Apartments for Rent in Troy, MI

Prices and availability in Troy, MI were last updated on 10 Nov 2026.

The best apartments in Troy, MI are: Three Oaks Apartments, Uptown Square Apartments, Canterbury Square, The Gables of Troy and Sunnymede Apartments - Troy, MI.

The average rent in Troy, MI is $1,548.

The price range for a studio apartment in Troy, MI is between $1,450 and $2,500.

The price range for a 1-bedroom apartment in Troy, MI is between $1,150 and $2,678.

The price range for a 2-bedroom apartment in Troy, MI is between $1,265 and $3,250.

The price range for a 3-bedroom apartment in Troy, MI is between $1,150 and $3,758.

In Troy 27% of the housing is rented out compared to 73% of homes are owned, according to the most recent Census Bureau estimates. 17% of Troy's apartments are found in large buildings of 50 units or more, 67% are located in smaller apartment complexes with less than 50 units, and 17% are single-family rentals.

The average age of rental buildings in Troy is 49 years old, with 10% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 88% are garden-style apartment communities, 7% are mid-sized buildings, and 10% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Troy are around 2% of rentals, while 1-bedroom floor plans represent 44% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 47% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.