Troy, MI rental market

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Last updated August 10, 2025

Rental market summary

The average rent for all bedrooms and all property types in Troy, MI is $2,500.

Average rent

$2,500

Month-over-month change

+$1

Year-over-year change

-$90

Available rentals

99

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $850 to $8,500.

Rent frequencies
Rent priceNumber of rental properties
$8001
$1,0001
$1,1004
$1,2005
$1,3003
$1,4004
$1,5001
$1,6003
$1,7003
$1,8001
$1,9003
$2,0008
$2,1007
$2,2005
$2,3005
$2,40011
$2,5007
$2,6008
$2,70010
$2,80013
$2,90010
$3,0004
$3,1002
$3,2005
$3,3001
$3,4001
$3,5003
$3,6002
$3,7001
$3,8001
$3,9003
$4,0001
$4,4001
$4,5001
$4,8002
$4,9003
$5,000+3

Average rent price over time

In the last year, rent has decreased by $90 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$2,015$2,300
Feb$2,037$2,313
Mar$2,295$2,400
Apr$2,233$2,400
May$2,500$2,350
Jun$2,420$2,500
Jul$2,485$2,540
Aug$2,600$2,557
Sep$2,400No data
Oct$2,400No data
Nov$2,300No data
Dec$2,400No data

Market temperature

The Troy, MI rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in Troy, MI is 19% higher than the national average.

Troy, MIvs.

$2,500

$2,100

Rent in Troy, MI

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Frequently asked questions

1. What is the average rent in Troy, MI?

The average rent in Troy, MI is $2,500.

2. How much does it cost to rent a house in Troy, MI?

Houses in Troy, MI rent between $850 - $8,500 with an average rent of $2,500.

3. How has the rent in Troy, MI changed in the last year?

In the last year, the rent in Troy, MI decreased by $90

4. How much has the rent in Troy, MI increased/decreased in the last month?

In the last month, the rent in Troy, MI increased by $1

5. How many available rentals are there in Troy, MI?

There are currently 99 rentals available in Troy, MI.

6. How do rent prices in Troy, MI compare with the national average?

The average rent in Troy, MI is $2,500 — 19.05% higher the national average of $2,100.