Troy, NY Rental Market Trends
Highlights
The average rent for an apartment in Troy is $1,200, a 4% increase compared to the previous year, when the average rent was $1,148.
Average Rent in Troy, NY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,200 | 4% | 956 sq. ft. |
The average size for a Troy, NY apartment is 956 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.
Troy, NY Apartment Rent Ranges
- $701-$1,00026%
- $1,001-$1,50059%
- $1,501-$2,00012%
- > $2,0002%
Troy, NY Occupied Housing Units
- Renter-occupied Households50%
- Owner-occupied Households49%
10,028 or 50% of the households in Troy, NY are renter-occupied while 9,926 or 49% are owner-occupied.
Troy, NY Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|
| Troy, NY | $1,099 | $1,099 | $1,150 | $1,148 | $1,159 | $1,194 | $1,200 |
| National | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Troy Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Manhattan | $4,208 | 2% |
| Hudson Valley | $1,924 | 3% |
| Brooklyn | $2,951 | 5% |
| Rochester | $1,059 | 3% |
| Queens | $2,568 | 6% |
| Albany | $1,288 | 3% |
| Troy | $1,200 | 4% |
| Colonie Town | $1,217 | 4% |
| Cohoes | $1,531 | 2% |
| Schenectady | $1,109 | 1% |
| Bethlehem | $1,435 | 1% |
For more information about the Troy rental trends, check out our monthly rent report
Check out New York Cities, New York Neighborhoods and New York Zip Codes for more details on verified listings, including the New York Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!