Troy / Rochester Hills, MI
June 2026
48083,48084,48306,48307
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,303 – $1,411 | 7.83% | 3.53% |
| 2-Bedroom | $1,521 – $1,681 | -2.46% | 3.15% |
| 3-Bedroom | $1,981 – $2,147 | 2.68% | 2.63% |
| 4-Bedroom | $2,123 – $2,238 | 1.39% | 4.38% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,259 – $1,315 | -4.78% | -3.35% |
| 2-Bedroom | $1,757 – $1,873 | 1.56% | 5.78% |
| 3-Bedroom | $2,195 – $2,340 | 0.46% | 3.30% |
| 4-Bedroom | $2,380 – $2,538 | 3.66% | 4.93% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,270 – $1,327 | 1.64% | 4.70% |
| 2-Bedroom | $1,594 – $1,699 | 2.40% | 4.24% |
| 3-Bedroom | $2,139 – $2,364 | 0.13% | 6.56% |
| 4-Bedroom | $2,485 – $2,774 | 2.71% | 6.28% |
In the Troy / Rochester Hills (48083, 48084, 48306, 48307) rental market, 1-bedroom condo/townhome units reached a median rent of $1,358, rising by 5.53% month-over-month and 4.52% year-over-year. This marks the fastest monthly gain among 1BR segments and sets condos apart as the leading option for entry-level renters in May 2026.
Among 2-bedroom units, apartments in Troy / Rochester Hills (48083, 48084, 48306, 48307) recorded a $1,656 median rent, which trailed condo/townhome options at $1,847—a premium of $191. Condos advanced 3.17% MoM, while apartments posted a 2.42% gain, illustrating higher demand for upscale, amenity-oriented condo living.
Annual data reflects that Troy / Rochester Hills (48083, 48084, 48306, 48307) rental trends feature a 3-bedroom single-family median rent of $2,225, up 7.36% year-over-year. This growth outpaces apartment 3BR units, which increased 2.02% YoY, and condos at 4.24% YoY, making single-family homes the fastest-appreciating segment in the 3BR category.