Rental market snapshot for Troy, Michigan

Troy, Michigan Rental Property Market Overview

The average rent for an apartment in Troy is $1,800. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -2.3% over the past year.

Troy is a city located in the southeastern portion of Michigan. The city has a population of just over 80,000 people and is a part of the Detroit metropolitan area. The city is home to a number of large businesses and is known for its high quality of life.

Last Updated December 23, 2022

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Average monthly rent graph in Troy Michigan | Cost of Living

  • The most expensive ZIP Code in Troy is 48084 with an average price of $1,725
  • The cheapest ZIP Code in Troy is 48083 with an average price of $1,289

Troy ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
148084$1,725
248083$1,295

Live near Troy, Michigan's Top Sights and Attractions

Jacee Park is a beautiful park located in Troy, Michigan. The park has a playground, a picnic area, and a walking trail. The park is also home to a variety of birds and other wildlife.

Sylvan Glen Lake Park is a beautiful park that offers a variety of activities for visitors to enjoy. The park has a large lake that is perfect for swimming, fishing, and boating. There are also plenty of hiking trails, picnic areas, and playgrounds for visitors to explore.

Boulan Park is a public park located in Troy, Michigan. The park features a playground, picnic tables, a pavilion, and a walking trail.

Firefighters Park is a park located in Troy, Michigan. The park is home to a variety of firefighting equipment, including a fire truck, fire engine, and fire hose. The park also features a playground, picnic tables, and a walking trail.

White Chapel Memorial Park Cemetery is a beautiful, peaceful place to visit. The cemetery is well-kept and the grounds are lovely. There are many different types of flowers and trees, and the cemetery is very quiet and serene.

Kamp Klimchak is an outdoor adventure park that features zip lining, rock climbing, and a ropes course. The park is located on a wooded hillside and has views of the Detroit River.

Raintree Park is a beautiful park located in Troy, Michigan. The park features a variety of amenities including a playground, picnic tables, a walking trail, and a pond. The pond is a popular spot for fishing and is stocked with a variety of fish. The walking trail is a great way to explore the park and take in the scenery.

Cummingston Park is a beautiful park located on the east side of Troy. The park has a playground, a pavilion, and a walking trail. The pavilion is available to rent for parties and events.

Troy, Michigan area median rent change by ZIP Code map

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How does Troy compare to other cities in Michigan ?

citymedian price
Birmingham$2,390
Detroit$1,200
Novi$1,819
Walled Lake$1,300
Plymouth$1,140

Average household income in Troy area graph - US Census

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The median household income in Troy in 2021 was $104,132. This represents a 21.2% change from 2011 when the median was $85,946.

#categorypercent
0Less than $10,0004.0%
1$10,000 to $14,9991.9%
2$15,000 to $19,9991.5%
3$20,000 to $24,9992.7%
4$25,000 to $29,9992.6%
5$30,000 to $34,9991.8%
6$35,000 to $39,9992.3%
7$40,000 to $44,9991.9%
8$45,000 to $49,9991.7%
9$50,000 to $59,9995.8%
10$60,000 to $74,9997.7%
11$75,000 to $99,99913.9%
12$100,000 to $124,99911.9%
13$125,000 to $149,99910.0%
14$150,000 to $199,99912.5%
15$200,000 or more17.8%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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