
Cheap Apartments for Rent in the Downtown Troy Neighborhood of Troy, MI from $300 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Troy area of Troy.


The Alcove Troy

The Gables of Troy

Amber Town Center Townhomes & Lofts

Amber Studios and Lofts

Somerset Park Apartments

Sunnymede Apartments - Troy, MI

1820 Axtell Dr

Amber's Timber Lodges

amber's Broadacre Apartments

Maple Road Townes

Woodland Gardens
Downtown Troy, Troy, MI Local Guide

How much does it cost to rent an apartment in Downtown Troy?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Troy Studio Apartments | $1,440 | $875 | $2,112 |
Downtown Troy 1 Bedroom Apartments | $1,708 | $1,025 | $3,191 |
Downtown Troy 2 Bedroom Apartments | $2,058 | $1,145 | $4,315 |
Downtown Troy 3 Bedroom Apartments | $2,643 | $1,575 | $4,854 |
Downtown Troy 4 Bedroom Apartments | $4,150 | $4,150 | $4,150 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Downtown Troy Neighborhood of Troy, MI.
See all Apartments in TroyExplore Troy
Cheapest Available Downtown Troy Apartments for Rent
 The cheapest available apartment rental in the Downtown Troy area of Detroit, MI is a Studio unit found at Amber's Timber Lodges priced from $875. Amber Creek Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Downtown Troy apartments for rent in Detroit, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Amber's Timber Lodges | Studio | Studio,1BA | $875 |
Amber Creek Apartments | Studio (Tahoe/Ventura) | Studio,1BA | $895 |
amber's Broadacre Apartments | Studio | Studio,1BA | $945 |
The Gables of Troy | The Quinn 1 bed 1 bath | 1BR,1BA | $1,050 |
Maple Road Townes | 1 BED, 1 BATH APARTMENT | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Downtown Troy, MI
As of March 25, 2025 the best value apartment in the Downtown Troy area is the $1.80 price per square foot Radnor Model at 516 North Main Apartments in the in the Osborne neighborhood starting from $2,299. The second greatest value Downtown Troy apartment is the 2BR/1.0BA Model at ONE11 COLLECTION - BIRMINGHAM WEST starting at $1,795 with a $1.80 price per square foot in the Birmingham Villas neighborhood. Here is today’s list of the best values for Downtown Troy apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
516 North Main Apartments | Radnor | 2BR,2BA | $1.80 |
ONE11 COLLECTION - BIRMINGHAM WEST | 2BR/1.0BA | 2BR,1BA | $1.80 |
Charter Square | 2 BED 1.5 BATH DELUX | 2BR,1.5BA | $1.64 |
Residences of Troy Apartments - Troy, MI | Coolidge | 2BR,1BA | $1.65 |
Sunnymede Apartments - Troy, MI | Solstice | 1BR,1BA | $1.53 |
Three Oaks Apartments | 1 Bdrm 1 Bath Den | 1BR,1BA | $1.60 |
Maple Road Townes | 2BR/1BA | 2BR,1BA | $1.74 |
Buckingham Square Apts and TH | 1x1 800 | 1BR,1BA | $1.63 |
The Gables of Troy | The Brooks 1 bed 1 bath | 1BR,1BA | $1.44 |
Woodland Gardens | 1 BEDROOM 1 BATH | 1BR,1BA | $1.77 |
Getting Around the Downtown Troy Neighborhood in Troy, MI
Walk Score®
53 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
45 / 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 Downtown Troy Apartments
What is the Cheapest Studio apartment in Downtown Troy?
Currently the most affordable Cheap Studio Apartment in Downtown Troy is at Amber's Timber Lodges listed at $875.
How much is rent for a Cheap One Bedroom Downtown Troy Apartment?
The lowest price for a Cheap One Bedroom Downtown Troy Apartment is $1,025 at Amber's Timber Lodges.
What is the lowest price for a Cheap Two Bedroom Downtown Troy Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Troy is starting from $1,145 at amber's Broadacre Apartments.
What is the most affordable Downtown Troy Three Bedroom Apartment?
The best deal on a cheap Downtown Troy Three Bedroom Apartment rental is at Amber Creek Apartments and starts from $1,575.
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.

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.

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.

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.

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.