dining options. Major highways provide easy commutes to downtown Detroit, located about 22 miles south, as well as to other Oakland County employment hubs. The city maintains several parks and recreation facilities, including the Lloyd A. Stage Nature Center and the Troy Historic Village, which preserves 19th-century buildings. Renters also benefit from proximity to office parks, restaurants, and cultural attractions throughout this established suburban community.

Why Troy?

  • Troy has been named one of the safest cities in the nation and a top place to live.
  • The Troy Historical Museum contains 10 original, complete buildings and artifacts dating back to the first settlers.
  • Several businesses call Troy home, including Bank of America and PNC Financial.
  • The Troy School District has an impressive graduation rate and many national blue-ribbon schools.
  • Troy’s impressive park system includes tennis courts, golf courses, a nature center, and playgrounds.
  • Cranbrook is a 319-acre National Historic Landmark campus open for guided and self-guided tours.

Renting in Troy

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Troy

(For 1 bedroom apartments)

Average Rent in Nearby Cities

(For 1 bedroom apartments)

Education

GreatSchools Rating
Troy High School

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Athens High School

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Boulan Park Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Larson Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Smith Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Baker Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Hamilton Elementary School

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Leonard Elementary School

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Martell Elementary School

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Wass Elementary School

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Bemis Elementary School

Public Elementary School

Public
Grades K-5
Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Apartments for Rent Near Troy

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Troy Apartments for Rent in Your Budget

Frequently asked questions about renting in Troy, MI

What are the average rent costs in Troy, MI?

The average rent in Troy, MI is $1,396.

What are the average rent costs of a studio apartment in Troy, MI?

The average rent for a studio apartment in Troy, MI is $1,472.

What are the average rent costs of a one bedroom apartment in Troy, MI?

The average rent for a 1 bedroom apartment in Troy, MI is $1,396.

What are the average rent costs of a two bedroom apartment in Troy, MI?

The average rent for a 2 bedroom apartment in Troy, MI is $1,659.

What are the average rent costs of a three bedroom apartment in Troy, MI?

The average rent for a 3 bedroom apartment in Troy, MI is $2,287.

What are the average rent costs of a four bedroom apartment in Troy, MI?

The average rent for a 4 bedroom apartment in Troy, MI is $4,275.

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