Troy, MI rental market
What is the average rent in Troy, MI?
Last updated October 15, 2025
Rental market summary
The average rent for all bedrooms and all property types in Troy, MI is $2,490.
$2,490
+$90
+$190
118
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $850 to $8,500.
| Rent price | Number of rental properties |
|---|---|
| $800 | 1 |
| $1,000 | 1 |
| $1,100 | 3 |
| $1,200 | 5 |
| $1,300 | 1 |
| $1,400 | 1 |
| $1,500 | 3 |
| $1,600 | 3 |
| $1,700 | 5 |
| $1,800 | 4 |
| $1,900 | 10 |
| $2,000 | 7 |
| $2,100 | 9 |
| $2,200 | 7 |
| $2,300 | 10 |
| $2,400 | 15 |
| $2,500 | 10 |
| $2,600 | 9 |
| $2,700 | 7 |
| $2,800 | 7 |
| $2,900 | 8 |
| $3,000 | 5 |
| $3,100 | 5 |
| $3,200 | 2 |
| $3,300 | 4 |
| $3,400 | 5 |
| $3,500 | 3 |
| $3,600 | 2 |
| $3,700 | 3 |
| $3,800 | 1 |
| $3,900 | 4 |
| $4,000 | 3 |
| $4,100 | 1 |
| $4,200 | 1 |
| $4,300 | 1 |
| $4,400 | 2 |
| $4,500 | 1 |
| $4,600 | 1 |
| $4,700 | 2 |
| $5,000+ | 5 |
Average rent price over time
In the last year, rent has increased by $190 compared to the previous year.
| 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 | $2,400 | $2,500 |
| Oct | $2,400 | $2,450 |
| Nov | $2,300 | No data |
| Dec | $2,400 | No 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.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Troy, MI is 24% higher than the national average.
$2,490
$2,005
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Frequently asked questions
1. What is the average rent in Troy, MI?
The average rent in Troy, MI is $2,490.
2. What is the average rent for a studio apartment in Troy, MI?
The average rent for a studio apartment in Troy, MI is $1,476 per month.
3. What is the average rent for a one-bedroom apartment in Troy, MI?
The average rent for a one-bedroom apartment in Troy, MI is $1,384 per month.
4. What is the average rent for a two-bedroom apartment in Troy, MI?
The average rent for a two-bedroom apartment in Troy, MI is $2,068 per month.
5. What is the average rent for a three-bedroom apartment in Troy, MI?
The average rent for a three-bedroom apartment in Troy, MI is $2,495 per month.
6. What is the average rent for a four-bedroom apartment in Troy, MI?
The average rent for a four-bedroom apartment in Troy, MI is $3,280 per month.
7. 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 $2,490.
8. How has the rent in Troy, MI changed in the last year?
In the last year, the rent in Troy, MI increased by $190
9. 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 $90
10. How many available rentals are there in Troy, MI?
There are currently 118 rentals available in Troy, MI.
11. How do rent prices in Troy, MI compare with the national average?
The average rent in Troy, MI is $2,490 — 24.19% higher the national average of $2,005.