Troy, MI Rental Market Data

As of June 2026, rental prices in Troy, MI range from $1,300 to $2,488 per month depending on property type and bedroom count.

The largest year-over-year increase was for 2BR condo/townhome units, which rose 10.09%.

Comparing 2BR units, single-family homes have a median rent of $1,681 while apartments are priced at $1,526.

What is the range of median rents in Troy, MI as of June 2026?

In June 2026, Troy, MI rents range from $1,300 for a 1BR single-family home to $2,488 for a 4BR single-family home.

How much more do single-family homes cost than apartments for the same bedroom count in Troy, MI?

For 2BR rentals in Troy, MI, single-family homes cost $1,681, which is $155 higher than apartments at $1,526 as of June 2026.

Which rental segment in Troy, MI had the biggest annual growth, and was the increase broad or concentrated?

The 2BR condo/townhome segment saw the largest YoY growth in Troy, MI in June 2026, rising 10.09%, and this increase was concentrated in the 2BR category, as other condo/townhome bedroom counts saw smaller gains.

What is the most affordable rental option in Troy, MI according to the June 2026 data?

The lowest median rent in Troy, MI as of June 2026 is $1,300 for a 1BR single-family home.

Troy, MI

June 2026

48083,48084,48085

Long-term Rental Rates

Apartment

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,270 – $1,349	4.31%	1.14%
2-Bedroom	$1,465 – $1,587	-1.38%	-1.40%
3-Bedroom	$1,944 – $2,044	1.68%	0.31%
4-Bedroom	$2,123 – $2,238	1.40%	4.38%

Condo/Townhome

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,337 – $1,397	1.26%	3.25%
2-Bedroom	$1,788 – $1,937	1.84%	10.09%
3-Bedroom	$2,127 – $2,236	0.66%	2.26%
4-Bedroom	$2,356 – $2,489	1.86%	4.01%

Single-Family

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,273 – $1,329	1.56%	4.75%
2-Bedroom	$1,622 – $1,740	3.71%	6.65%
3-Bedroom	$2,104 – $2,212	-2.80%	2.21%
4-Bedroom	$2,426 – $2,550	-0.18%	2.22%

Data updated: July 19, 2026

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
June 2026	$1,310	$1,526	$1,994	$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
August 2025	$1,328	$1,584	$2,031	$2,127
July 2025	$1,316	$1,566	$2,019	$2,103

Condo / Townhome

Month	1 BR	2 BR	3 BR	4 BR
June 2026	$1,367	$1,863	$2,181	$2,412
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
August 2025	$1,340	$1,913	$2,249	$2,374
July 2025	$1,325	$1,881	$2,239	$2,350

Single-Family

Month	1 BR	2 BR	3 BR	4 BR
June 2026	$1,300	$1,681	$2,158	$2,488
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
August 2025	$1,271	$1,634	$2,158	$2,555
July 2025	$1,258	$1,619	$2,137	$2,524

Similar Markets in Detroit-Warren-Dearborn

Sterling Heights, MI

2BR apt median $1,526

St. Clair Shores / Grosse Pointe, MI

2BR apt median $1,518

Royal Oak, MI

2BR apt median $1,535