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  1. Price Drop. $222 Off
    1 BED
    $1,440+
    2 BEDS
    $1,715+
    3 BEDS
    $1,950+

    The Preserves

    3737 Cherry Creek Ln, Sterling Heights, MI 48314
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Living & Renting in Troy

Troy at a Glance

Average Rent

$1,463
(All bedrooms and property types)
Learn more about
Average Rent in Troy
8

School Rating

out of 10 Rating
Learn more about
Schools in Troy
0

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Troy
46

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Troy

Troy, MI Apartments for Rent

Located just 22 miles north of downtown Detroit, Troy combines suburban comfort with metropolitan convenience. The city's centerpiece, Somerset Collection, spans both sides of Big Beaver Road connected by a glass-enclosed skywalk, offering a premier shopping destination. The area's strong business presence includes numerous corporate offices, particularly in the automotive and technology sectors, while the Troy Historic Village preserves local heritage through its collection of 19th-century buildings and artifacts.

Apartments in Troy span the city's 34 square miles, from established neighborhoods to newer developments near Big Beaver Road and Rochester Road. The average rent for a one-bedroom apartment is approximately $1,453. Troy's location provides easy access to Interstate 75, connecting residents to Detroit and the surrounding metropolitan area. The city maintains several parks and green spaces, including the Stage Nature Center's 100 acres of woodland trails, and the Troy Family Aquatic Center offers seasonal recreational activities.

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)

Getting Around Troy

Transportation

46

Car-Dependent

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
46

Somewhat Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
0

Minimal Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Score

Education

GreatSchools Rating

Public High School

Public
Grades 9-12
2,094 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
1,545 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
823 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
762 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
611 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
626 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
436 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
472 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
446 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
433 Students

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

Frequently asked questions about renting in Troy, MI

What are the average rent costs in Troy, MI?

The average rent in Troy, MI is $1,463.

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

The average rent for a studio apartment in Troy, MI is $1,304.

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 $1,463.

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 $1,700.

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 $2,322.

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 $4,367.

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