Apartments for Rent in Troy, NY

Prices and availability in Troy, NY were last updated on 2 Jun 2026.

The best apartments in Troy, NY are: The News Apartments, The Peabody Apartments, Sol Apartments, Diamond Rock Terrace Senior Apartments and The Valley Green.

The average rent in Troy, NY is $1,558.

The price range for a studio apartment in Troy, NY is between $625 and $2,622.

The price range for a 1-bedroom apartment in Troy, NY is between $1,061 and $2,616.

The price range for a 2-bedroom apartment in Troy, NY is between $1,195 and $2,995.

The price range for a 3-bedroom apartment in Troy, NY is between $1,750 and $2,595.

In Troy 63% of the housing is rented out compared to 37% of homes are owned, according to the most recent Census Bureau estimates. 15% of Troy's apartments are found in large buildings of 50 units or more, 79% are located in smaller apartment complexes with less than 50 units, and 5% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Troy are about 43 years old, on average. Of these, 32% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 78% of the rental communities here are low-rise, garden-style communities, 24% are mid-rises, and 2% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Troy are around 1% of rentals, while 1-bedroom floor plans represent 41% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 48% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.