Troy, NY Rental Market Trends
Highlights
The average rent for an apartment in Troy is $1,159, a 5% increase compared to the previous year, when the average rent was $1,099.
Average Rent in Troy, NY
Last updated October 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,159 | 5% | 1,047 sq. ft. |
The average size for a Troy, NY apartment is 1,047 square feet, but this number varies greatly depending on apartment type. 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
- $501-$7002%
- $701-$1,00030%
- $1,001-$1,50057%
- $1,501-$2,00010%
- > $2,0002%
Troy, NY Occupied Housing Units
- Renter-occupied Households50%
- Owner-occupied Households49%
10,093 or 50% of the households in Troy, NY are renter-occupied while 9,893 or 49% are owner-occupied.
Troy, NY Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Oct / 2019 |
|---|---|---|---|---|---|
| Troy, NY | $1,099 | $1,099 | $1,150 | $1,148 | $1,159 |
| National | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
/
How Does Troy Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Troy | $1,159 | 5% |
| East Greenbush | $1,328 | 6% |
| Castleton - on - Hudson | $1,551 | 7% |
| Hampton Manor | $1,447 | 8% |
| Rensselaer | $1,447 | 8% |
For more information about the Troy rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Troy apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.