Troy, MI Rental Market Data

As of August 2026, rental prices in Troy, MI range from $1,332 to $2,674 per month depending on property type and bedroom count.

The largest year-over-year increase occurred in single-family 3BR properties, which rose 8.20%.

For 2-bedroom homes, condos/townhomes have a median rent of $2,011 while apartments are $1,615.

What is the current rent range for apartments and homes in Troy, MI?

As of August 2026, rents in Troy, MI range from $1,332 for a 1BR single-family home up to $2,674 for a 4BR single-family home.

In Troy, MI, which bedroom count shows one property type dramatically outperforming the others in median rent?

For 2BR homes in Troy, MI, condos/townhomes have the highest median rent at $2,011, compared to $1,615 for apartments and $1,710 for single-family homes as of August 2026.

Which segment in Troy, MI had the largest year-over-year rent increase, and is this growth broad or concentrated?

The largest year-over-year rent increase in Troy, MI as of August 2026 was in single-family 3BR homes at 8.20%, with other single-family bedroom types also increasing: 1BR up 5.16%, 2BR up 5.29%, and 4BR up 4.86%.

What is the premium gap between apartments and condos for the same number of bedrooms in Troy, MI?

In August 2026, condos/townhomes rent for $48 more than apartments for 1BR units ($1,395 vs $1,347) and $396 more for 2BR units ($2,011 vs $1,615) in Troy, MI.

Troy, MI

August 2026

48083,48084,48085

Long-term Rental Rates

Apartment

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,326 – $1,367	0.72%	2.42%
2-Bedroom	$1,574 – $1,655	-0.72%	1.89%
3-Bedroom	$2,045 – $2,180	2.11%	4.73%
4-Bedroom	$2,177 – $2,290	1.38%	4.74%

Condo/Townhome

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,364 – $1,425	1.86%	4.40%
2-Bedroom	$1,947 – $2,075	-0.03%	5.14%
3-Bedroom	$2,246 – $2,394	-1.87%	3.56%
4-Bedroom	$2,436 – $2,567	-0.05%	5.11%

Single-Family

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,313 – $1,361	1.43%	5.16%
2-Bedroom	$1,655 – $1,764	0.93%	5.29%
3-Bedroom	$2,224 – $2,458	1.24%	8.20%
4-Bedroom	$2,535 – $2,813	-2.38%	4.86%

Data updated: September 23, 2026

Troy Rental Trends

Within Troy (48083, 48084, 48085), median rent for 2-bedroom condos and townhomes rose sharply, climbing 10.09% year-over-year to $1,863 as of June 2026. This segment outpaced all others in annual growth during the reported period, reflecting increasing demand for larger condo units.

Across the market, condos and townhomes in Troy (48083, 48084, 48085) recorded a median rent of $1,367 for 1-bedroom units, which is $57 higher than 1-bedroom apartments at $1,310. The annual rent increase for condos and townhomes was 3.25%, notably greater than apartments at 1.14%.

Recent data shows that Troy (48083, 48084, 48085) rental trends reflect a 2.8% month-over-month decline in median rent for 3-bedroom single-family homes, landing at $2,158. Conversely, 3-bedroom apartments saw a month-over-month increase of 1.68%, reaching $1,994 in June 2026.

12-Month Median Rent Trend

Apartment

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,347	$1,615	$2,113	$2,219
July 2026	$1,360	$1,654	$2,084	$2,199
June 2026	$1,348	$1,561	$2,048	$2,169
May 2026	$1,309	$1,635	$2,042	$2,139
April 2026	$1,318	$1,594	$2,033	$2,117
March 2026	$1,336	$1,616	$2,013	$2,108
February 2026	$1,333	$1,621	$1,988	$2,116
January 2026	$1,320	$1,605	$2,021	$2,132
December 2025	$1,323	$1,603	$2,031	$2,148
November 2025	$1,331	$1,619	$2,038	$2,158
October 2025	$1,334	$1,596	$2,045	$2,156
September 2025	$1,314	$1,595	$2,038	$2,145

Condo / Townhome

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,395	$2,011	$2,320	$2,487
July 2026	$1,381	$2,050	$2,292	$2,455
June 2026	$1,375	$1,980	$2,379	$2,461
May 2026	$1,354	$1,951	$2,247	$2,368
April 2026	$1,338	$1,898	$2,255	$2,334
March 2026	$1,328	$1,801	$2,244	$2,318
February 2026	$1,332	$1,819	$2,185	$2,324
January 2026	$1,332	$1,862	$2,208	$2,341
December 2025	$1,337	$1,879	$2,219	$2,361
November 2025	$1,352	$1,893	$2,248	$2,380
October 2025	$1,364	$1,895	$2,270	$2,389
September 2025	$1,352	$1,950	$2,256	$2,386

Single-Family

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,332	$1,710	$2,341	$2,674
July 2026	$1,320	$1,702	$2,282	$2,647
June 2026	$1,300	$1,682	$2,213	$2,672
May 2026	$1,280	$1,633	$2,224	$2,664
April 2026	$1,265	$1,605	$2,194	$2,500
March 2026	$1,255	$1,602	$2,077	$2,541
February 2026	$1,255	$1,609	$2,111	$2,505
January 2026	$1,259	$1,616	$2,126	$2,506
December 2025	$1,268	$1,628	$2,139	$2,501
November 2025	$1,277	$1,636	$2,160	$2,555
October 2025	$1,279	$1,641	$2,172	$2,578
September 2025	$1,278	$1,640	$2,166	$2,562

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