Cheap Apartments for Rent in Troy, MI from $300 (127 Rentals)

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Search the lowest-cost Apartments available for rent right now in Troy.

Check Out Detroit’s Best Affordable Neighborhoods

Learn about Detroit and the best places to live with original content written by our Detroit, MI Local Expert Tim Brown

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920 On the Park
1 to 2 Bedroom Apartments

920 On the Park

920 John R RdTroy, MI 48083
Senior Living
  • Utilities Included
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Troy Villa
2 to 3 Bedroom Apartments

Troy Villa

2100 Stephenson HwyTroy, MI 48083
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Troy, MI Local Guide

Cheapest Available Troy Apartments for Rent

 

The cheapest available apartment rental in Troy, MI is a Studio unit found at Amber's Timber Lodges in the Nordwood Estates neighborhood priced from $875. Amber Creek Apartments in the Downtown Troy neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amber's Timber LodgesStudioStudio,1BA$875
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
Amber ApartmentsSwiss 1- Standard1BR,1BA$920
Charles HamletOne Bedroom1BR,1BA$920
Edgewood Court NorthStudioStudio,1BA$925
amber's Broadacre ApartmentsStudioStudio,1BA$945
Rochester House ApartmentsOne Bedroom1BR,1BA$950
Sterling Troy Apartments1 Bedroom1BR,1BA$960
Philamer1 Bed, 1 bath1BR,1BA$975
Lexington VillageRevere1BR,1BA$995

Best Value Apartments for Rent in Troy, MI

As of April 08, 2025 the best value apartment in the Troy area is the $1.40 price per square foot Three Bedroom Model at Amberwood Townhomes in the in the Route 59 neighborhood starting from $2,295. The second greatest value Troy apartment is the 2 bedroom + den + 2 1/2 bath townhome Model at Amber Oak Townhomes starting at $1,895 with a $1.23 price per square foot in the Birmingham Villas neighborhood. Here is today’s list of the best values for Troy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Amberwood TownhomesThree Bedroom3BR,3.5BA$1.40
Amber Oak Townhomes2 bedroom + den + 2 1/2 bath townhome2BR,2.5BA$1.23
Ashford ApartmentsArlington II - 1st Floor Unit with Private Entr...2BR,2BA$1.32
Rochester Villas3 Bed3BR,1.5BA$1.30
Bloomfield VillasDumont2BR,2BA$1.37
Charles HamletOne Bedroom1BR,1BA$1.15
Arlington Townhomes & Apartments1 Bedroom Apartment1BR,1BA$1.42
Philamer1 Bed, 1 bath1BR,1BA$1.32
Oakland Mall ApartmentsLaurel1BR,1BA$1.42
Rochester House ApartmentsOne Bedroom1BR,1BA$1.36

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Pet Friendly Lifestyle
Troy, MI

Ranked #5

Among cities in Michigan for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Troy, MI Rentals by Map

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See the most popular apartments and homes in Troy, MI

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Getting Around Troy, MI

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Troy Apartments

What is the Cheapest Studio apartment in Troy?

Currently the most affordable Cheap Studio Apartment in Troy is at Amber's Timber Lodges listed at $875.

How much is rent for a Cheap One Bedroom Troy Apartment?

The lowest price for a Cheap One Bedroom Troy Apartment is $920 at Amber Apartments.

What is the lowest price for a Cheap Two Bedroom Troy Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Troy is starting from $1,020 at Charles Hamlet.

What is the most affordable Troy Three Bedroom Apartment?

The best deal on a cheap Troy Three Bedroom Apartment rental is at Village Club of Rochester Hills and starts from $1,500.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.