Rental market snapshot for Troy, Michigan

Troy, Michigan Rental Property Market Overview

Troy, Michigan is a vibrant city located in Oakland County. According to the US Census, the population of Troy in 2021 is 86,836. Troy is a thriving community with a variety of amenities, including a vibrant downtown, numerous parks, and a variety of shopping and dining options. The city is also home to several major employers, making it a great place to live and work.

The average rent for an apartment in Troy is $1,769. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Troy Michigan | Cost of Living

  • The most expensive ZIP code in Troy is 48085 with an average price of $2,828.
  • The cheapest ZIP code in Troy is 48083 with an average price of $1,406.

Troy ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
148085$2,828
248098$1,965
348084$1,684
448083$1,406

Live near Troy, Michigan's Top Sights and Attractions

Jacee Park is a beautiful outdoor destination located in a suburban area. It features a large pond with a fountain, a walking path, and plenty of green space for picnics and outdoor activities. There is also a playground with slides, swings, and other fun activities for children. The park also has a pavilion and several benches for visitors to relax and enjoy the scenery.

Sylvan Glen Lake Park is a beautiful outdoor destination located in Troy, Michigan. It features a large lake with a beach, a playground, picnic areas, and plenty of trails for walking, biking, and running. The park also has a fishing pier, a boat launch, and a disc golf course. The lake is surrounded by lush green trees and is a great spot for bird watching. There are also several pavilions available for rent, making it a great spot for family gatherings and special events.

Boulan Park is a popular outdoor destination located in Troy, Michigan. It features a variety of recreational activities, including a large playground, a walking trail, a fishing pond, and a disc golf course. The park also has a picnic area with grills and tables, a pavilion, and a large open field. The park is well-maintained and provides a great place for families to spend time together.

Firefighters Park is a beautiful outdoor space located in Troy, Michigan. It features a large pond, walking trails, and a playground. There is also a memorial dedicated to fallen firefighters, as well as a picnic area and pavilion. The park is a great place to spend a day outdoors, with plenty of activities for the whole family.

White Chapel Memorial Park Cemetery is a peaceful and tranquil place to visit. It is a beautiful cemetery with lush green lawns and a variety of trees and shrubs. The cemetery also features a variety of monuments, sculptures, and memorials. Visitors can take a stroll through the grounds and admire the various works of art. The cemetery also offers a variety of services, including funeral services, cremation services, and memorial services.

Kamp Klimchak is an outdoor adventure park located in a wooded area. It features a variety of activities, including a zip line, a rock climbing wall, a ropes course, a giant swing, and a bungee trampoline. There are also a number of trails for hiking and biking, as well as a campground for overnight stays. The park also offers a variety of educational programs, such as nature walks and bird watching.

Raintree Park is a sprawling outdoor space located in Troy, Michigan. It features a large lake, a playground, picnic areas, and walking trails. The lake is a popular spot for fishing and boating, and the playground is a great place for kids to have fun. There are also several sports fields, including a baseball diamond, basketball courts, and a soccer field. The park also offers a variety of activities, such as concerts, festivals, and outdoor movies. The park is a great place to spend a day outdoors, with plenty of activities and amenities to enjoy.

Cummingston Park is a large outdoor recreational area located in Troy, Michigan. It features a variety of activities for visitors to enjoy, including a playground, walking trails, a fishing pond, a picnic area, and a disc golf course. The park also has a large open field perfect for playing sports or flying kites. It is a great place to spend a day outdoors with family and friends.

Redwood Park is a beautiful park located in Troy, Michigan. It features a large lake, walking trails, and a variety of wildlife. The park is surrounded by towering redwood trees, giving it a serene and peaceful atmosphere. Visitors can enjoy a variety of activities such as fishing, boating, and picnicking. There are also playgrounds, tennis courts, and a disc golf course. Redwood Park is a great place to spend a day outdoors and take in the beauty of nature.

Robinwood Park is a large outdoor recreational area located in Troy, Michigan. It features a variety of activities, including a large playground, a walking path, a pond, and a picnic area. There are also two pavilions available for rent, as well as a disc golf course. The park also features a variety of sports fields, including baseball, softball, and soccer. In addition, there are two tennis courts and a basketball court. The park also has a large open area for outdoor activities such as Frisbee, kite flying, and picnicking.

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$2,850
Oakfieldship$2,270
Hudsonville$1,925
Rochester$1,917
Grand Haven$1,590
Southfield$1,390
Dearborn Heights$1,174
Grand Ledge$1,025

Average household income in Troy area graph - US Census

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The median household income in Troy in 2021 was $107,550. This represents a 24.4% change from 2011 when the median was $86,465.

#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%

Neighborhoods in Troy

We currently do not have this data but we are working to add this soon.

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.

As of December , the average rent in Troy is $1,769.
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