Apartments for Rent in Troy, NY

Prices and availability in Troy, NY were last updated on 15 May 2026.

The best apartments in Troy, NY are: The Collar Factory Lofts, Caldwell Apartments, The News Apartments, Hudson Pointe and Sol Apartments.

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

The price range for a studio apartment in Troy, NY is between $942 and $2,586.

The price range for a 1-bedroom apartment in Troy, NY is between $1,061 and $2,586.

The price range for a 2-bedroom apartment in Troy, NY is between $1,195 and $3,307.

The price range for a 3-bedroom apartment in Troy, NY is between $1,110 and $3,635.

In Troy, 63% of the residents are renting compared to 37% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 15% of Troy's rentals, 79% are small-scale complexes with under 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.

Rental apartments in Troy come in a range of sizes and floorplans. Studio apartments represent 1% 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 41% of the total apartments in the city, while 2-bedroom floorplans represent around 48% 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.