Long-term Rental Rates — April 2026 · ZIPs: 48083,48084,48085
Local market data by Estaite
As of April 2026, rental prices in Troy, MI range from $1,265 to $2,500 per month depending on property type and bedroom count.
The largest year-over-year increase was seen in single-family 3BR homes, which grew 6.35% in Troy, MI.
For 2BR units, condo/townhome median rent is $1,898, while apartment median rent is $1,594.
What is the range of median rents for apartments, condos, and single-family homes in Troy, MI as of April 2026?
As of April 2026, median rents in Troy, MI span from $1,265 for 1BR single-family homes up to $2,500 for 4BR single-family homes.
In Troy, MI, which property type dramatically outperforms others for a specific bedroom count?
For 4BR units, single-family homes have a median rent of $2,500, significantly higher than condo/townhomes at $2,334 and apartments at $2,117 in Troy, MI.
Which segment saw the strongest annual rent growth in Troy, MI, and is this trend broad or specific?
Single-family 3BR homes experienced the largest year-over-year increase, rising 6.35%, and the growth is notable compared to other bedroom counts and property types in Troy, MI as of April 2026.
What is the premium gap between apartments and condos for the same bedroom counts in Troy, MI?
For 2BR units, condos/townhomes are $304 higher than apartments ($1,898 vs $1,594), and for 1BR units, condos/townhomes are $20 higher than apartments ($1,338 vs $1,318) in Troy, MI as of April 2026.
Troy, MI
April 2026
48083,48084,48085
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,266 – $1,371
-1.19%
4.10%
2-Bedroom
$1,514 – $1,673
-1.02%
1.69%
3-Bedroom
$1,942 – $2,135
0.94%
6.18%
4-Bedroom
$2,091 – $2,185
0.43%
4.36%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,305 – $1,371
0.78%
6.32%
2-Bedroom
$1,837 – $1,959
3.07%
4.33%
3-Bedroom
$2,183 – $2,327
0.28%
5.26%
4-Bedroom
$2,294 – $2,408
0.66%
4.49%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,250 – $1,293
0.77%
5.12%
2-Bedroom
$1,564 – $1,657
0.37%
3.76%
3-Bedroom
$2,084 – $2,304
5.74%
6.35%
4-Bedroom
$2,388 – $2,613
-1.40%
2.29%
Data updated: June 2, 2026
In the Troy (48083, 48084, 48085) rental market, 3-bedroom apartments posted a median rent of $2,033, up 6.18% year-over-year. This annual growth is notably higher compared to 1BR apartment units, which rose 4.10% YoY, underscoring stronger demand in the 3BR apartment category for April 2026.
Median rent for 2-bedroom condo/townhomes in Troy (48083, 48084, 48085) climbed 3.07% month-over-month to $1,898, while 2BR apartments declined -1.02% MoM and single-family 2BRs increased just 0.37% MoM. The condo/townhome segment outperformed both alternatives in monthly price movement for April 2026.
April data reveal that Troy (48083, 48084, 48085) rental trends show 4-bedroom single-family homes dropped -1.40% month-over-month, settling at $2,500. By comparison, 4BR apartments gained 0.43% MoM and 4BR condos/townhomes were up 0.66% MoM for the same period.