What is the average apartment size in Troy?

The average size for a Troy, AL apartment is 1,057 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Troy?

As of May / 2026, the average rent in Troy is $1,479 per month, a 4.6% increase from last years average of $1,413.

What is the average apartment size in Troy?

The typical apartment in Troy offers about 1,057 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Troy, AL Rental Market Trends

Q: What's the typical rent budget in Troy?

The typical rent budget in Troy ranges from $1,001 to $1,500 per month, with 27% of rentals in this range.

Q: Do most people rent or own in Troy?

In Troy, 53% of households rent while 47% own their homes, based on the latest U.S. Census data.

Last updated: July 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Troy is $1,479, a 4.6% increase compared to the previous year, when the average rent was $1,413.

One-bedroom apartments provide 450 square feet for $674, balancing privacy and affordability.

Two-beedroom units at $1,321 offer 1,004 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,246 sq ft) for $1,753, suitable for larger households.

Average rent in Troy, AL

Last updated: July 02, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,479	1,057 sq. ft.
Studio	n/a	n/a
1 Bed	$674	450 sq. ft.
2 Beds	$1,321	1,004 sq. ft.
3 Beds	$1,753	1,246 sq. ft.

Troy, AL rent trends

Rental prices in Troy, AL have increased by 4.6% over the past year. The average rent moved from $1,413 to $1,479.

What's the typical rent budget in Troy, AL?

The largest share of rentals in Troy, AL (27%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Troy, AL?

3,374 or 53% of the households in Troy, AL are renter-occupied while 3,023 or 47% are owner-occupied.

How Troy Compares to Other Cities

City	Average Rent
Birmingham	$1,360
Mobile	$1,187
Huntsville	$1,250
Montgomery	$1,087
Tuscaloosa	$1,520
Auburn	$2,032
Madison	$1,358
Hoover	$1,291
Vestavia Hills	$1,574
Bessemer	$986
Troy	$1,479

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Troy apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.