100 Best Apartments in Troy, MI (with reviews)

Q: What are the best apartments in Troy, MI?

The best apartments in Troy, MI are: Three Oaks Apartments , Somerset Park , Sunnymede , The Westington and Troy Place Apartments .

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Average rent in Troy, MI

$1,509/mo Troy, MI average rental price, January 2023

The average monthly rent of apartments in Troy, MI is $1,509.

Troy, MI apartment rent ranges

About 39% of apartment rents in Troy, MI range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 5% of apartments. Around 53% of Troy’s apartments are in the $1,001-$1,500 price range. 3% of apartments are priced between $701-$1,000.

Troy, MI rent trends

Check out the average rent prices in Troy by neighborhood.

Compared to the national average rent of $1,727, the average rent in Troy, MI is $1,509.

Getting around in Troy, MI

25 /100

Car-Dependent

33 /100

Somewhat Bikeable

Walk Score®: 25, Bike Score®: 33

Frequently asked questions

When were prices and availability in Troy, MI last updated?

Prices and availability in Troy, MI were last updated on 2 Feb 2023.

What are the best apartments in Troy, MI?

The best apartments in Troy, MI are: Three Oaks Apartments, Somerset Park, Sunnymede, The Westington and Troy Place Apartments.

What is the average rent in Troy, MI?

The average rent in Troy, MI is $1,509. Start your search for apartments in Troy, MI now.

What is the price range for a studio apartment in Troy, MI?

The price range for a studio apartment in Troy, MI is between $1,450 and $1,823. View all studio apartments in Troy, MI.

What is the price range for a 1-bedroom apartment in Troy, MI?

The price range for a 1-bedroom apartment in Troy, MI is between $1,099 and $2,538. Browse all available 1-bedroom apartments in Troy, MI now.

What is the price range for a 2-bedroom apartment in Troy, MI?

The price range for a 2-bedroom apartment in Troy, MI is between $1,032 and $2,818. Browse and find a 2-bedroom apartment in Troy, MI.

What is the price range for a 3-bedroom apartment in Troy, MI?

The price range for a 3-bedroom apartment in Troy, MI is between $1,608 and $3,113. Browse all available 3-bedroom apartments in Troy, MI.

What type of rental buildings are in Troy, MI?

In Troy, 26% of the residents are renting compared to 74% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 14% of Troy’s rentals, 69% are small-scale complexes with under 50 units, and 16% are single-family rentals.

What do typical apartment communities look like in Troy, MI?

The average age of rental buildings in Troy is 49 years old, with 5% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 87% are garden-style apartment communities, 13% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

What apartment floorplans are common in Troy, MI?

Studio apartments in Troy are around 0.4% of rentals, while 1-bedroom floor plans represent 43% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 49% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.

Living in Troy, MI

Just 24 miles from Detroit is the suburb of Troy, MI. It’s considered a business and retail destination for this part of the Midwest with the largest mall in Michigan, as well as restaurants and entertainment options for renters who live here. Many young families love this part of the state because the public school system run by the Troy School District is so highly rated. Renters also have a commute of less than half an hour into downtown Detroit, which is another perk of renting in this nice suburb. The parks in the area that renters frequent include Boulan Park; Raintree Park; and Jaycee Park, which has a walking trail and a playground for kids. Troy is a tight-knit community, and renters here enjoy a vibrant area with friendly people.

Renting in Troy, MI

About one-quarter of the population rents their homes in Troy. There are many nice, modern rental apartments in the area that offer great amenities, like pools, fitness centers, club houses and walking trails for pets. Most rental apartments in Troy are pet-friendly and have anywhere from one to four bedrooms. Townhomes and larger, family-style rental apartments are also popular in this area. There are also many amenities near rental apartments in town. As such, many renters can walk to some of these stores for daily errands, especially near the downtown area of Troy. Restaurants and coffee shops are also plentiful in this area, as well.

Troy, MI demographics

84,051Total Population
41,218 Female

42,833 Male
42.1Median Age

Troy, MI has a population of 84,051 according to the most recent data from the U.S. Census Bureau. 41,218 of Troy’s residents are women and 42,833 are men. The median age of those who live in Troy, MI is 42.1.

Shopping in Troy, MI

Shopping is a big business in Troy. In fact, there are two malls within the city limits and both are conveniently located near many rental homes. One of those malls is Oakland Mall, which has more than 100 stores, including JCPenney and Dick’s Sporting Goods. Many renters can spend a full day here enjoying everything this busy mall has to offer. Another mall in the area is more upscale with luxury choices and designer goods: The Somerset Mall has more than 160 stores, with anchors like Nordstrom, Macy’s, Neiman Marcus and Saks Fifth Avenue. As far as grocery shopping around the area, the choices for renters are multiple Kroger’s and Hollywood Markets, which have organic and specialty items.

Troy, MI households

22,636 Family

9,024 Non-family
10,119 Children

21,541 No Children

31,660Total Number of Households
2.64Average People Per Household
$104,132Median Household Income

According to U.S. Census data, there are 31,660 households in Troy, MI. 22,636 are family households and 9,024 are non-family households. There are 10,119 households with children in Troy and 21,541 households without children. On average, about 2.64 people live in a household in Troy, MI.

Transportation in Troy, MI

Interstate 75 cuts right through the middle of Troy, thereby making it easy for renters to get in and out of town quickly from their rental apartments for work or pleasure. Alternatively, because Troy is so close to Detroit, many commuters who rent take public transportation to get into downtown Detroit. The public transportation is run by a SMART bus system with a fixed route around town and connections to Detroit, including stops near rental apartments. Finally, for air travel, the Detroit Metropolitan Wayne County Airport is the one that renters use. It’s only about half an hour away.

Troy, MI education statistics

The level of education of the population of Troy, MI is as follows: 2% have no high school education, 16% completed some high school, 18% partially completed college, 6% have an Associate Degree, 32% have a Bachelor Degree, and 26% have a Graduate Degree.

Look for apartments near me

Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

RentCafe is your one-stop shop for finding a great new apartment in Troy, MI. Easily search through a wide selection of apartments for rent in Troy, MI, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Troy, MI apartments with rents starting from $725 and submit your rental application today!

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5/5 anjanette h. on Mar 1, 2022

things are great

5/5 Madeline on Jul 9, 2020

I have nothing but great things to say about the office staff at Three Oaks Apartments. Kudos to Josh and Paige they have been nothing short of pleasant and accommodating. Paige is very professional and quite the problem solver in helping me select my future home. I just can't believe the incredible customer service here. I went in with a lot of doubt and apprehension, but she made it such a comfortable experience. I would recommend this community to everyone! I am looking forward to becoming a part of the Three Oaks Apartment community.

Apartments for Rent in Troy, MI 130 Rentals Available

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