Apartments for Rent in Troy, MI

Prices and availability in Troy, MI were last updated on 23 Jun 2026.

The best apartments in Troy, MI are: Three Oaks Apartments, Forum Flats, The Westington, The Gables of Troy and Regents Club of Troy.

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

The price range for a studio apartment in Troy, MI is between $1,440 and $2,126.

The price range for a 1-bedroom apartment in Troy, MI is between $1,235 and $2,831.

The price range for a 2-bedroom apartment in Troy, MI is between $1,249 and $4,060.

The price range for a 3-bedroom apartment in Troy, MI is between $1,749 and $4,145.

In Troy, 27% of the residents are renting compared to 73% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 17% of Troy's rentals, 67% are small-scale complexes with under 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.

Rental apartments in Troy come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 44% of the total apartments in the city, while 2-bedroom floorplans represent around 47% of all rentals in Troy. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.