New York state is known for its iconic skyscrapers, cultural diversity, and history. Visit notable museums, such as the Metropolitan Museum of Art, the American Museum of Natural History, and the Museum of Modern Art, to learn about the state's cultural heritage. New York is also home to prestigious universities like Columbia University, Cornell University, and New York University. The theater and art scene also thrive in New York, with world-renowned museums and performance centers in NYC like the Metropolitan Museum of Art, Lincoln Center, and Carnegie Hall.

From the breathtaking peaks of the Adirondack and Catskill Mountains to the scenic beauty of the Finger Lakes, outdoor enthusiasts will find plenty to explore. In terms of sports, New York is home to many professional teams like the New York Giants (NFL), Buffalo Bills (NFL), New York Rangers (NHL), New York Yankees (MLB), New York Mets (MLB), the New York Knicks (NBA), and Brooklyn Nets (NBA). In addition, embrace famous attractions like the Empire State Building, Statue of Liberty, Central Park, and Niagara Falls.

New York offers a high quality of life, a strong economy, and a rich cultural heritage, making it a great place to live.

Rental Market Trends

Troy, NY

As of April 2026, Troy's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Troy's average rent is 33.9% ($758) lower than the New York average of $2,237 and 17.3% ($309) lower than the U.S. average of $1,788.

Average Rent

$1,479

Monthly ChangeMonth Over Month Change

3.6% ($56)

Yearly ChangeYear Over Year Change

11.5% ($192)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,397	1.5% ($21)	6.6% ($99)
2 Beds	$1,626	6.1% ($105)	5.2% ($89)
3 Beds	$2,120	4.6% ($102)	6.7% ($133)

Nearby Cities	Average Rent	Avg. Rent vs. TroyAverage Rent vs. Troy	Avg. Days on MarketAverage Days on Market
Watervliet	$1,596	7.9% ($117)	36 days
Cohoes	$1,845	24.7% ($366)	31 days
Latham	$2,057	39.1% ($578)	31 days
Albany	$1,621	9.6% ($142)	31 days
Rensselaer	$2,077	40.4% ($598)	44 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Troy Rental Market FAQs

Explore rental prices, market trends, and availability in Troy, NY.

What is the average rent in Troy, NY?

The average rent in Troy, NY is $1,479 per month.

What is the rental price range for homes in Troy, NY?

Homes in Troy typically rent for between $978 and $2,756 per month, with an average of $1,479 per month.

What is the average rent for different bedroom sizes in Troy, NY?

In Troy, the average rent for a 1-bedroom home is $1,397 per month, for a 2-bedroom home, $1,626 per month, and a 3-bedroom home is $2,120 per month.

How do rent prices in Troy, NY compare with the national average?

The average rent in Troy is 17.3% ($309) lower than the national average of $1,788 per month.

How have rent prices in Troy, NY changed recently?

The average rent in Troy has decreased by 3.6% ($56) in the last month and decreased by 11.5% ($192) over the past year.

How competitive is the rental market in Troy, NY?

The rental market in Troy, NY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Troy, NY?

In Troy, NY, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Troy, NY?

There are currently 48 rental properties available in Troy, NY.

Can I afford to rent a home in Troy, NY?

Based on the current averages, a household would need an annual income of $65,040 to comfortably afford a 2-bedroom home in Troy.