Average Rent in Troy, MI
1 apartment buildings, 13 units. Real asking prices, refreshed daily.
Avg Rent
$2,071/mo
Cheapest
$1,616/mo
Properties
1
Units
13
Analysis
Rent Price Breakdown
Compare pricing across all 1 properties in Troy, MI.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Troy, MI Rent Prices
All 1 properties ranked by lowest available rent.
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Uptown Square Apartments 1300 Livernois Rd, Troy, MI 48083, USA | $1,616 | $2,071 | $2.35 | 4.8 (295) | 13 |
Explore Each Property
Troy, MI Average Rent Prices 2026
The average rent in Troy, MI is $2,071 per month, based on 13 units across 1 apartment communities. Prices range from $1,616 at Uptown Square Apartments to $1,616 at Uptown Square Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,650/mo | $1,616/mo | 2 |
| 1 Bed | $1,957/mo | $1,876/mo | 4 |
| 2 Bed | $2,108/mo | $2,015/mo | 5 |
| 3 Bed | $2,628/mo | $2,623/mo | 2 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Troy, MI, and what they pay
Tracked one-bedroom rent in Troy, MI averages $1,957/mo, with two-bedroom units averaging $2,108/mo. At the local median household income of $119,299, that works out to 21% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Troy, MI at $1,557/mo. The current tracked market average runs 33% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Troy, MI while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Troy, MI?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$83,000/year
30 percent rule -- using our average rent of $2,071/mo.
Comfortable income
$99,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,616/mo), you need to earn at least $65,000/year.
Median household income in Troy, MI is $119,299 , about 20% above the comfortable-living threshold.
Cost of living in Troy, MI
Overall prices in Troy, MI runs below the national average by about 2% (BEA Regional Price Parity index 98.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Troy, MI's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,071 |
| Utilities | $400 |
| Groceries | $529 |
| Transportation | $954 |
| Healthcare | $466 |
| Other goods and services | $745 |
| Estimated total | $5,165/mo |
Population
87,307
Median household income
$119,299
Census median rent
$1,557/mo
Rent as % of income
25.9%
Median age
42.2
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Michigan
How Troy, MI rent compares to other markets in the state.
| City | Avg Rent | vs Troy, MI | Properties |
|---|---|---|---|
| Sterling Heights, MI | $1,454 | -30% | 14 |
| Lansing, MI | $1,556 | -25% | 14 |
| Detroit, MI | $1,969 | -5% | 12 |
| Livonia, MI | $1,265 | -39% | 11 |
| Kalamazoo, MI | $1,913 | -8% | 11 |
| Farmington Hills, MI | $1,873 | -10% | 7 |
Frequently asked questions
What is the average rent in Troy, MI?
The average rent in Troy, MI is $2,071 per month, based on 13 units across 1 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Troy, MI?
The lowest available rent in Troy, MI starts at $1,616 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Troy, MI?
1-bedroom apartments in Troy, MI average $1,957/mo. The lowest listed 1-bedroom starts at $1,876/mo across 4 units tracked.
How much is a 2-bedroom apartment in Troy, MI?
2-bedroom apartments in Troy, MI average $2,108/mo. Units start from $2,015/mo across 5 units currently listed.
Rent Trends in Troy, MI
Track how apartment prices are changing over time.
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