Troy, MI · Detroit metro
September 2026
48083,48084,48085
Long-term Rental Rates
Long-term rental rates for Troy (48083,48084,48085), in the Detroit metro area, as of September 2026.
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,371 – $1,485 | 5.46% | 6.76% |
| 2-Bedroom | $1,617 – $1,787 | 5.93% | 4.74% |
| 3-Bedroom | $2,076 – $2,294 | 2.98% | 7.35% |
| 4-Bedroom | $2,197 – $2,293 | 0.36% | 4.17% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,364 – $1,426 | 0.22% | 3.48% |
| 2-Bedroom | $1,900 – $1,997 | -3.38% | 0.65% |
| 3-Bedroom | $2,274 – $2,425 | 1.83% | 5.52% |
| 4-Bedroom | $2,462 – $2,568 | 0.11% | 4.49% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,328 – $1,363 | 0.15% | 4.57% |
| 2-Bedroom | $1,657 – $1,767 | 0.41% | 4.84% |
| 3-Bedroom | $2,227 – $2,462 | -0.30% | 7.60% |
| 4-Bedroom | $2,598 – $2,901 | 2.89% | 7.55% |
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.