1820 Axtell Dr
TroyMI48084
Cheap Homes for Rent in Downtown Troy Neighborhood of Troy, MI from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Troy area of Troy.
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Royal OakMI48073
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BirminghamMI48009
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BirminghamMI48009
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TroyMI48083
2723 E Maple Rd
BirminghamMI48009
2230 W 14 Mile Rd
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Downtown Troy, Troy, MI Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Downtown Troy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Troy 2 Bedroom Homes for Rent | $2,277 | $1,300 | $5,500 |
| Downtown Troy 3 Bedroom Homes for Rent | $2,749 | $1,800 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Troy Neighborhood of Troy, MI.
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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 |
Best Value Apartments for Rent in Downtown Troy, MI
As of April 18, 2025 the best value apartment in the Downtown Troy area is the $1.79 price per square foot 2BR/1.0BA Model at ONE11 COLLECTION - BIRMINGHAM WEST in the in the Birmingham Villas neighborhood starting from $1,790. The second greatest value Downtown Troy apartment is the 2 BED 1.5 BATH LARGE Model at Charter Square starting at $1,365 with a $1.47 price per square foot in the Downtown Troy 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. |
|---|---|---|---|
| ONE11 COLLECTION - BIRMINGHAM WEST | 2BR/1.0BA | 2BR,1BA | $1.79 |
| Charter Square | 2 BED 1.5 BATH LARGE | 2BR,1.5BA | $1.47 |
| Residences of Troy Apartments - Troy, MI | Coolidge | 2BR,1BA | $1.65 |
| Sunnymede Apartments - Troy, MI | Solstice | 1BR,1BA | $1.53 |
| Somerset Park Apartments | The Kingsley | 1BR,1BA | $1.63 |
| 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 | $1.63 |
| Three Oaks Apartments | 1 Bdrm 1 Bath | 1BR,1BA | $1.66 |
| Woodland Gardens | 1 BEDROOM 1 BATH | 1BR,1BA | $1.73 |
Frequently Asked Questions about Downtown Troy
What type of rentals are currently available in Downtown Troy?
There are currently 78 Apartments for Rent in Downtown Troy, MI with pricing that ranges from $875 to $4,867. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Troy ranging from $1,300 to $5,500.
What is the current price range for Rental Homes in Downtown Troy?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Troy ranges from $1,300 to $5,500 with an average monthly rent of $2,513.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.