Cheap Apartments for Rent in Troy, MI from $300 (133 Rentals)

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

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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 Inc.
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Troy Villa
2 to 3 Bedroom Apartments

Troy Villa

2100 Stephenson HwyTroy, MI 48083
  • Utilities Inc.
Showing Results 1-50, Page 1 of 3

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 Apartments in the Nordwood Estates neighborhood priced from $790. Amber's Timber Lodges in the Nordwood Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here is today’s list of the most affordable Troy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amber ApartmentsAthens- Amber ParkStudio,1BA$790
Amber's Timber LodgesStudioStudio,1BA$875
Lexington VillageRevere1BR,1BA$889
Amber Creek ApartmentsStudio (Tahoe/Ventura)Studio,1BA$895
Charles HamletOne Bedroom1BR,1BA$920
Oak Hill ApartmentsAshton1BR,1BA$943
amber's Broadacre ApartmentsStudioStudio,1BA$945
Rochester House ApartmentsOne Bedroom1BR,1BA$950
Devon Park Apartments2 Bedroom 950 Sq FT2BR,1BA$960
Sterling Troy Apartments1 Bedroom1BR,1BA$960

Best Value Apartments for Rent in Troy, MI

As of March 01, 2025 the best value apartment in the Troy area is the $1.23 price per square foot 2 bedroom + den + 2 1/2 bath townhome Model at Amber Oak Townhomes in the in the Birmingham Villas neighborhood starting from $1,895. The second greatest value Troy apartment is the Sycamore Model at Oaks at Hampton Apartments starting at $1,838 with a $1.31 price per square foot in the McGregor 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.
Amber Oak Townhomes2 bedroom + den + 2 1/2 bath townhome2BR,2.5BA$1.23
Oaks at Hampton ApartmentsSycamore3BR,2.25BA$1.31
Ashford ApartmentsCarriage II2BR,2BA$1.31
Rochester Villas3 Bed3BR,1.5BA$1.24
Spring Hill2 Beds | 2 Baths2BR,2BA$1.03
Lake Village of Rochester Hills1 Bedroom *Waitlist* Call for Availability1BR,1BA$1.34
Bloomfield VillasHackenbush2BR,2BA$1.35
Devon Park Apartments2 Bedroom 950 Sq FT2BR,1BA$1.01
Charles HamletOne Bedroom1BR,1BA$1.15
Philamer1 Bed, 1 bath1BR,1BA$1.32

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Troy, MI

Ranked #4

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 Apartments listed at $790.

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

The lowest price for a Cheap One Bedroom Troy Apartment is $889 at Lexington Village.

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 $960 at Devon Park Apartments.

What is the most affordable Troy Three Bedroom Apartment?

The best deal on a cheap Troy Three Bedroom Apartment rental is at Rochester Villas and starts from $1,490.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.